Tag Archive for ‘pending home sales’

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 ›

Pending Home Sales Remain 9% Down Year-Over-Year

The Pending Home Sales Index (PHSI), a forward-looking indicator based on signed contracts, increased a slight 0.4% in April to 97.8 from a March level of 97.4. The PHSI monthly increase reported by the National Association of Realtors was the second since June of 2013. However, it is important to note that the April reading was down 9.2% on a year-over-year basis…. Read More ›

Pending Sales Change Course

The Pending Home Sales Index (PHSI), a forward-looking indicator based on signed contracts, increased 3.4% in March to 97.4 from an upwardly revised February level of 94.2. The PHSI monthly increase reported by the National Association of Realtors was the first since June of 2013, although it remains 7.9% below the level of 105.7 last March. The March PHSI increased… Read More ›

Weather or Not

The Pending Home Sales Index (PHSI), a forward-looking indicator based on signed contracts, ticked up 0.1% in January, following a revised 5.8% drop in December, which was the lowest since the 94.6 reported in November 2011. The January 2014 PHSI reported by the National Association of Realtors (NAR) was 9.0% lower than the same period a year ago. The January… Read More ›

Pending Home Sales in Deep Freeze

The Pending Home Sales Index (PHSI), a forward-looking indicator based on signed contracts, fell 8.7% in December to 92.4, from a downwardly revised 101.2 in November. The December 2013 PHSI reported by the National Association of Realtors (NAR) was 8.8% lower than the same period a year ago, and was the lowest since October 2011. The December PHSI fell in… Read More ›

Pending Home Sales Down but Stable

The Pending Home Sales Index (PHSI), a forward-looking indicator based on signed contracts, fell a slight 0.6% in October from an upwardly revised 102.7 in September. The October 2013 PHSI reported by the National Association of Realtors (NAR) was 1.6% lower than the same period a year ago. The October PHSI increased 2.8% in the Northeast and 1.2% in the… Read More ›

Pending Home Sales Experience Significant Decline

The Pending Home Sales Index (PHSI), a forward-looking indicator based on signed contracts, fell a steep 5.6% in September 2013 to 101.6 from a downwardly revised 107.6 in August. The September 2013 PHSI reported by the National Association of Realtors (NAR) was 1.2% lower than the same period a year ago. The September PHSI decreased sharply in three regions: 9.6%… Read More ›