rising interest rates

Lots of info packed into last week's video from National Association of Realtors Chief Economist Lawrence Yun. He covers the continued uptick of pending home sales in June and the dissappointing closing results following a similar uptick in May. Yun also covers the impact the gridlock in Washington has had on the economy and real estate markets and the threat of rising interest rates caused by the debt-ceiling impasse. Even though it looks tonight like that impasse is resolved, interest rates … [Read more...] about Buyers Signing Contracts but Closings are Few