The National Association of Realtors (NAR) monthly report released April 27, showed pending home sales falling for the fifth consecutive month, down 1.2% in March and 8.2% year over year. Soaring home prices (up 20.2% from February 2021) and average interest rates standing at 5.11%, according to NAR chief economist Lawrence Yun, suggest that while the desire to purchase a home is still strong, ‘the financial capacity has become a major limiting factor.’