Items Tagged with 'Pending Home Sales'

ARTICLES

  • 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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  • Existing home sales set to end the year at highest point since 2006

    Home prices to slow in 2018
    Pending home sales inched up slightly in November, indicating home sales may rise to their highest point since 2006. But even as home sales increase at the end of this year, headed into 2018, NAR forecasts existing home sales and home price growth will slow primarily due to the altered tax benefits of homeownership in some high cost areas.
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  • Pending home sales suddenly rebound in October

    Remain below last year’s levels
    Pending home sales rebounded in October, reaching its highest point since June after three months of declines. The increase was driven by a sudden jump in the South, which is recovering from recent hurricane activity. However, as experts expected, pending home sales remain below last year’s levels.
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