Tag Archive for ‘pending home sales’

Pending Home Sales Decline in October

After hitting a nearly two-year high last month, pending home sales fell slightly but remained solid in October. 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 1.7% from 108.6 in September to 106.7 in October. However, sales were still 4.4% higher than a… Read More ›

Pending Home Sales Rebound in August

After an unexpected decline in previous month, pending home sales rebounded in August, largely led by gains in the West. 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 1.6% from 105.6 in July to 107.3 in August, the second-highest level since 2018. On… Read More ›

Pending Home Sales Rebound in May

After a minor dip in April, pending home sales rebounded in May, mainly driven by the lower 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 rose 1.1% from 104.3 in April to 105.4 in May, but was still 0.7% below the level… 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 Fall in November

Pending home sales declined slightly in November on an annualized basis for the eleventh straight month. The Pending Home Sales Index decreased by 0.7% from 102.1 in October to 101.4 in November, and was 7.7% below the level one year ago. The Pending Home Sales Index (PHSI) is a forward-looking indicator based on signed contracts reported by the National Association… Read More ›

Pending Home Sales Stabilize

Pending home sales increased in September, but have decreased on an annual basis for nine consecutive months. The Pending Home Sales Index increased 0.5% in September, but remains down 1.0% year-over-year. The Pending Home Sales Index (PHSI) is a forward-looking indicator based on signed contracts reported by the National Association of Realtors (NAR). The PHSI increased to 104.6 in September,… Read More ›

Pending Home Sales Continue to Slide

Pending home sales have decreased on an annual basis for eight consecutive months, and have declined month over month in four of the past five months. The Pending Home Sales Index decreased 1.8% in August, and is now down 2.3% year over year. The Pending Home Sales Index (PHSI) is a forward-looking indicator based on signed contracts reported by the… Read More ›

Pending Home Sales Follow Uptick in June Inventory

Following the June increase in existing inventory, the Pending Home Sales Index increased 0.9% in May, but remains 2.5 % below the level one year ago. The Pending Home Sales Index (PHSI) is a forward-looking indicator based on signed contracts reported by the National Association of Realtors (NAR). The PHSI increased to 106.9 in June from 105.9 in May. The… Read More ›

Pending Home Sales Continue Slide in May

The Pending Home Sales Index decreased 0.5% in May, and remains 2.2 % below the level one year ago, having declined on an annualized basis for the fifth straight month. The Pending Home Sales Index (PHSI) is a forward-looking indicator based on signed contracts reported by the National Association of Realtors (NAR). The PHSI decreased to 105.9 in May from… Read More ›