pending home sales Archive

WATCH: July Housing Minute

  Homes continued to sell quickly in June, but the lean inventory levels in many markets caused existing-home sales to shift downward. The news was better for pending home sales, as contract activity increased last month for the first...

Contract Activity Declines for Second Straight Month in April

The “double-whammy” of severely inadequate inventory conditions and home prices far outpacing incomes caused contract signings to slide last month. I sat down with NAR Chief Economist Lawrence Yun to discuss the reasoning behind the pending sales slowdown, what...

WATCH: Lawrence Yun Discusses March Pending Sales, Inventory and Lumber

After last week’s report of a solid 4.4 percent jump in existing-home sales in March, signed contracts to purchase homes split the other way, inching backward 0.8 percent. The reason, according to NAR Chief Economist Lawrence Yun, is simple:...

October Pending Sales Up Slightly. What About the Rest of the Year?

Last month, pending home sales eked out a small gain (0.1 percent). More notably, NAR Research’s index was 1.8 percent higher than a year ago and was up year-over-year in all four major regions. But… A lot has happened since...
November 30, 2016

Pending Home Sales Tick Up in June

The anticipated boost of more buyers signing the dotted line did not come to fruition in June despite mortgage rates near all-time lows. Pulled higher mostly by a solid rise in the Northeast, pending home sales last month only squeaked...

This Year’s Spring Market: Better than Expected

The data emphatically shows the housing market keeps on getting stronger this spring. After last week’s report on existing-home sales rising 1.7 percent in April, we announced this morning that pending home sales (signed contracts) last month jumped 5.1 percent...

March Pending Home Sales Recap: The Wild West

The chart above likely means two completely different things if you’re a homeowner in the West compared to a prospective buyer. It was reported in yesterday’s release of March Pending Home Sales that last month’s increase signaled a solid...

In Which Direction Will Sales Swing This Spring?

Is today’s solid report on February contract signings a harbinger of a strong spring for the housing market? It could be. Pending home sales rose solidly last month (3.5%) to the highest index reading since last July (109.8). The decent...

Is Economic Weakness Causing Housing to Slow?

Just a blip? Or is the housing market starting to cool off from the robust activity seen earlier this year? That’s the question many may be asking after NAR Research’s Pending Home Sales Index (PHSI) declined in September (-2.3%)...

Pending Home Sales Fall, But Up Year-Over-Year:

In general, “fall” and “retreat” aren’t words that inspire confidence in anyone who pays close attention to real estate markets, but the National Association of Realtors® offered a silver lining in the release of August’s pending home sales. Yesterday...
September 29, 2015