Pending home sales eke out 0.5 percent gain in December as supply shrinks to record low

• January 31, 2018
• realestate
• Announcements, Business & Markets, Real Estate, Real Estate Finance, Your Real Estate Life

The supply crisis is hitting housing hard, as strong demand quickly eats up what few listings there are.

Home shoppers signed 0.5 percent more contracts to buy existing homes in December compared to November, according to the National Association of Realtors.

The supply of homes for sale at the end of December fell to the lowest level since the Realtors began tracking it in 1999.