July’s pending home sales numbers offered insight into the current real estate landscape: U.S. pending home sales dropped 2.3% from the previous month and were down 2.2% compared to last year. The Midwest was the one bright spot, with a 1.7% yearly increase. Even with job growth and more homes on the market, sales are still 30% below where we were before the pandemic. Mortgage rates averaged 6.67%, adding another layer to the decision-making process. As someone who’s spent years guiding York County families and investors through changing markets, I know how important it is to understand what’s happening behind the numbers. My approach is always to make these trends work for you—whether you’re thinking about your next move or just keeping an eye on the market. In times like these, up-to-date information and a creative strategy can make all the difference.
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