New Signed Contracts Are Beginning to Rise Across the U.S.

rates last fall through the most recently completed month (as of press time). A large portion of the markets showed an uptick in newly signed contracts beginning in January. On a national level, one month earlier, the National Association of Realtors showed its first monthly increase since May.

As consumers get used to higher mortgage rates and as personal needs change over time, the expansion of monthly new signed contracts might suggest that housing sales activity has found a bottom. The future trend will depend on how much higher the Federal Reserve pushes interest rates and whether the economy can maintain its strength.

Source: Miller Samuel/Douglas Elliman

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