Pending Home Sales Moved Up 2.2% in November, Fourth …

Dec 30, 2024 · By coincidence, the volume of existing-home sales in 2001 fell within the range of 5.0 to 5.5 million, which is considered normal for the current U.S. population. NOTE: Existing …

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Pending Home Sales Moved Up 2.2% In November, Fourth …

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Dec 30, 2024 · By coincidence, the volume of existing-home sales in 2001 fell within the range of 5.0 to 5.5 million, which is considered normal for the current U.S. population. NOTE: Existing …

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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 rose 2.2% in November, marking the fourth consecutive month of increases and the highest level since February 2023, according to a National …

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Pending Home Sales Moved Up 2.2% In November, Fourth

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Dec 30, 2024 · Pending Home Sales Regional Breakdown The Northeast PHSI fell 1.3% from last month to 67.8, up 5.6% from November 2023. The Midwest index increased 0.4% to 78.1 in …

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November Pending Home Sales Up 2.2% - Guaranteed Rate

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Jan 31, 2025 · Pending home sales in November rose 2.2% month-over-month, according to the National Association of Realtors® (NAR). The Pending Home Sales Index (PHSI) was 79.0 for …

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Pending Home Sales Rise In November: What's Behind The Uptick?

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Per the Dec. 30, 2024 report of NAR, November’s pending home sales index (PHSI) – a forward-looking indicator of home sales based on contract signings – was 79.0, up 2.2% from October …

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Monthly US Pending Home Sales Rise In November 2024 - Brisk …

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Dec 30, 2024 · US pending home sales increased by 2.2% in November 2024, with the Midwest, South and West regions of the United States seeing monthly gains in transactions, while in the …

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

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Dec 30, 2024 · “Though interest rates remain a challenge across the market, the seasonal slide in home prices and slower market mean more buyers are willing to come off the sidelines.” PHS …

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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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The Typical Home Is Taking Nearly 2 Months To Sell. That’s

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Jan 30, 2025 · Pending home sales were down 9.4% year over year, the biggest decline since September 2023. Sales are slow because it’s very expensive to buy a home, with mortgage …

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US Pending Home Sales Drop To Snap Four Months Of Gains

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Jan 30, 2025 · The National Association of Realtors (NAR) said on Thursday its Pending Home Sales Index, based on signed contracts, fell 5.5% last month to 74.2 from a downwardly …

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FAQs about Pending Home Sales Moved Up 2.2% in November, Fourth … Coupon?

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. ...

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. ...

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. ...

How will pending home sales affect the housing market in 2025?

The month’s pending home sales in the United States increased month over month and year over year. As homebuyers adjust to the new average mortgage rate standard, revolving around 6%, the housing market is anticipated to witness a considerable boost as we move into 2025. Diving Into the Numbers ...

What happened to the NAR pending home sales index?

(Reporting by Dan Burns; Editing by Andrea Ricci) The National Association of Realtors (NAR) said on Thursday its Pending Home Sales Index, based on signed contracts, fell 5.5% last month to 74.2 from a downwardly revised 78.5 in November. Pending home sales fell 5.0% from a year earlier. ...

How much did home sales increase in November?

Pending home sales gained 2.2% in November – the fourth consecutive month of increases and the highest level since February 2023 – according to the National Association of Realtors ®. The Midwest, South and West experienced month-over-month gains in transactions, while the Northeast decreased. ...