Wells Funding Group

Pending home sales typically take 30-60 days to register. Mortgage rates above 6.64%, and especially over 7%, negatively affect this data. Rates under 6.25% have been the sweet spot for years.

Exciting news in the real estate market! We've surpassed 80,000 new home listings weekly. The next goal is to consistently see growth between 80,000 and 100,000 new homes listed each week. This indicates a strong and active market.