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Pending home sales in Nassau and Suffolk counties were up 5 percent last month, climbing from 2,177 in Feb. 2018 to 2,285 in Feb. 2019, according to preliminary numbers from an online real estate.
· Even if a home has a pending sale, the deal could fall through for several reasons. Photo from Shutterstock. Reasons why pending home sales fall through Home inspection contingency. Once a potential home buyer finds a home they love, they’ll typically order an inspection of the property to make sure everything is in good working order.
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The National Association of Realtors said Wednesday that its seasonally adjusted pending. sale. The number of contract signings increased in the Northeast, South and West last month, while.
*The Pending Home Sales Index is a leading indicator for the housing sector, based on pending sales of existing homes. A sale is listed as pending when the contract has been signed but the transaction has not closed, though the sale usually is finalized within one or two months of signing.
The Pending Home Sales Index, * a forward-looking indicator based on. The index has now increased year-over-year for eight consecutive months and is at its highest level since May 2006 (112.5)..
Pending home sales continue to climb After remaining flat in February, pending home sales increased in March, floating above year-ago levels, according to the National Association of Realtors, which noted contract activity in recent months shows only modest movement.
· Tags: real estate, housing market, home prices, new home sales, existing home sales, pending home sales, housing, renting Devon Thorsby is the Real Estate editor at U.S. News & World Report, where she writes consumer-focused articles about the homebuying and selling process, home improvement, tenant rights and the state of the housing market.
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Having declined 0.7 percent in November, the National Association of Realtors Pending Home Sales Index, for which 100 denotes “an average level” of activity, dropped another 2.2 percent in December to a below-average 99.0 and is now running 9.8 percent lower on a year-over-year basis and 11.8 percent below last year’s high of 112.3.
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Pending home sales. Yun expects sales this year to climb above earlier estimates and be around 5.41 million, a 3.0 percent boost from 2015. After accelerating to 6.8 percent a year ago, national.