In this video, NAR Chief Economist Lawrence Yun talks about the sizable decline in pending home sales in September. He explains that the market is coming to a predicted pause due to lower housing affordability, which is caused by lack of inventory and rising prices. He also discusses the PATH Act, which would remove Fannie Mae and Freddie Mac from home sales transactions without creating any good alternative to their involvement.
Video: Pending Home Sales Slide in September
Video: Pending Home Sales Slide in September
Oct 28, 2013
4:39
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