Articles Tagged with ''Pending Home Sales''

NAR: Pending home sales increase in September, but decline annually

Pending home sales have fallen on an annual basis for nine consecutive months
Pending home sales increased 0.5% in September, but have still fallen on an annual basis for nine consecutive months in September, according to the latest report from the National Association of Realtors. NAR Chief Economist Lawrence Yun said that even though we are still seeing year-over-year declines, the latest monthly increase is a good, stabilizing trend.
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NAR: Pending home sales fall for eighth consecutive month

Pending Home Sales Index falls 1.8% in August
Pending home sales have now fallen on an annual basis for eight consecutive months as of August, according to the latest report from the National Association of Realtors. NAR Chief Economist Lawrence Yun said that low inventory continues to contribute to the housing market slowdown.
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NAR: Pending home sales fall for seventh consecutive month

Pending home sales fall 0.7% in July
Pending home sales have now fallen on an annual basis for seven consecutive months, according to the latest report from the National Association of Realtors. NAR Chief Economist Lawrence Yun said sales are falling off last year’s pace because inadequate supply and strong job growth have pushed home prices to an unaffordable point for prospective buyers.
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NAR: Pending home sales climb in all four major regions

An uptick in existing inventory may be the reason
Pending home sales climbed in all four major regions in June, but still fell short of last year's gains, according to the latest report from the National Association of Realtors. NAR Chief Economist Lawrence Yun believes the worst of the supply crunch affecting most of the country has possibly passed.
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NAR: Is inventory the biggest threat to Realtors?

Home price gains continuously outpace income growth
Pending home sales modestly decreased in May, marking the fifth consecutive month of annual declines, according to the latest report from the National Association of Realtors. NAR Chief Economist Lawrence Yun says although the lackluster spring is largely attributed to low supply, closing data suggests that home price gains continue to outpace income growth.
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Pacific Union International launches digital platform for exclusive property listings

Portal already has more than $100 million in new listings
Real estate brand and brokerage company Pacific Union International announced this week that it's launching a digital marketplace that aims at securely provide buyers and sellers exclusive listings before they are marketed to the public. The new public portal already has more than $100 million in new listings for southern California.
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Improving economy can’t push home sales higher

Pending home sales see third consecutive annual decline
Pending home sales decreased annually in March, and are showing no signs of improvement as housing inventory fails to keep up with homebuyer demand. NAR explained healthy economic conditions are creating considerable demand for purchasing a home, but not all buyers are able to sign contracts because of the lack of choices in inventory.
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Spring home buying season begins: pending home sales rise

Low inventory levels still restricting market
The spring home buying season is already beginning as pending home sales reversed course and increased in much of the country in February. NAR explained the expanding economy and healthy job market are generating sizable homebuyer demand, but the minuscule number of listings on the market and its adverse effect on affordability are squeezing buyers and suppressing overall activity.
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Pending home sales dip to lowest level in 3 years

Housing inventory hits all-time low for January
Pending home sales dropped suddenly in January, falling to the lowest level in more than three years. In addition to new home construction making progress closer to its historical annual average of 1.5 million starts, NAR explained two other factors must start occurring to alleviate the excruciatingly low supply levels that are slowing sales.
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NAR: Pending home sales rise for 3rd straight month, but there’s trouble on the horizon

Realtors wary of tax reform impact on home sales
Pending home sales rose in December for the third straight month, providing further evidence that 2017 was a positive year for housing, but the National Association of Realtors doesn’t expect the good times to keep rolling. But combine continually low housing inventory and the Republican tax plan and you have a recipe for a slowdown, according to NAR Chief Economist Lawrence Yun.
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