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Summary: Pending Home Sales Rose in September, Realtors See Sales Slump Ending
- Home sales in 2023 are expected to total 4.15 million, the lowest annual count since 2008.
- Pending home sales unexpectedly rose in September, indicating a potential end to the sales slump.
- Realtors are optimistic about the market’s recovery as sales continue to increase.
Pending Home Sales Increase in September, Realtors Optimistic About Market Recovery
According to a report by Barrons, home sales this year are expected to total 4.15 million, marking the lowest annual count since 2008. However, pending home sales unexpectedly rose in September, signaling a potential end to the sales slump and providing a positive outlook for the real estate market.
As realtors witness this increase in pending home sales, optimism is growing regarding the market’s recovery. If the trend continues, the sales slump that has plagued the market may finally come to an end, allowing for a more stable and prosperous real estate environment.
In conclusion, the unexpected rise in pending home sales in September provides a positive outlook for the real estate market, with realtors becoming increasingly optimistic about the market’s recovery. As the sales slump appears to be ending, the market may soon return to a more stable and prosperous state, benefiting both real estate professionals and their clients.
Orginal article: Link To Article – provided by Kansas City Realtors
