Housing Demand Climbs as US Market Starts to Show Signs of Life
Pending home sales increased for the first time in more than a year.
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Housing demand is starting to show signs of recovery, with pending sales of US homes rising for the first time in more than a year, according to new data from Redfin Corp.
Pending sales climbed 2.9% in December on a seasonally adjusted basis, the first month-over-month increase since October 2021, Redfin said in a report Wednesday. Other measures of demand, including data on the brokerage’s customers requesting home tours and people contacting the company’s agents, are up from November.