Tag: pending home sales

US Home Sales Fall Again, Posts Second-Lowest Monthly Reading in 20 Years

December 28, 2022
Business & Marketsmortgage ratespending home salesreal estaterecessionUSUS Real Estate
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U.S. pending home sales tumbled 4 percent in November, according to the National Association of Realtors (NAR). This is up from the 4.6 percent drop in October, but the reading was worse than the market estimate of a 0.8 percent dip. On a year-over-year basis, pending home sales plummeted 37.8 percent, down from the 37…

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Pending Home Sales Dive as Soaring Prices, High Mortgage Rates Take Toll

May 26, 2022
Business & EconomyeconomyHouse Priceshousing marketinflationInvestmentMarketspending home salespersonal financeUSUS News
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A measure of U.S. home sales based on signed contracts dropped to a 2-year low in April, the latest in a string of data points suggesting the housing market may be heading into choppier waters. Contracts to buy previously owned homes fell 3.9 percent last month to a reading of 99.3, the National Association of Realtors…

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Pending Home Sales Jump by Forecast-Beating 7.5 Percent in October, Reversing September Decline

November 29, 2021
Business & EconomyBusinesses in COVID-19economyhousing marketInvestmentMarketspending home salesUSUS News
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U.S. pending home sales rose sharply in October, beating forecasts and reversing a September decline as prospective homebuyers sought to lock in sales before an anticipated rise in mortgage rates and fast-rising rents, according to the National Association of Realtors (NAR). The association’s Pending Home Sales Index (PHSI), which is based on contract signings and serves…

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Pending Home Sales See Sharp Rebound in May, Beating Forecasts

June 30, 2021
Businesseconomyhousing marketpending home salesUSUS News
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Contracts to buy previously owned homes in the United States saw a sharp rise in May, with the National Association of Realtors’ (NAR) index of pending home sales hitting its highest level for the month of May since 2005 and blowing by economists’ expectations. The index rose by 8 percent in May to 114.7, up…

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