US Pending Home Sales Suffer Largest Drop in 3 Years

May 30, 2024 · 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 …

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US Pending Home Sales Suffer Largest Drop In 3 Years

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May 30, 2024 · 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 …

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April Sees Largest Drop In Pending Home Sales Since 2021

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May 31, 2024 · Regional Breakdown of Pending Home Sales In the Northeast, the PHSI fell 3.5% from March to 62.9, a decline of 3.1% from April 2023. The Midwest saw the largest drop, with …

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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 …

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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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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 …

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Pending US Home Sales Dip In December, Breaking Streak Of …

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Jan 30, 2025 · The Western and Northeastern U.S. saw the largest drops in pending home sales in December, falling 10.3% and 8.1%, respectively, the NAR said. The Midwest fell 4.9% and …

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Housing Market Update: Pending Home Sales Fall 35%, Largest …

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Oct 27, 2022 · On average, a record 7.9% of homes for sale each week had a price drop, up from 3.8% a year earlier. The average sale-to-list price ratio, which measures how close homes are …

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US Pending Home Sales Suffer Largest Drop In Three Years

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May 30, 2024 · 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 …

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‘It’s Kind Of A Frozen Market:' Home Sales Fell To The Lowest Level In ...

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3 days ago · According to recent data, home sales across the United States fell to the lowest level in nearly 30 years in 2024. This is largely in response to interest rates that are between 6% …

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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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US Pending Home Sales Suffer Largest Drop In Three Years

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May 31, 2024 · The NAR's pending home sales index fell by 7.7% in April to a reading of 72.3, compared to an upwardly revised reading of 78.3 in March. This drop is the most substantial …

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New Jersey Real Estate Market: Predictions For 2025 - Houzeo

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Jan 21, 2025 · Median Days on Market: The median days on the market for homes for sale was 40 days, up 2 days YoY. Pending Sales: The number of homes for sale declined by 1.9% YoY …

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North Bergen Housing Market Report - Rocket Homes

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There are 41 homes for sale in North Bergen, Hudson County with a median price of $525,000, which is a decrease of -4.5% since last year. See more real estate market trends for North …

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North Bergen Housing Market: House Prices & Trends | Redfin

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In December 2024, North Bergen home prices were down 5.1% compared to last year, selling for a median price of $489K. On average, homes in North Bergen sell after 51 days on the market …

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FAQs about US Pending Home Sales Suffer Largest Drop in 3 Years Coupon?

What happened to the NAR pending home sales index?

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 index is meant to be predictive of completed home sales transactions one to two months later. ...

How much did pending home sales increase in December?

The index for pending home sales increased just over 8% to 77.3 in December, according to data from the National Association of Realtors (NAR) released Friday. The month-over-month uptick was the largest registered since June 2020. A reading under 100 indicates a weaker pace of pending contracts. ...

What happened to pending home sales in April?

Pending home sales in April slid 7.7%, marking the largest decline in three years, according to a report issued by the National Association of Realtors (NAR). The Pending Home Sales Index (PHSI), a forward-looking indicator based on contract signings, dropped to 72.3, its lowest level since the onset of the COVID-19 pandemic in April 2020. ...

What happened to the pending home sales index?

The Pending Home Sales Index (PHSI), a forward-looking indicator based on contract signings, dropped to 72.3, its lowest level since the onset of the COVID-19 pandemic in April 2020. The NAR said all four U.S. regions saw month-over-month and year-over-year decreases, with the Midwest and West experiencing the sharpest declines.According t ...

Where are home prices falling the most?

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 prices are highest. ...

How much did home sales increase last month?

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 accelerated 6.1% compared with November last year, representing the biggest year-over-year gain since June 2021. ...