Following Months-Long Rise, Pending Home Sales Reverse Course

Jan 30, 2025  · NAR’s Pending Home Sales Index (PHSI)–a forward-looking indicator of home sales based on contract signings–slid 5.5% to 74.2 in December. Year-over-year, pending …


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Following Months-Long Rise, Pending Home Sales Reverse Course

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Jan 30, 2025  · NAR’s Pending Home Sales Index (PHSI)–a forward-looking indicator of home sales based on contract signings–slid 5.5% to 74.2 in December. Year-over-year, pending …

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Pending Homes Sales Plunge After 4 Months Of Increases

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Jan 30, 2025  · Deal breaker. 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 …

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Pending Sales Reverse Course | MetroTex

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Jan 31, 2025  · But much like existing home sales, which ended 2024 at the lowest level since 1995, pending sales appeared to peter out last month, falling 5.5% from November and 5% …

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Pending Home Sales Reverse Course - The Mortgage Note

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Sep 28, 2023  · Pending home sales tanked in August, reversing a two-month trend of increases. NAR’s Pending Home Sales Index fell by 7.1% to a reading of 71.8 in July. An index of 100 is …

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Housing Contract Activity, Thanks To More Inventory, Rises For …

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Dec 30, 2024  · The Pending Home Sales Index, which tracks contract signings on existing homes, rose 2.2% from October to 79, its highest reading since February 2023, according to …

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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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Pending Home Sales Inch Up For The Third Month In A Row: 'Home …

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Nov 27, 2024  · By Aarthi Swaminathan . U.S. pending home sales rose 2% in October, the National Association of Realtors said on Wednesday . The numbers: Pending home sales rose …

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Pending Home Sales Up 2.2% In November As Consumers Adjust …

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Dec 30, 2024  · Pending home sales increased 2.2% in November, a 6.9% increase from last year. ... If inflation continues to rise, or if the labor market softens, optimism for a rebounding 2025 …

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Rising Mortgage Rates Haven’t Yet Slowed Pending Sales - Redfin

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Oct 17, 2024  · Home sales are rising. Pending U.S. home sales rose 3.2% year over year during the four weeks ending October 13, the biggest increase in three years. On a local level, …

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US Pending Home Sales Hit 21-month High In November | Reuters

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Dec 30, 2024  · Economists polled by Reuters had forecast contracts, which become sales after a month or two, would rise 0.9% after increasing 1.8% in October. Pending home sales rose …

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Pending Home Sales Rise For Fourth Straight Month In November

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Dec 30, 2024  · A separate recent NAR report showed that closed deals for existing homes also rose last month. Total existing-home sales increased 4.8% from October to a seasonally …

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US Pending Home Sales Rise To Highest Level Since Early 2023

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US pending home sales rose 2.2% month-over-month in November to reach a reading of 79, the highest reading reported by the National Association of Realtors (NAR) since February 2023.

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US Pending Home Sales Rise For Third Straight Month, NAR Says

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Nov 27, 2024  · The National Association of Realtors (NAR) said on Wednesday its Pending Home Sales Index, based on signed contracts, rose 2.0% last month to 77.4 - the highest since …

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Pending Home Sales Inch Up For The Third Month In A Row: ‘Home …

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The numbers: Pending home sales rose for the third month in a row, as more buyers returned to the housing market. Contract signings in the U.S. rose 2% in October from the previous month ...

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North Bergen Housing Market: House Prices & Trends | Redfin

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The median sale price of a home in North Bergen was $489K last month, down 5.1% since last year. ... a Redfin.com user must have viewed at least 10 homes in a three month period. This …

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FAQs about Following Months-Long Rise, Pending Home Sales Reverse Course Coupon?

What is the pending home sales index?

The Pending Home Sales Index, which tracks contract signings on existing homes, rose 2.2% from October to 79, its highest reading since February 2023, according to the National Association of Realtors (NAR). An index level of 100 is equal to contract activity in 2001. It’s the fourth straight month of gains. ...

How many pending home sales will the NAR expect next year?

The NAR expects 4.5 million existing home sales next year. As of November, existing home sales were at a seasonally adjusted annual rate of 4.15 million. Homes typically go under contract one to two months before a sale is completed, meaning pending home sales are a leading indicator of housing market activity. ...

Are pending home sales up compared to November 2023?

Pending home sales are up 6.9% compared to November 2023. “Consumers appeared to have recalibrated expectations regarding mortgage rates and are taking advantage of more available inventory,” Lawrence Yun, NAR’s chief economist, said in a statement. Last month, housing contract activity rose in all regions of the country except for the Northeast. ...

Why did pending home sales rise in November?

Pending home sales rose in November despite higher mortgage rates and lingering affordability challenges, as buyers took advantage of growing supply. Signed contracts for existing homes increased 2.2% last month from October, in the fourth straight month of gains, the National Association of Realtors® reported Monday. ...

What was the highest pending home sales reading in November?

This post was written by Luke Carberry Mogan. US pending home sales rose 2.2% month-over-month in November to reach a reading of 79, the highest reading reported by the National Association of Realtors (NAR) since February 2023. Catalysts anchors Seana Smith and Madison Mills report on the regional trends in the US housing market. ...

What are pending home sales?

Pending home sales are an early indicator of the pace of sales activity in the coming months. Photo: Scott Olson/Getty Images The numbers: Pending home sales rose for the third month in a row, as more buyers returned to the housing market. ...

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