Pending Home Sales

Contracts Flicker in June, but Pending Sales Still Underwhelm Year-Over-Year

July 30th, 2018
With an 0.9 percent gain month-over-month, June pending sales slightly sparked, according to the National Association of REALTORS® (NAR) Pending Home Sales Index (PHSI)—but, on an annual basis, contracts still underwhelmed, down 2.5 percent. From May to June, activity increased...

Pending Home Sales Stumble as Housing Market Momentum Wanes

August 29th, 2018
Pending home sales stepped back in July and have now fallen on an annual basis for seven straight months, according to the National Association of Realtors®. The Pending Home Sales Index, a forward-looking indicator based on contract signings, decreased 0.7...

Pending Home Sales Slip, Trampled by West

September 27th, 2018
For the housing market, gaining ground is proving to be a struggle. On an annual basis—and for the eighth month in a row—pending home sales slipped, according to the August National Association of REALTORS® (NAR) Pending Home Sales Index (PHSI). Activity...

Pending Home Sales Strained

April 30th, 2018
Will They Break Through? March’s pending home sales strained, up a paltry 0.4 percent in the National Association of REALTORSR® (NAR) Pending Home Sales Index (PHSI). Two of the major regions in the U.S. experienced higher sales, with the Midwest...

Pending Home Sales Stopped by Supply

May 31st, 2018
In a bear-out of the country’s dire inventory shortage, pending home sales are struggling, in April dropping 1.3 percent, according to the National Association of REALTORS® (NAR) Pending Home Sales Index (PHSI). In April, three of the major regions in...

For Fifth Month Straight, Pending Home Sales Slide

June 27th, 2018
In a continuing downtrend, May’s pending home sales slid, declining 0.5 percent for the fifth month in a row (year-over-year), according to the National Association of REALTORS® (NAR) Pending Home Sales Index (PHSI). Despite gains in three of the four...

Pending Home Sales Inch Up 0.2 Percent in November

December 27th, 2017
Pending home sales were mostly unmoved in November, inching up 0.2 percent in the National Association of REALTORS® (NAR) Pending Home Sales Index (PHSI). The PHSI posted 109.5 in November, up from 109.3 in October. The Index is based on...

Pending Home Sales Edge Up

January 31st, 2018
Pending home sales edged up in December, 0.5 percent in the National Association of REALTORS® (NAR) Pending Home Sales Index (PHSI). The PHSI posted 110.1 in December, up from 109.6 in November. The Index is based on contract signings. Two...

Pending Sales Cave Under Mortgage Rate, Supply Pressures

February 28th, 2018
January’s pending home sales caved, dropping 4.7 percent in the National Association of REALTORS® (NAR) Pending Home Sales Index (PHSI). All four of the major regions in the U.S. experienced fewer sales, with the Northeast 9 percent lower, the Midwest...

Mortgage Rates Move on Uptrend

March 3rd, 2018
Mortgage rates again moved up this week, continuing an uptrend, with the average 30-year, fixed rate at 4.43 percent, according to Freddie Mac’s recently released Primary Mortgage Market Survey® (PMMS®). The average 30-year, fixed rate was 4.40 percent the week...
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