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Tag Archives: Pending Home Sales

Pending Home Sales See October Decline

Pending home sales declined month-to-month in October but remained higher than they were a year ago, according to the latest Pending Home Sales Index from the National Association of Realtors (NAR).

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August Sees Drop in Pending Home Sales

The drop in the pending sales measure came in the same month that the association reported a dip in existing home sales. According to NAR, sales of existing homes in August were at a seasonally adjusted annual rate of 5.05 million, down 1.8 percent from July.

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Rise in Pending Home Sales Reported for July

Though pending sales were down 2.1 percent compared to a year ago, July's figure was the highest since August 2013 and was the third straight month in which the index measured above 100, a value NAR considers to be an average level of contract activity.

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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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New Housing Data Reveals Positive 2013 for Florida

New housing data released by Florida Realtors shows a positive 2013 for closed and pending sales. The closed sales for existing single-family homes totaled 227,411, up 11.8 percent from 2012. Pending sales figures were also positive, up 17.6 percent compared to 2012.

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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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Home-Selling Speeds Down in December

Redfin reports the median time on market for homes in its 21-city survey was 35 days in December, up three days from November. The median time on market in December 2012 was 30 days, according to the company.

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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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