Pending sales sank to their lowest level on record due to high rates and severe weather. NAR’s Pending Home Sales Index decreased 4.6% from December to a reading of 70.6. An index of 100 equals the level of contract activity in 2001 when NAR began tracking this data. The decrease is much larger than expected…
Pending sales reversed a four-month upward swing in December, falling across the country as Americans headed toward 2025. NAR’s Pending Home Sales Index decreased 5.5% from November to a reading of 74.2. An index of 100 equals the level of contract activity in 2001 when NAR began tracking this data. Year-over-year, sales were down 5%….
Both new and pending home sales saw a significant boost in November as inventory corrected and buyers adjusted to 6%-plus interest rates. New home sales increased a whopping 5.9% to a seasonally adjusted annual rate of 664,000, according to data from the U.S. Census Bureau and the Department of Housing and Urban Development. Year-over-year, they…
New home sales slipped to a two-year low in October, while pending sales rose across the board, pointing to improving pre-owned activity. New home sales fell a whopping 17.3% to a seasonally adjusted annual rate of 610,000, according to data from the U.S. Census Bureau and the Department of Housing and Urban Development. Year-over-year, they…
Buyers and sellers continued to make waves in October, riding the high from September’s cooling rates and increased inventory. New listings lead to significant pending home sales bumps, with the biggest gains seen in Boston (+25.7%), San Diego (+22.1%), and Seattle (+50.5%), according to Realtor.com’s October Monthly Housing Report. The report notes that the rise…
Pending home sales rode the low-rate wave in September, continuing an upward trend. NAR’s Pending Home Sales Index increased 7.4% month-over-month to a reading of 75.8, besting a 0.6% bump in August to reach its highest level since March. An index of 100 is equal to the level of contract activity in 2001, when NAR…
Pending home sales ticked up in August, reversing a downturn. NAR’s Pending Home Sales Index increased by 0.6% month-over-month to a reading of 70.6, recovering somewhat after falling to its lowest level on record in July. An index of 100 is equal to the level of contract activity in 2001, when NAR began tracking this…
Pending home sales slipped last month, overriding a surprise June uptick. NAR’s Pending Home Sales Index fell by 5.5% month-over-month to a reading of 70.2 in July, its lowest level on record. An index of 100 is equal to the level of contract activity in 2001, when NAR began tracking this data. Year-over-year, sales were…
Pending home sales recovered from an unexpected downturn in June, besting economists’ estimates. NAR’s Pending Home Sales Index rose by 4.8% month-over-month to a reading of 74.3 last month, jumping after May’s slip to its lowest level on record. An index of 100 is equal to the level of contract activity in 2001. This is…
Pending home sales unexpectedly fell in May, hitting an all-time low. NAR’s Pending Home Sales Index fell by 2.1% month-over-month to a reading of 70.8 last month, its lowest level on record. An index of 100 is equal to the level of contract activity in 2001. Year-over-year, sales were down 6.6%. The drop came as…
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