June 18, 2018

March/April 2016 Market Pulse

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March/April 2016 Market Pulse

A glimpse at the state of the housing market at the start of the spring buying and selling season.

Real estate markets got a scare in November when home sales plunged almost 11 percent in one month, but they came roaring back in December and have remained strong since. NAR attributes the drop to delays from federal closing rules that took effect in October.

Top reasons for closing delays and cancellations

Financing is the biggest cause of closing delays, but property condition (home inspection/environmental issues) is most likely to cause transactions to collapse.

Source: NAR Research

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