Tag Archive for ‘NAR’

Existing Home Sales Jumped in February

After three consecutive months of decline, existing home sales, released by the National Association of Realtors, rebounded strongly in February. This is the largest monthly gain since December 2015. Total Existing home sales, including single-family homes, townhomes, condominiums and co-ops, rose 11.8% to a seasonally adjusted annual rate of 5.51 million in February, the highest level in the past eleven… Read More ›

Pending Home Sales Bounce Back in January

After hitting to its lowest level since early 2014 last month, pending home sales rebounded in January. The Pending Home Sales Index (PHSI), reported by the National Association of Realtors (NAR), is a forward-looking indicator based on signed contracts. The PHSI increased 4.6% from 98.7 in December to 103.2 in January, but was still 2.3% below the level one year… Read More ›

Existing Home Sales Dropped for the Third Straight Month in January

Existing home sales dropped for the third straight month in January, according to the latest report from the National Association of Realtors. This is the lowest level in recent three years. Total Existing home sales, including single-family homes, townhomes, condominiums and co-ops, decreased 1.2% to a seasonally adjusted annual rate of 4.94 million in January, the lowest level since November… Read More ›

Pending Home Sales Down Again in December

Following a decline in November, pending home sales decreased in December to its lowest level since early 2014. The decline occurred despite hopes for stabilization with lower rates. The Pending Home Sales Index (PHSI), reported by the National Association of Realtors (NAR), is a forward-looking indicator based on signed contracts. The PHSI decreased 2.2% from 101.2 in November to 99.0… Read More ›

Existing Home Sales Decline Sharply in December

Total existing-home sales, released by the National Association of Realtors, decreased 6.4% to a seasonally adjusted rate of 4.99 million in December, after two consecutive months of increase. Compared with a year ago, sales decreased 10.3% in December, the lowest level since November 2015. Total existing home sales include single-family homes, townhomes, condominiums and co-ops. The first-time buyer share slightly… Read More ›

Existing Home Sales Increase in November

Total existing-home sales, released by the National Association of Realtors, increased 1.9% from October to a seasonally adjusted rate of 5.32 million in November. Despite the monthly rise, sales decreased 7.0% from a year ago in November, the biggest drop since May 2011, indicating the housing market continued to sputter due to the rising mortgage rate and tight inventory. Total… Read More ›

June Pending Home Sales Rise on Gains in the Northeast and the Midwest

According to the National Association of Realtors’ Pending Home Sales Index (PHSI), nationwide, signed contracts for existing homes inched up 0.2% over the month of June 2016. The PHSI is forward looking indicator for contracting closings (i.e. existing home sales). June marks the fourth monthly increase in the PHSI over the past five months. Over the year, the PHSI rose… Read More ›