Pending Home Sales Tumble by Almost 5% in December

In the largest drop in almost 10 years, pending home sales declined by 4.9% in December, from the month before, according to the National Association of Realtors (NAR). The drop is largely due to a lack of homes on the market.

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Posted by Jeff Mindham

Prior to becoming a full-time writer in 2015, I was the Senior President of National Marketing for Prudential Real Estate (63,000 agents & 700 franchisees), and the Chief Marketing Officer at several real estate tech startups. Those included ForSaleByOwner.com, the nation’s largest online FSBO, Foxtons and USRealty.com, among others. I began my career on Madison Ave. working at some of New York’s largest ad agencies. I have a master’s degree from the University of San Francisco and a BA degree in Communications.

Pending Home Sales Tumble by Almost 5% in December

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National Association of Realtors