Tag Archive for ‘pending home sales’

Pending Sales Strong: First-Time Buyers Join In?

The Pending Home Sales Index increased 3.1% in February, and was up 12.0% from the same period a year ago. The Pending Home Sales Index (PHSI), a forward-looking indicator based on signed contracts reported by the National Association of Realtors (NAR), increased to 106.9 in February, up from a downwardly revised 103.7 in January. The PHSI increased year-over-year for the… Read More ›

Pending Sales Resume Upward Trend

The Pending Home Sales increased 1.7% in January, and was up 8.4% from the same period a year ago. The Pending Home Sales Index (PHSI), a forward-looking indicator based on signed contracts reported by the National Association of Realtors (NAR), increased to 104.2 in January, up from an upwardly revised  102.5 in December. The PHSI increased year-over-year for the fifth… Read More ›

Pending Sales Tumble

The Pending Home Sales Index decreased 3.7% in December, but was up 6.1% from the same period a year ago. The Pending Home Sales Index (PHSI), a forward-looking indicator based on signed contracts reported by the National Association of Realtors (NAR), decreased to 100.7 in December, down from a downwardly revised 104.6 in November. The PHSI also declined sharply in December… Read More ›

Pending Sales Trend Down

Although pending home sales decreased 1.1% in October, the index was up from the previous year. The Pending Home Sales Index (PHSI), a forward-looking indicator based on signed contracts reported by the National Association of Realtors (NAR), decreased to 104.1 in October, down from an upwardly revised 105.3 in September. The October index was up 2.2% from the same month… Read More ›

Pending Sales Trend Up

Pending home sales increased 0.3% in September, suggesting continued steady improvement in existing sales. The Pending Home Sales Index (PHSI), a forward-looking indicator based on signed contracts reported by the National Association of Realtors (NAR), increased to 105.0 in September from 104.7 in August. The September reading was up 1.0% from the same month a year ago, and pending sales… Read More ›

Investors Pause Pending

Pending home sales decreased 1.0% in August, reflecting the gradual withdrawal of investors as the supply of distressed properties at bargain prices continues to decline. The Pending Home Sales Index (PHSI), a forward-looking indicator based on signed contracts reported by the National Association of Realtors (NAR), decreased to 104.7 in August from 105.8 in July. The August reading was down… Read More ›

Pending Sales Resume Upward Trend

Pending home sales increased 3.3% in July, climbing four of the last five months. The Pending Home Sales Index (PHSI), a forward-looking indicator based on signed contracts reported by the National Association of Realtors (NAR), increased to 105.9 in July from a downwardly revised June level of 102.5. The July reading was down 2.1% on a year-over-year basis. The July… Read More ›

Pending Sales Skip a Beat

Pending home sales fell 1.1% in June, breaking a three month streak of improvement after a dismal winter. The Pending Home Sales Index (PHSI), a forward-looking indicator based on signed contracts reported by the National Association of Realtors (NAR), decreased 1.1% in June to 102.7 from a downwardly revised May level of 103.8. The June reading was down 7.3% on… Read More ›

Eye on the Economy: Home Sales Surge after Slow First Quarter

Housing news continued to improve as pending home sales surged following a slow first quarter. Home prices also continued to move higher but at a more moderate pace, suggesting the extra push caused by investors may be slowing. Economic news, however, was mixed. Consumer confidence increased in response to improving labor market conditions. On the other hand, new estimates from… Read More ›

Housing Kicks into Gear

Pending home sales in May posted the largest monthly increase since the expiration of the first-time home buyer tax credit in April 2010. The Pending Home Sales Index (PHSI), a forward-looking indicator based on signed contracts reported by the National Association of Realtors (NAR), increased 6.1% in May to 103.9 from an upwardly revised April level of 97.9. It is… Read More ›