A rush of homes go under contract in January, but it’s unlikely to last

Econ & Housing

Saul Loeb | AFP | Getty ImagesA sharp drop in mortgage interest rates brought homebuyers out in force in January, but rates have bounced back higher again, so the gains may be short-lived.Signed contracts on existing homes jumped 8.1% last month compared with December, according to the National Association of Realtors. That’s the second straight…

Thanks for reading The LBM Daily.
Join LBM Daily Premium or log in to continue reading.
Login Join Now

Articles You May Like

Limited Time 15% Promo!
Weyerhaeuser approved for first carbon credit project in Maine
Short-term rentals putting strain on housing inventory
Powell could still hammer U.S. stocks on Wednesday even if the Fed doesn’t hike interest rates
Vermeer launches redesigned horizontal grinder
World’s most sustainable cities revealed