Items Tagged with 'Pending Home Sales'

ARTICLES

  • Blue skies ahead, or is the housing market falling off a cliff?

    At the most critical time of year for home sales, data whiplash explained
    People who track the housing market got a dose of data whiplash this week. At 9 a.m. on Tuesday the S&P CoreLogic Case-Shiller index showed the housing market cooling for the 11th straight month. An hour later, NAR released its pending home sales report showing a spike in signed contracts. So, which is it? At the most critical time of year for the housing market – the onset of the spring buying season – is demand falling off a cliff or picking up speed?
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  • Pending home sales show signs of hope in March

    Contract signings rise 3.8% as mortgage rates fall
    Pending home sales advanced 3.8% in March as lower mortgage rates brought more buyers into the market, according to the latest report from the National Association of Realtors. NAR’s Chief Economist Lawrence Yun said although home sales data has been exceptionally volatile over the past several months, he predicts numbers will begin to climb more consistently.
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  • Pending home sales show modest retreat in February

    NAR reveals a 1% decline last month after substantial January gains
    Pending home sales dropped 1% in February, declining 4.9% from last year, according to the latest report from the National Association of Realtors. NAR Chief Economist Lawrence Yun said that considering the fact that January's pending contracts were up nearly 5%, the 1% drop in February is not a significant concern, although it's clear that activity this spring will not match last year's frenzied pace.
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  • NAR: Pending home sales climb in all major regions

    Pending home sales climb 4.6% in January
    Pending home sales reversed course in January, rebounding in all four major regions, according to the latest report from the National Association of Realtors. NAR Chief Economist Lawrence Yun said a change in Federal Reserve policy and the reopening of the government were very beneficial to the market.
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  • NAR: Pending home sales unscathed from partial government shutdown

    Home transactions delayed, but expected to go forward
    Pending home sales fell on an annual basis for the 12th consecutive month in December, according to the latest report from the National Association of Realtors. NAR Chief Economist Lawrence Yun said the partial government shutdown has not caused any obvious damage to home sales.
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  • NAR: Pending home sales retreat for 11th consecutive month

    All regions but Northeast and West see decline
    Pending home sales fell on an annual basis for the 11th consecutive month in November, according to the latest report from the National Association of Realtors. NAR Chief Economist Lawrence Yun said the latest government shutdown will further harm the housing market.
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  • NAR: Pending home sales fall for 10th consecutive month

    All regions but Northeast experienced declines in October
    Pending home sales fell on an annual basis for the 10th consecutive month in October, according to the latest report from the National Association of Realtors. NAR Chief Economist Lawrence Yun said the recent rise in mortgage rates has reduced the pool of eligible homebuyers.
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  • 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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