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Home | Tag Archives: Pending Home Sales

Tag Archives: Pending Home Sales

Pending Home Sales Surge in May

The National Association of Realtors' Pending Home Sales Index (PHSI), which measures contract signings as an indicator of future sales figures, jumped 6.1 percent month-over-month to 103.9. It was the largest one-month increase since April 2010, when the index spiked 9.6 percent as first-time buyers moved to sign purchase contracts to qualify for the First-Time Homebuyer Tax Credit.

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Pending Home Sales Creep Up 0.4% in April

The National Association of Realtors (NAR) recorded a 0.4 percent gain in its Pending Home Sales Index (PHSI) for April, bringing it up to 97.8. A measure of contract signings, the index serves as a forward-looking indicator for future sales activity.

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Pending Home Sales Pickup After Rough Winter

According to the latest release, NAR’s Pending Home Sales Index (PHSI) rose to 97.4 last month, up 3.4 percent from February’s upwardly revised 94.2. It was the first real pickup in the last nine months, the association said. NAR’s chief economist, Lawrence Yun, said the increase was expected with the end of last season’s severe weather.

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Interest Rate Declines Continue into February

In its weekly published Primary Mortgage Market Survey, Freddie Mac put the average 30-year fixed mortgage rate at 4.23 percent (0.7 point) for the week ending February 6, down from 4.32 percent previously. Meanwhile, Bankrate reported a drop of 7 basis points in the 30-year fixed average to 4.43 percent, with the 15-year fixed falling 6 points to 3.50 percent.

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Pending Home Sales Fall to Two-Year Low

Pending home sales fell in December to their lowest level since October 2011, according to numbers tracked by the National Association of Realtors. NAR chief economist Lawrence Yun said there were several factors at play in last month’s falloff in contracts—not the least of which was onset of harsh winter storms.

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Pending Sales Slip to Lowest Reading in Nearly a Year

Pending sales of existing homes fell a bit further in October, according to the National Association of Realtors (NAR). The trade group's Pending Home Sales Index is a forward-looking indicator; derived from contract signings, rather than closed sales, pending sales figures typically lag actual sales by one to two months. October's reading was the lowest recorded by NAR since last December and marked the fifth consecutive monthly decline.

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Slow Quarter Ahead Judging from Pending Home Sales

September's pending home sales point to a slow quarter during the final three months of the year. The National Association of Realtors says the numbers show buyers are struggling with declining levels of housing affordability. The trade group's pending sales index is a forward-looking indicator that's based on contract signings, not closings, and it has now fallen for four straight months.

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