Tag Archive for ‘pending home sales index’

Pending Home Sales See Biggest Increase on Record in May

After two months of sharp decline, pending home sales surged the most on record in May, as homebuyers rushed back to the market after the phased reopening of the economy. 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 edged up 44.3% from 69.0 in… Read More ›

Pending Home Sales Sank 20.8% in March

After hitting 3-year high in February, pending home sales plunged sharply to its lowest level in March since May 2011, as coronavirus pandemic shut down most economic activity. 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 sank 20.8% from 111.4 in February to 88.2… Read More ›

Pending Home Sales Reach 3-Year High Before Virus Outbreak

Following an 5.3% increase in January, pending home sales continued to trend higher in February, supported by low mortgage 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 grew 2.4% from 108.9 in January to 111.5 in February, the highest reading in three years…. Read More ›

Pending Home Sales Hit 21-month High in September

Benefitting from lower mortgage rates, pending home sales increased for the second straight month in September. 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 rose 1.5% from 107.1 in August to 108.7 in September, highest level since December 2017. On a year-over-year basis, sales… Read More ›

Pending Home Sales Fall Despite Lower Mortgage Rates

After two straight monthly gains, pending home sales unexpectedly dropped in July. 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 fell 2.5% from 108.3 in June to 105.6 in July, largest monthly drop since March 2018. On a year-over-year basis, sales were 0.3% lower… Read More ›

Pending Home Sales Slide in April

After a large gain in March, pending home sales slightly dropped in April. 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 fell 1.5% from 105.9 in March to 104.3 in April, and was still 2.0% below the level of one year ago, marking the… Read More ›

Pending Home Sales Climbed in March

Pending home sales bounced back in March, after a minor slip in February. 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 rose 3.8% from 101.9 in February to 105.8 in March, but was still 1.2% below the level one year ago, marking the fifteen… Read More ›

Pending Home Sales Down Slightly in February

Pending home sales fell slightly in February, after a solid gain 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 declined 1.0% from 102.9 in January to 101.9 in February, and was 4.9% below the level one year ago, marking the fourteenth straight… 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 ›

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 ›