Pending home sales reverse course

After declining for three straight months, pending home sales recovered in June as all major regions, except for the Midwest, saw an increase in contract activity, according to the National Association of.

* The Pending Home Sales Index is a leading indicator for the housing sector, based on pending sales of existing homes. A sale is listed as pending when the contract has been signed but the transaction has not closed, though the sale usually is finalized within one or two months of signing.

Pending home sales have risen each month year-over-year for 12 straight months, however, there are several looming “speed bumps” that could have an adverse impact on housing in the near future,

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*The Pending Home Sales Index is a leading indicator for the housing sector, based on pending sales of existing homes. A sale is listed as pending when the contract has been signed but the transaction has not closed, though the sale usually is finalized within one or two months of signing.

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From the NAR: Pending Home Sales Reverse Course in February, Rise 3.1 Percent Pending home sales snapped back in much of the country in February, but weakening affordability and not enough inventory on the market restricted overall activity compared to a year ago, according to the National Association of Realtors®.

Existing Home Sales Reverse Course, Down 3% May 24 2018, 10:49AM Existing home sales put an end to two straight months of gains , retreating in April on both a monthly and annual basis.

Good news, buyers: The latest real estate report from the Northwest Multiple Listing. and there was a 5.8% gain in pending sales. Of course, according to NWMLS director John Deely, principal.

Pending home sales reversed course with an increase in June, according to the latest report from the National Association of Realtors. The Pending Home Sales Index, a forward-looking indicator.

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After falling for three straight months, existing home sales reversed course in September, posting an increase, according to the latest report from the National Association of Realtors. Total.