Pending Homes Sales Plunge After 4 Months of Increases

Jan 30, 2025  · 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 was down 5.1%.


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Pending Homes Sales Plunge After 4 Months Of Increases

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Jan 30, 2025  · 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 was down 5.1%.

realtor.com

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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 …

themortgagepoint.com

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Pending Home Sales Fell 5.5% In December - National Association …

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Jan 30, 2025  · The 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 …

nar.realtor

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Pending Home Sales Fell The Most Since 2022 In December - Redfin

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Jan 17, 2025  · Pending home sales fell 4.5% month over month in December on a seasonally adjusted basis, the largest decline since October 2022. ... After inching downward at the …

redfin.com

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Pending Home Sales Drop Sharply In December As Mortgage Rates …

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Jan 30, 2025  · 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 …

nbcnews.com

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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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Pending Home Sales Jump 8.3% In December As Mortgage Rates …

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Jan 26, 2024  · Pending home sales gained ground in December, improving 8.3% relative to November and 1.3% relative to a year prior. Surging new home sales, which are also a …

realtor.com

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

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3 days ago  · Pending home sales were down 9.4% year over year, the biggest decline since September 2023. ... The municipality is home to just three houses and a golf course. Spring …

njrereport.com

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Pending Home Sales Increase For First Time In 7 Months In December

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Jan 27, 2023  · The National Association of Realtors said on Friday that its pending home sales index climbed 2.5% over the course of December, marking the first monthly increase in …

foxbusiness.com

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Cue The Sad Trombone As Pending Sales Reverse Course

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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% year-over-year, …

fsbohomelistings.com

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Pending Home Sales Dropped By 5.5% In December

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Jan 31, 2025  · The Pending Home Sales Index (PHSI), a key indicator of housing market activity based on contract signings, fell to 74.2 in December. This marks a 5% decrease compared to …

consumeraffairs.com

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Pending Sales Reverse Course | MetroTex

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Jan 31, 2025  · Pending sales fell 5.5% from November and were down 5% compared to Dec. 2023. Mortgage rates showed little change, with the weekly average still hovering just below …

mymetrotex.com

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Pending Contracts Increased 8% In December - BluefieldGroup.com

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Jan 30, 2024  · The Midwest recorded a 5.6% increase in the pending home sales index in December, marking a 4.3% rise from the previous year. The Northeast saw a 3.0% decline in …

bluefieldgroup.com

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Pending Home Sales Reverse Course In December

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Jan 31, 2025  · The Pending Home Sales Index (PHSI), a key forward-looking indicator of home sales, declined 5.5% to 74.2 in December. On a year-over-year basis, contract signings …

bluefieldgroup.com

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Bergen County, NJ Housing Market: House Prices & Trends - Redfin

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In December 2024, Bergen County home prices were up 6.1% compared to last year, selling for a median price of $700K. On average, homes in Bergen County sell after 70 days on the market …

redfin.com

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North Bergen, NJ Recently Sold Homes - Realtor.com

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Jan 10, 2025  · REAL ESTATE NNJ. tour available. Property detail for 1207 91st St North Bergen, NJ 07047. Sold - Nov 22, 2024. $765,000. ... Homes for sale under $50k in North Bergen, ...

realtor.com

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

What happened to pending home sales in December?

Pending home sales dropped 4.5% from November as mortgage rates jumped to the highest level in months. Roughly 40,000 home purchases were called off in December, equal to 16% of homes that went under contract—the highest December percentage on record. ...

What happened to home sales in December?

Existing home sales—a lagging indicator of deals that were negotiated in prior months when mortgage rates were lower—rose to the highest level in nearly two years. Pending home sales fell 4.5% month over month in December on a seasonally adjusted basis, the largest decline since October 2022. They dropped 2.3% year over year. ...

What are pending sales?

These so-called pending sales are an indicator of future closings and are the most current indicator of activity in the market. Buyers out shopping in December were facing a big jump in mortgage interest rates, which may have dampened demand. ...

How much did home sales increase in December?

Existing home sales rose 0.7% month over month in December to a seasonally adjusted annual rate of 4,317,683—the highest level since February 2023. They jumped 6% year over year—the largest annual increase since July 2021. ...

Are home sales lagging?

It’s worth noting that both existing and overall home sales are lagging indicators. They reflect purchases that, while finalized in December, went under contract (AKA pending) during the several months leading up to December. ...

What happened to signed contracts on existing homes in December?

Patrick T. Fallon / AFP - Getty Images file Signed contracts on existing homes dropped a sharp 5.5% in December from the previous month and fell 5% from the prior year, according to the National Association of Realtors. The drop followed four straight months of gains and the index was at its lowest level since August. ...

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