NAR: Pending home sales up 10.3% from last year

This week, the NAR released data showing that pending home sales fell 2.2% in December, the lowest point since 2014. The reasons for the housing slowdown are myriad, but affordability concerns – especially among millennials – are playing a prominent role, with mortgage rates shooting up in 2018 amid a long-running ascent in home prices.

revise the hiring total for both June and July up to 245,000. The U-6 rate recording “total” unemployment fell to 10.3% (down 1.7% in the past 12 months and underneath its 20-year average of 10.7%) while the basic U-3 unemployment rate declined to 4,65.1%. On the factory front, orders for durable goods fell 2.0% in August after a 1.9% rise in

The National Association of Realtors (NAR) Pending Home Sales. of affordable single-family homes up for sale, which would be great news, particularly for first-time buyers,” he said. “Furthermore,

Review finds FHA mortgage insurance fund short $13.5 billion About this Channel : Pipeline Press is an informational forum focused on the interpretation and discussion of industry specific news, intelligence, investor bulletins, lender releases.

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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“Pending home sales slipped in July from last month and from one year ago, signifying continued weakness on the horizon for home sales,” says Danielle Hale, chief economist at realtor.com.

The National Association of Realtors’ (NAR) Pending Home sales index (phsi) rose by 1.5 percent to 110.2 in June from an upwardly revised 108.6 in May. On a year-over-year basis, the PHSI was up by.

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April’s growth rate was revised up to 0.5% from. likely fall below last year’s total." Here’s more from Yun: "The flourishing stock market the last few years has propelled sales in the higher price.

NAR’s Pending Home Sales Index. after a 10-month downward trend. Pending sales have declined month-to-month since peaking at a more than nine-year high last April, with the slump broken only by.

NAR’s Pending Home Sales Index was 106.0 for the. did see minor gains in contract signings last month, activity is falling further behind last year’s pace because new listings aren’t keeping up.

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Down 10.3% from last year 31st consecutive year over year decline Median time on the market typically 40 days in December -Down from 52 days last year 44% of December sales on market less than a month First-time buyers represented 32% of sales in December Up from 29% in November Annual share of first-time buyers was 34%

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