Eye On Housing
Pending homes sales bounced back strongly in October, more than recovering the ground lost through declines over the past three months. The National Association of Realtors (NAR) announced a 10.4% increase in the Pending Home Sales Index (PHSI) in October, rising to 93.3. This follows a decrease of 4.6% in September and modest declines in July (1.2%) and August (1.3%)…. Read More ›
Tag Archive for ‘housing’
Existing Home Sales Held Back By Increasing Contract Cancellations
Existing home sales continue to drift sideways, with a high rate of contract failures holding back a recovery. The National Association of Realtors reported a modest, 1.4% increase in existing home sales in October, creeping up to a seasonally adjusted annual rate of 4.97 million units. The increase recovers only part of the 3% decline in September. Although existing home… Read More ›