Buyers’ Strike Deepens: Pending Home Sales Drop to Record Low …

Aug 29, 2024 · Pending home sales – a forward-looking indicator of “closed sales” over the next couple of months – dropped by 5.5% in July from June, and by 8.5% from a year ago, to an …

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Buyers’ Strike Deepens: Pending Home Sales Drop To Record Low …

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Aug 29, 2024 · Pending home sales – a forward-looking indicator of “closed sales” over the next couple of months – dropped by 5.5% in July from June, and by 8.5% from a year ago, to an …

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Buyers’ Strike Continues: Pending Home Sales Remain Deep In The …

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Dec 30, 2024 · Compared to the collapsed levels in November last year, not seasonally adjusted pending sales rose 5.6%, while seasonally adjusted pending sales rose 6.9%. July had set an …

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Pending Home Sales Drop Sharply In December As Mortgage Rates …

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Jan 30, 2025 · Pending home sales drop sharply in December as mortgage rates surge back over 7% ... The average rate on the 30-year fixed mortgage went from a low of 6.68% on Dec. 6 to …

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Pending Home Sales Drop To Lowest Level Since December

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Jun 29, 2023 · The National Association of Realtors Pending Home Sales Index fell 2.7% to a reading of 76.5 in May, the lowest it has been since December. Elevated mortgage rates kept …

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New Jersey Real Estate Report | Real Estate, Economics, And Politics

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3 days ago · Economists polled by Reuters had forecast new home sales, which account for about 14% of U.S. home sales, would rise to a rate of 675,000 units. New home sales are counted at …

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New Jersey Real Estate Market: Predictions For 2025 - Houzeo

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Jan 21, 2025 · Interest rates are at record highs, with few home buyers. But the inventory is so low that 48.20% of homes sold above the list price! If You Are a Home Buyer: You can avoid …

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Pending Home Sales Drop 5.5% To All-time Low In July - MSN

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Contract signings fell to a record low, the NAR said, since it began tracking sales data since 2001. Year-over-year, transactions were down 8.5%. Key details: Pending home sales sank in all …

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FAQs about Buyers’ Strike Deepens: Pending Home Sales Drop to Record Low … Coupon?

What happened to the pending home sales index?

The National Association of Realtors said Thursday its Pending Home Sales Index, based on signed contracts, fell 5.5% last month to 70.2, the lowest reading since the series started in 2001. Pending home sales fell in all four regions last month. ...

Why did pending home sales hit a record low in July?

The numbers: Pending home sales hit a fresh record low in July as declining mortgage rates failed to spark increased activity, in part because of the uncertainty over the election. Pending home sales fell 5.5% in July from the previous month, according to the monthly index released Thursday by the National Association of Realtors (NAR). ...

What happened to pending home sales in October?

Brandon Bell / Getty Images Pending home sales, a measure of signed contracts on existing homes, dropped 1.5% in October from September. They hit the lowest level since the National Association of Realtors began tracking this metric in 2001, meaning it’s even worse than readings during the financial crisis more than a decade ago. ...

How did the NAR's pending home sales index perform in April?

The NAR said its pending home sales index fell 7.7% in April to 72.3 from an upwardly revised 78.3 reading in March. The drop was the largest since February 2021 and the index level was the lowest since the record-low reading of 71.8 in April of 2020. The pending-home sales drop of 7.7% was the largest since February 2021. Christopher Sadowski ...

Why are pending home sales increasing?

The Realtors noted that sales of homes priced above $750,000 have been increasing simply because there is more supply on the high end of the market. Pending home sales, a measure of signed contracts on existing homes, dropped 1.5% in October from September. ...

Why did the index drop in July?

The drop in the index in July was unexpected. Economists were forecasting pending home sales to rise 0.1%, according to a survey by the Wall Street Journal. Contract signings fell to a record low, the NAR said, since it began tracking sales data since 2001. Year-over-year, transactions were down 8.5%. ...