Pending Home Sales Fell in September. Have Buyers Had It With High Prices?

Maurie Backman, The Motley Fool
·3 min read
Pending Home Sales Fell in September. Have Buyers Had It With High Prices?
Pending Home Sales Fell in September. Have Buyers Had It With High Prices?

There's a reason buyers have clamored to purchase homes since summertime: Mortgage rates have fallen to historic lows, and borrowers want to capitalize on those great opportunities. There's been a major shortage of homes on the market since the coronavirus pandemic kicked into gear, and that's driven home prices up -- so much so that many buyers found themselves having to outbid others to snag the limited inventory available these past months.