Items Tagged with 'Pending Home Sales Index'

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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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  • Realtors: Low supply continues to curb our home sales

    Home sales fall to third-lowest level this year
    After two consistent months of modest increases, pending home sales fell to their third-lowest level over the past year. NAR Chief Economist Lawerence Yun explained that the market will also experience difficulties this summer as home buyers combat gas prices, low supply and rising mortgage rates.
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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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  • NAR: Persistent, slow home sales mean housing market is now "essentially stalled"

    Sales drop for fifth time in six months
    Pending home sales dropped in August for the fifth time in six months to the lowest level since January 2016. This decrease even caused the National Association of Realtors to revise its forecast for the year. NAR now predicts 2017 will see a slight drop in existing home sales from the year before.
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  • Pending home sales drop for third consecutive month

    Simply not enough homes to buy
    Pending home sales dropped in May for the third consecutive month, and now the National Association of Realtors says the housing market could be topping off. But this drop varies not only by geographical region, but changes significantly from the bottom end of home prices to the high end.
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  • Rising interest rates already slowing home sales

    Pending home sales fall to lowest level since January
    Recent reports showed the impact of the post-election rise in mortgage interest rates on borrowers looking to refinance, with higher interest rates shrinking the pool of borrowers who have incentive to refinance. Now, the housing industry is getting its first look at how higher interest rates may also affect the purchase market, as a new report from the National Association of Realtors shows that pending home sales slowed in November to the lowest level since January.
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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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  • Pending home sales rise slightly in November

    Existing home prices are up 5.6% for the year
    Consistent economic growth and steady hiring helped to drive pending home sales up slightly in November, the National Association of Realtors said in its Pending Homes Sales Index. In fact, November's year-over-year gain was the highest since August 2013.
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