Items Tagged with 'Pending Home Sales'

ARTICLES

  • Pending home sales rebound after 17 months of consecutive declines

    The PHSI in West region increases a whopping 5.4% in June
    The nation’s healthy economic environment drove an increase in pending home sales, pushing the index forward 2.8% in June, according to the latest report from the National Association of Realtors. The Pending Home Sales Index, a forward-looking indicator based on contract signings, slightly increased to 108.3 in June, rising from May’s 105.4. NAR’s Chief Economist Lawrence Yun said June’s 2.8% increase can be attributed to the nation’s current favorable conditions and predicted last month’s rise is likely the start of a positive trend for home sales.
    Read More
  • April's dip in home sales may portend "significant gain" in May, economist says

    March's signed contracts were supposed to have turned to sales by now
    Housing economists were left scratching their heads this week over a NAR report showing U.S. existing home sales fell in April. In the prior month, pending home sales climbed to an eight-month high and were up by nearly 4% from the prior month. You sign a contract and a month or two later you buy the home. That’s the way it’s supposed to work. So what gives?
    Read More
  • 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?
    Read More
  • 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.
    Read More
  • 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.
    Read More
  • 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.
    Read More
  • 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.
    Read More
  • 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.
    Read More
  • 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.
    Read More