The national Association of realtors has been keeping track of pending home sale data since 2001 and May 2024 was literally the worst month on record since then. Pending home sales have now fallen into an all-time low in this supposedly fantastic housing market. I think the data speaks for itself and shows how few people are actually interested and or able to actually purchase a house right now.
Redfin: U.S. Home Prices Hit New All-Time High, Pushing Pending Sales Down 5%