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Pending home sales rose in May, but economists say it's just a blip

By Mike Wheatley | June 28, 2022
Pending home sales increased in May, breaking a streak of six successive monthly declines, but the National Association of Realtors said it is likely a blip and that sales will continue to fall as the year progresses. The NAR’s latest data shows that contract signings, which are a forward indicator of home sales based on […]
Home Sales

NAR: Pending home sales fall in November

By Mike Wheatley | December 31, 2021
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 […]
Home Sales

Unexpected fall in pending home sales in September

By Mike Wheatley | November 2, 2021
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 […]
Home Sales, Housing

Surprising jump in pending home sales suggests buyers are making a comeback

By Mike Wheatley | October 4, 2021
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 […]
Home Sales

Pending home sales fall by 21% in April

By Mike Wheatley | June 3, 2020
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, […]
Home Sales, US Real Estate

NAR says contract signings fell 16% in March

By Mike Wheatley | May 1, 2020
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 […]
Home Sales

NAR: Pending home sales rose in February

By Mike Wheatley | April 2, 2020
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 […]
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