Tag Archives: Pending Home Sales Index (PHSI)

However, while monthly numbers show a short-term improvement, the National Association of Realtors found the market to be down nearly 25% year-over-year.

A new report from the National Association of Realtors shows pending home sales numbers improving on a monthly basis for the first time in six months. Click through to read Chief Economist Lawrence Yun’s thoughts on the matter.

The Pending Home Sales Index (PHSI), which measures housing contract activity, again fell in August, the third month in a row and the ninth time it has fallen this year. In addition, three out of the four major regions in the ...

The Pending Home Sales Index (PHSI), which measures housing contract activity, again fell in July, the second month in a row and the eighth time it has fallen this year. In addition, three out of the four major regions in ...

Despite intense buyer demand, February marked the fourth consecutive month of declines seen in overall pending home sales nationwide.

NAR found that pending sales lagged again in January, and predicts a volatile market moving ahead in 2022.

Month-over-month, contract signings fell 2.3% in September from August, and slid 8% year-over-year, as NAR reports nominal house price growth has been outpacing house-buying power with rates on the rise.

Buyers may be returning to the market, but millennials and other first-time buyers continue to grapple with still-record-high prices.

Short supply spells greater seller profit at the closing table as homes continue to sell at a record clip.

Low housing inventory in Q1 is keeping more homebuyers on the sidelines, with would-be buyers shunned by a lack of affordable options.