Pending home sales have inched up 0.3% across the US this month—a modest but noteworthy sign for those navigating the current real estate landscape. While contract signings are still down about 5% compared to last year, buyers are moving ahead with offers even as mortgage rates have risen. The 30-year fixed rate now sits near 7%, a slight increase from last year’s mid-6% range, which does impact affordability—even as incomes and gains have outpaced some home price growth. As someone guiding clients through both Georgia and Alabama markets, I see firsthand how these shifts play out: pending sales, based on signed contracts, give us an early glimpse of which direction the market is headed before any keys change hands. This time of year naturally brings fewer buyers, which often means a bit more negotiating power for those ready to act—while summer typically opens up more listings and choices. My approach is always to keep you informed and confident through each step of your real estate journey, from consultation to closing and beyond.
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