Pending Homes Sales Plunge After 4 Months of Increases

8 hours ago  · The West’s pending homes sales index (PHSI) saw a 10.3% plunge from the prior month, to 57.7. It’s significant when you compare that number with December 2023, when it …


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Pending Homes Sales Plunge After 4 Months Of Increases

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8 hours ago  · The West’s pending homes sales index (PHSI) saw a 10.3% plunge from the prior month, to 57.7. It’s significant when you compare that number with December 2023, when it …

realtor.com

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2024 US Home Sales Hit Lowest Level In Nearly 30 Years With …

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6 days ago  · That led existing home sales to fall 0.7% last year to 4.06 million — the weakest showing for home sales since 1995 and edging out the terrible year for sales in 2023, the …

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Existing Home Sales, Pending Sales Fall To Lowest Level Since …

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SEATTLE, September 18, 2024--(NASDAQ: RDFN) — Sales of existing homes fell 1% month over month and 3.1% year over year in August to a seasonally adjusted annual rate of …

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Pending Home Sales Drop Sharply In December As Mortgage Rates …

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6 hours ago  · Pending sales fell in all regions, with the West and Northeast seeing the biggest monthly drops at decreases of 8.1% and 10.3%, respectively. Those regions are where home …

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Existing Home Sales Dip To 14-year-low As Prices Remain High

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Oct 23, 2024  · Home sales fell 1.0% last month to a seasonally adjusted annual rate of 3.84 million units, the lowest level since October 2010, the National Association of Realtors said on …

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Existing Home Sales Fall Hit 14-year Low - Fox Business

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Oct 23, 2024  · Existing home sales fall to lowest level since 2010 ... At the same time, the median sales price of existing homes jumped 3% from last September to $404,500, marking the 15th …

foxbusiness.com

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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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Pending Home Sales Fall To 24-Month Low - The MortgagePoint

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Jan 17, 2025  · Existing Home Sales Rise to Two-Year High. While pending home sales rose to 24-month highs in December, the nation’s existing-home sales followed suit and rose 0.7% …

themortgagepoint.com

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Existing Home Sales In 2024 Hit Their Lowest Level Since Val Kilmer …

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1 day ago  · Many homeowners are locked in where they’re at, even if they’d like to sell, due to sub-5% rates on their current mortgages.

fortune.com

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Existing Home Sales In September Fall To Lowest Level Since 2010

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Oct 23, 2024  · Existing home sales slipped 1% from August to a seasonally adjusted annual rate of 3.84 million, the National Association of Realtors said Wednesday, marking the lowest …

yahoo.com

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Pending Home Sales Plunge To Lowest Level In Four Years As …

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May 30, 2024  · Sales activity is at the lowest level since April 2020. The sales pace fell short of expectations on Wall Street. Economists were expecting pending home sales to fall 0.4% in April.

realtor.com

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

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6 days ago  · Existing home sales rose 4.8% last month, from October, to a seasonally adjusted annual rate of 4.15 million, the National Association of Realtors said Thursday. Sales …

njrereport.com

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Pending Sales Dip As Buyers Play The Waiting Game

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Oct 11, 2024  · A recent Redfin report revealed that existing-home sales fell roughly 1% month-over-month in September and an estimated 3.1% year-over-year in August—to a seasonally …

themortgagepoint.com

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Pending Home Sales In April Slump To Lowest Level Since The Start Of ...

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May 30, 2024  · Perhaps in reaction to the slow sales pace in April, the share of sellers cutting prices in May hit 6.4%, the highest level since 2022, according to a new report from Redfin.

nbcnews.com

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Pending Home Sales Plunge To Lowest Level In Four Years As Buyers …

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Sales activity is at the lowest level since April 2020. The sales pace fell short of expectations on Wall Street. Economists were expecting pending home sales to fall 0.4% in April.

msn.com

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Existing Home Sales, Pending Sales Fall To Lowest Level Since …

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Sep 18, 2024  · (NASDAQ: RDFN) — Sales of existing homes fell 1% month over month and 3.1% year over year in August to a seasonally adjusted annual rate of 4,042,369,

businesswire.com

FAQs about Pending Homes Sales Plunge After 4 Months of Increases Coupon?

Why did home sales fall last year?

Sales of existing homes in the US fell last year to the lowest level in almost three decades, as sky-high home prices and elevated mortgage rates squeezed home buyers. Sales of previously owned homes, which make up the vast majority of the market, totaled 4.06 million in 2024, the National Association of Realtors said Friday. ...

What happened to pending sales?

Pending sales—a more current gauge of housing market activity that includes both existing and newly constructed homes—fell to the lowest level on record aside from April 2020. They were down 1.9% month over month in August on a seasonally adjusted basis, and dropped 2.4% year over year. ...

Why did home sales fall in September?

Sales of existing homes fell in September as house hunters remained on the sidelines despite mortgage rates easing during the month. Existing home sales slipped 1% from August to a seasonally adjusted annual rate of 3.84 million, the National Association of Realtors said Wednesday, marking the lowest monthly rate since October 2010. ...

Why are pending home sales down 66%?

Pending home sales were down 6.6% from a year earlier on an unadjusted basis. Mortgage rates near levels not seen since the early 2000s, combined with still-high prices and a lack of inventory are keeping would-be buyers on the sidelines. ...

What happened to home sales in July?

Sales of existing homes fell 2% year over year to a seasonally adjusted annual rate of 4.1 million in July. Pending sales were down 3% month over month and 6% year over year—both of which were the biggest drops in nearly a year. ...

What happened to home sales in August?

Sales of existing homes fell 1% month over month and 3.1% year over year in August—to a seasonally adjusted annual rate of 4,042,369. That’s the lowest level in records dating back to 2012, with the exception of May 2020, when the pandemic brought the housing market to a standstill. ...

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