Pending home sales declined to four-year low in October

Pending home sales declined to four-year low in October

The group’s index of pending home sales slipped to a reading of 102.1 in October, a decline of 2.6 per cent from September. Contract signings were down 6.7 per cent on a year-over-year basis.

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1% decline missed Wall Street forecast of a .8% rise. pending sales dropped despite lowest. which would translate into the data reported in the NAR’s existing home sales reports primarily in.

Pending Home Sales in the United States averaged 0.71 percent from 2002 until 2019, reaching an all time high of 30.90 percent in October of 2009 and a record low of -24.30 percent in April of 2011. Pending Home Sales Index is based on sales of existing homes where the contract has been signed but the transaction has not been closed.

The National Association of Realtors is reporting that pending home sales declined 1.3% in April, marking their lowest level over the past year. The NAR’s Pending Home Sales Index declined 1.3% to 106.4 in April, down from March’s revised number. A sale is listed as pending when the contract has been signed but the transactionRead More

Pending home sales expand in October By California Association Of Realtors Led by the Southern California region, California statewide pending home sales grew modestly in October from the previous year and were down from September as the market begins its seasonal cooldown, according to the California Association of Realtors’ October Market.

The numbers: Pending home sales fell 4.7% to 104.6 in January, the National Association of Realtors said Wednesday. That’s the lowest reading since October 2014, after the biggest monthly decline.

Housing starts cooled in February after robust January The last time housing starts were stronger was February of 1984, when they came in at a 2.26 million annual pace. The latest report marked the fifth time in the last six months that housing starts.

Pending sales of homes in the U.S. fell again in November to a four-year low in another sign of widespread weakness in the real-estate market that’s likely to continue into 2019. December 28.

Pending sales fell in three of four regions, led by an 8.9% slump in the West as the Midwest and South also declined. Signings in the Northeast rose 0.7%. The index level of 102.1 was the lowest since July 2014. While the report is in line with the view that housing isn’t expected to collapse, the industry may have trouble gaining traction.

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The numbers: Pending sales of homes in the U.S. fell again in November to a four-year low in another sign of widespread weakness in the real-estate market that’s likely to continue into 2019.

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