NAR: Pending home sales up 10.3% from last year

hopefuls a last. back up as a result of improved affordability as well as the possibility of more limited inventory.

Year-over-year the pending homes sales index decreased 2.5% from last June, when the index was 109.6. IFR Markets predicted the index would be up 0.1%. Regionally, pending sales were higher.

Existing-Home Sales Hit Highest Numbers Since Recession. in the Northeast, down 10.3% from March but up 13% from a year earlier.. However, in a bright spot for buyers, they were up 15.1% over the same month last year.. a faster economic and housing recovery," NAR's Chief Economist Lawrence.

Home sales fell sharply in the second half of 2018, culminating in an especially bleak December: Existing-home sales in the US fell 10.3% from last year, the steepest decline in more than seven. Historically, the US pending home sales Index troughed in the aftermath of the US Housing Crisis.

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The National Association of Realtors (NAR) reported that its Pending Home Sales Index (PHSI) was up reached 105.4 in May, up 1.1 percent from 104.3 in April. Compared to last year, contract signings dropped by 0.7 percent-May is the 17th straight month of annual decreases.

The median price in the Northeast was $261,400, up 3% compared with November of last year. In the Midwest, existing-home sales fell 6.3% to an annual rate of 1.33 million in December and were 1.5%.

The National Association of Realtors (NAR) Pending Home Sales. increased sales activity as we enter the summer.” Freddie Mac reported that the 30-year fixed-rate mortgage (frm) averaged 3.99.

 · pending home sales continued to inch higher in April with the National Association of Realtors Pending Home Sales Index rising slightly to an index score of 106, a.

The month was 5.3% ahead of June 2018 and an impressive 37.6% ahead of last. For the first six months of the year sales are up 10.3% and the median sale.

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KEYWORDS Home Price NAR National Association of Realtors Pending Home Sales. Yun explained. Sales of homes under $100,000 decreased 7.2% from last year, and sales of homes priced between $100,000.

The National Association of Realtors (NAR) seasonally adjusted pending home sales index. in closings in May compared to a year ago. Sales of homes under $100,000 last month were down 7.2 percent.

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