Despite stronger buyer interest in most of the country, extremely tight inventory conditions and weakening affordability caused both existing-home sales and pending sales to decline in January.
Watch below or visit https://www.nar.realtor/videos/housing-minute to watch a 60-second, animated video from the National Association of Realtors® summarizing how the housing market performed in January, as well as new metro area data on single-family home prices and NAR’s 2018 forecast.