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Home | Tag Archives: Pending Home Sales

Tag Archives: Pending Home Sales

Interest Rate Declines Continue into February

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 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

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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Aug New Home Sales Recover From July Plunge

Aug New Home Sales Recover From July Plunge

Builders lowered prices and buyers responded in August, pushing new home sales up 7.9 percent to 421,000, reversing almost half of July’s 64,000 drop in sales, the Census Bureau and Department of Housing and Urban Development reported Wednesday. Economists surveyed by Bloomberg expected June sales to rise to 425,000 from July’s originally reported 394,000.

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August Existing Home Sales At Pre-Recession High

August Existing Home Sales At Pre-Recession High

Existing home sales rose an unexpected 6.5 percent in to an annual sales rate of 5.48 million, the highest level since August 2007 ten months before the onset of the Great Recession -- the National Association of Realtors reported Thursday. Economists surveyed by Bloomberg expected existing home sales to drop to 5.

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July Pending Home Sales in Steepest Drop So Far This Year

July Pending Home Sales in Steepest Drop So Far This Year

The Pending Home Sales Index (PHSI) slipped 1.3 percent in July, the steepest decline this year, to 109.5, the National Association of Realtors reported Wednesday. Economists had expected the index for July would drop to 109.8, which would have been a 1.0 percent decline from June's 110.9. The June index was unchanged. NAR economist Lawrence Yun cited higher prices as affecting new contracts. ""Higher mortgage interest rates and rising home prices are impacting monthly contract activity in the high-cost regions of the Northeast and the West,"" Yun offered as an explanation for the drop in the PHSI.

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