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WASHINGTON (MarketWatch) — Boosted by low interest rates and prices, pending sales of existing homes rose in June for the fifth straight month, the longest streak of gains since 2003, a real estate.
"Pending home sales underperformed once again in May, declining for the second straight month and coming in at the second-lowest level over the past year," says Lawrence Yun, chief economist.
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A forward-looking indicator of US home sales unexpectedly fell in May declining for the second consecutive month data on Wednesday showed. The pending home sales index, or signed contracts for.
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Get The Motley Fool’s 5 Free Stocks to Build Wealth Report.. Pending Home Sales Rise for Third Straight Month. pending home sales have been on the rise for the past 19 months.
NEW YORK (Reuters) – Shares of major U.S. homebuilders rose on Monday after the National Association of Realtors reported that pending sales of existing U.S. homes rose in March for a second straight.
The National Association of Realtors’ Pending Homes sales index rose 3.8 percent from February to March, breaking a 15-month streak of straight drops.. pending home sales rise for first time in. Seattle home sales rose from a year ago for the 12th straight month in June, according to real estate analytics firm DataQuick.More than 4,800 new and.
· With home price growth at the slowest rate since 2012, rates falling, and existing home sales having rebounded notably, pending home sales are expected to slow very modestly in February after rebounding in January, but they fell more than expected.. Pending Home Sales fell 1.0% MoM (against expectations of a 0.5% decline) Lawrence Yun, NAR chief economist, is (surprise, surprise).
· Sales of new single-family houses in the United States jumped 7 percent from the previous month to a seasonally adjusted annual rate of 646 thousand in June 2019, following two straight months of decline and compared to market expectations of a 6 percent increase. New Home Sales in the United States averaged 650.17 Thousand units from 1963 until 2019, reaching an all time high of.
Before seasonal adjustment, the National Index posted a month-over-month gain of 1.0% in April. READ MORE . May pending home sales down 0.5 percent from April and 2.2 percent year-on-year. pending home sales decreased 0.5 percent in May and have now fallen on an annualized basis for the fifth straight month.
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