Midwest homes a tough sell but not the toughest
A new report from the National Association of Realtors found it was tough to sell a home in the Midwest in November but not as tough as in the Northeast. The Realtors report showed pending resales fell in three of four regions. In addition to the Northeast’s 13 percent drop, the pending sales index decreased 4.1 percent in the Midwest and 2.1 percent in the West. The pending sales rose 2.3 percent in the South. The figures are seasonally adjusted.
Nationally, the number of Americans signing contracts to buy previously owned homes fell 2.6 percent in November from October, according to the Realtors’ Pending Home Sales Index.
