Overall pending home sales in the U.S. fell in November as multiple markets struggle with record low inventories of homes for sale. Even so, economists say they’re optimistic that buyers will have more opportunities to buy a home next year. The National Association of Realtors reported that its Pending Home Sales Index dropped 2.2% in
Unexpected fall in pending home sales in September
November 2, 2021 by
Pending home sales, a key measure of signed contracts to buy existing homes, unexpectedly dropped by 2.3% in September compared to a month ago. The National Association of Realtors said sales may have dropped due to higher mortgage rates. Analysts were expecting a small monthly gain in pending home sales. The average 30-year fixed-rate mortgage
Surprising jump in pending home sales suggests buyers are making a comeback
October 4, 2021 by
Pending home sales of existing homes jumped by 8.1% in August from the previous month, suggesting that buyers in the housing market are making a strong comeback. The National Association of Realtors said the surprising gain occurred as buyers are seeing more inventory and slightly more favorable prices. It had expected pending home sales to
Pending home sales fall by 21% in April
June 3, 2020 by
Home sales contracts during April took a big hit due to the COVID-19 pandemic, but things are expected to pick up from here on out, according to the National Association of Realtor’s latest report. Published Thursday, the NAR’s latest Pending Home Sales Index, which is a forward-looking indicator of home sales based on contract signing,
NAR says contract signings fell 16% in March
May 1, 2020 by
The National Association of Realtors said that contract signings fell significantly in March as many housing markets paused due to the coronavirus pandemic. The new figures came in the NAR’s latest Pending Home Sales Index, which is a forward-looking indicator based on contract signings. It said the Index fell by 20.8% in March compared to
NAR: Pending home sales rose in February
April 2, 2020 by
The National Association of Realtors has some surprisingly upbeat news for the real estate industry. It said that pending home sales, which are seen as a forward-looking indicator of the state of the housing market based on contract signings, jumped 2.4% in February compared to the previous month, and 9.4% year over year. The spike
Pending home sales are down, but prospects for 2019 are good
February 1, 2019 by
With consumers growing increasingly concerned about the economy and home prices increasing more, pending home sales slumped at the end of 2018, according to new data from the National Association of Realtors. The NAR’s Pending Home Sales Index is said to be a key forward-looking indicator of real estate market activity, based on contract signings.
NAR forecasts better days for real estate in 2019
January 4, 2019 by
The National Association of Realtors has just published its latest housing report, showing that pending home sales fell slightly in November. However, the NAR says a reversal is within sight and that it is optimistic about the state of housing in 2019. The NAR’s Pending Home Sales Index is often seen as an important forward-looking
Home sales hit hard by low housing inventory supply
September 1, 2017 by
Last month saw the number of new contract signings slump quite dramatically, as the industry suffers from an acute shortage of available housing inventory, the National Association of Realtors said on Thursday. The NAR’s Pending Home Sales Index, which is a forward-looking indicator based on contract signings, found that the only U.S. region to see
Expenses You Should Be Aware of When Selling Your Home
December 8, 2016 by
Selling a property is a big decision to make and most sellers only focus on the price they will get for their former residence. However, when you sell a property, you should
