What happened: NAR’s index, which tracks home-contract signings, has been volatile, but the trend is solidly downward. april marked the 16th-straight month of annual declines. Contract signings precede closings by about 45-60 days, so the pending home-sales index is a leading indicator for upcoming existing-home sales reports.
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Auto sales are down and home sales are way down. This morning: Pending home sales fall, marking the 16th-straight month of annual declines (MarketWatch) – Pending home sales fell a seasonally adjusted 1.5% in April and were 2% lower than a year ago, the National Association of Realtors said Thursday.
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April marked the 16th-straight month of annual declines. Contract signings precede closings by about 45-60 days, so the pending home-sales index is a leading indicator for upcoming existing-home sales reports.
Pending Home Sales Fall, Marking the 16th Straight Month of Annual Declines The numbers: Pending home sales fell a seasonally adjusted 1.5% in April and were 2% lower than a year ago, the National Association of Realtors said Thursday.
April marked the 16th-straight month of annual declines. Contract signings precede closings by about 45-60 days, so the pending home-sales index is a leading indicator for upcoming existing-home.
U.S. home prices surged 11.9 percent in June from a year earlier, reflecting stronger demand amid a tight supply of homes for sale. CoreLogic, a real estate data provider, said Tuesday that home.
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Frigid temps and a scarcity of fresh listings put the brakes on Twin Cities home sales last month. There were 2,536. that inclement weather caused pending home sales – an indication of future.
Pending-home sales slid 2.2% in December to a reading of 99, and were 9.8% lower compared to a year ago, marking the 12th straight month of annual declines. January 30, 2019 MarketWatch
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Nineteen of the 20 areas saw declines in the September index, with average prices sliding 0.8%. Economists expect prices to fall. month. Existing home sales correspondingly rose by 5.6% in November.
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Still, the General Activity Index came in under the growth mark at -4.9. Bloomberg. Analysts say the demand could boost 2015 sales to an all-time U.S. annual record. Pending home sales crept higher.