Pending home sales rise for 15th straight month

The National Association of Realtors (NAR) Wednesday morning released its data on pending sales of existing homes for the month of February. above 100 (the “average” reading) for 40 straight months.

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The number of people who signed contracts to buy homes rose in August for the second straight month. The sales report was driven by a nearly 7 percent jump in the South, a 6 percent increase in the.

Pending home sales missed expectations in March, dropping 4.4% YoY (the 4th straight month of declines. Pending Home Sales Decline For 4th Straight Month, Weather Blamed. by Tyler Durden. Mon, 04/30/2018 – 10:17. 0. SHARES.

Fewer Americans signed contracts to buy U.S. homes in August, the third straight decline. The drop could mean that higher mortgage rates are starting to deter some buyers. The National Association of Realtors said Sept. 26 that its seasonally adjusted index for pending home sales declined 1.6 percent to 107.7 last month. The index has fallen for three straight months after reaching a 6 ½-year.

A "pending home sale" is a home under contract to sell, but not yet closed. The forward-looking Pending Home Sales Index is up 11 percent from its low of the year, according to the National Association of REALTORS, and well ahead of its rolling 6-month average.

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The Pending Home Sales Index (PHS) ticked up from April to May by 1.1 percent but remains 0.7 percent below 2018 levels, marking the 17th straight month of year-over-year decreases, according to.

Pending Home Sales Rise For 3rd Straight Month Buyers are writing contracts at a furious pace nationwide. On a seasonally-adjusted basis, the Pending Home Sales index rose 2 percent last month to reach its highest level since March.

WASHINGTON – Pending home sales rose in May for the fourth straight month. April and the fact that May sustained this rise does indicate that actual existing home sales are poised to rise in the.

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Pending Sales Rise for 4th Straight Month. Pendingsales in the U.S. are continuing their upward trend. For the fourth consecutive month, the Pending Home Sales Index rose for residential homes. This index measures signed contracts on homes for sale. Low interest rates, mor affordable home prices.

The Pending Home Sales Index (PHS) ticked up from April to May by 1.1 percent but remains 0.7 percent below 2018 levels, marking the 17th.