Pending home sales hit two-year high: NAR

Pending home. Sales rose 1.9% in the West to 102.7. “Demand exceeds supply in most markets, which is keeping price growth high and essentially eliminating any savings buyers would realize from the.

The National Association of Realtors (NAR) said the Pending Home Sales Index. “It's inevitable for sales to turn higher in a few months.”. Year-over-year contract signings fell 2.0% for the 16th straight month of annual decreases.. at 3.1% · Jobless Claims Hit Consensus Forecast at 215K for May 25.

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Contracts to buy previously owned U.S. homes rose in November to their highest level in 2-1/2 years, an industry group said on Friday, further evidence of a strengthening housing market recovery.

Servicers Can Modify Current Loans, Fannie Mae Says WASHINGTON (MarketWatch) – Big banks struggling with stalled mortgage modifications face a new hurdle – tighter standards due to take effect in just over two months from housing giants Fannie Mae..

Although today’s homebuilder "confidence" index hit a 10-year high. built in to the NAR’s data when it is reported. For instance, June’s existing home sales report reflects contracts which were.

Fewer americans signed contracts in July to buy previously owned homes, a sign that rising mortgage rates are starting to slow momentum in the housing market. The index of pending home sales dropped ..

Pending home sales hit 3-year low.. The Pending Home Sales Index fell 4.7% to 104.6 in January from the revised 109.8 in December, according to the National Association of Realtors (NAR)..

Pending home sales were up 12.4 percent in the 12 months to July. “All regions saw monthly increases in home-buying activity except for the West, which is now experiencing an acute inventory shortage,

Right to Rent could change the nation’s foreclosure crisis: CEPR In the wake of reform enacted to promote homeownership, analysts at the Center for Economic and Policy Research are saying that ownership may not be the smartest option. In a report released today, The Gains from Right to Rent in 2010, the CEPR suggests that giving homeowners the right to rent their house at a fair market price could be a game changer in the nation’s foreclosure crisis.

Economic Collapse News - Pending Home Sales Crash 10% Trouble Brewing for the U.S. Housing Market WASHINGTON (Reuters) – Pending sales of previously owned U.S. homes raced to a two-year high in July, a real estate trade group. of a first-time buyer tax credit,” said Lawrence Yun, NAR chief.

5 distressed sales (foreclosures and short sales), days on market, first-time buyers, all-cash transactions and investors are from a monthly survey for the NAR’s realtors confidence index, posted at NOTE: NAR’s Pending Home Sales Index for April is scheduled for release on May 30, and Existing-Home Sales for May will be.

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REUTERS/Richard Clement Pending home sales hit an 18-month high in January. Pending home sales bounced back. In a release, Lawrence Yun, NAR chief economist, said that "for the most part buyers in.

The NAR pending home sales index – which measure contract signings on homes – increased 4.5% to 105.9 in January, compared to a score of 101.3 in December. That index score is also still 9.5%.