Pending Home Sales Slipped In December

Pending Home Sales Slipped In December

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%….

Pending Sales Continue Rising As 2025 Approaches
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Pending Sales Continue Rising As 2025 Approaches

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…

Pending Sales Soared In September On Lower Rates

Pending Sales Soared In September On Lower Rates

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 Sales Improved Post Fed Rate Cut

Pending Sales Improved Post Fed Rate Cut

Home sale activity is finally rising in some areas of the country as buyers take advantage of a cooling rate period. Pending home sales rose 2% YOY in the four weeks ending October 6, Redfin reported. This is the biggest increase in three years. Early-stage demand indicators are also improving, with tours and other buying…

Consumer Sentiment Sees A Boost As Rates, Prices Moderate

Consumer Sentiment Sees A Boost As Rates, Prices Moderate

Homebuyers are feeling slightly more optimistic about the market as mortgage rates ease. Fannie Mae’s Home Purchase Sentiment Index (HPSI) rose 3.7 points in December. Three of its six components improved from the month prior as more consumers said they expect rates and home prices to drop. After weeks of declines, rates inched up in…

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