NAR: Pending home sales up 10.3% from last year

NAR: Pending home sales up 10.3% from last year Alcynna Lloyd is a reporter at HousingWire. Lloyd has a degree in broadcast journalism from the University of North Texas.

KEYWORDS Existing home sales NAR National Association of realtors pending home. slightly below last year,” Yun said. “The good news is that nearly all of the missed closings for the remainder of.

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Midwest pending sales rose 3.2% to 107.1 in April, up 15.1% from a year earlier. Conversely, in the South, pending home sales fell 1.1% to an index score of 119.2, but remain 12.3% higher year.

Existing-home sales in the South dropped 5.4% to an annual rate of 2.09 million in December, down 8.7% from last year. The median price in the South was $224,300, up 2.5% from a year ago.

Pending home sales fell on an annual basis for the 12th. Cities that experienced the largest increase in listings in December 2018 included.

On a year-over-year basis, the index was down by 4.1 percent. On a regional basis, the PHSI in the Northeast surged 10.3 percent to 96.0 in February, while the Midwest index saw a modest 0.7 percent.

Pending home sales. fell backward again last month, as declines in the West negatively impacted overall activity,” said Yun in a prepared statement. “The greatest decline occurred in the West.

The numbers: Pending-home sales rose 3.1% to 107.5 in February, the National Association of Realtors said Wednesday. Economists had forecast a 3.0% increase. What happened: NAR’s index, which.

Today NAR released its April pending home. the fading effects of last year’s cheap oil on consumer prices – could edge up inflation and push rates higher,” NAR wrote in a press release. Yun also.

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Little movement is expected in near-term sale closings, but they should edge up modestly as the year progresses,” said NAR chief economist Lawrence Yun in a statement. Pending home sales were up 7.0.

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NAR 2017 New Member Orientation Video NAR: Existing-Home Sales Decreased to 4.99 million. – Calculated Risk – From the NAR: Existing-Home Sales See 6.4 Percent Drop in December. current sales pace, down from 3.9 last month and up from 3.2 months a year ago.. from last month, and were 10.3% below the December 2017 rate.

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The gains put 2018 new home sales 1.5 percent higher than the year before. In September, the NAR's Pending Home Sales Index showed a slight increase.. FHA mortgage applications made up 10.4% of the total, compared to 10.3%.