Items Tagged with 'Pending Home Sales'

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Pending home sales barely increase, driven by surge in the Northeast

There’s a silver lining for potential homebuyers
After a series of declines, pending home sales, while small, posted a slight increase, largely fueled by a surge in the Northeast. On the positive side, NAR’s chief economist, said that the silver lining from the market turmoil in recent weeks is the fact that mortgage rates have stayed low.
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California housing positioned for strong 2016

New report shows pending home sales increase in December
A new report from the California Association of Realtors shows that California pending home sales continued to progress through 2015 with solid gains, which will position the market for a modest increase in home sales in 2016.
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Existing-home sales surge in TRID aftermath

NAR President: Near-term challenges still prevalent
The immediate impact of the Consumer Financial Protection Bureau’s TILA-RESPA Integrated Disclosures rule in October is quickly coming to light as existing-home sales bounce back after November’s steep drop. But before celebrating, NAR President Tom Salomone cautioned that data is still showing longer closing timeframes, which is a reminder that the near-term challenges they anticipated are still prevalent.
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Pending home sales struggle to overcome housing headwinds

Drops for third time in four months
Pending home sales once again struggled to overcome housing headwinds and slightly declined for the third time in four months. And according to the National Association of Realtors’ chief economist, the struggles will continue when spring buying season begins.
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Pending home sales continue to cool off in September

Hit second lowest reading in 2015
Pending home sales continued to cool off in September, dropping for the second-straight month. According to the National Association of Realtors' chief economist, a combination of factors likely led to September’s dip in contract signings.
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Calling it: There won’t be a rate hike this week

The economy’s one golden goose is starting to lay lead eggs
I’m not exactly going out on a limb here with a wild bet, but I’m going to go ahead and call it that the Fed won’t be raising interest rates this week. They just don't have the will, even though they have to get it done sometime.
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Pending home sales decline 1.4% in August

Index gained on annual basis but well below analyst expectations
Pending home sales retreated in August despite analyst expectations of a 0.5% gain. According to the National Association of Realtors' chief economist, "There are looming speed bumps that have the potential to impact housing."
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Pending homes sales remain flat in July

Modest 0.5% rise led by gains in Northeast
Pending home sales were mostly unchanged in July, but rose modestly for the sixth time in seven months, according to the National Association of Realtors. Is this the start of a sustained slowdown? Read on.
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