NAR: Pending home sales up 10.3% from last year

NAR Reports Home prices up for third consecutive quarter, median price hits $232,100. Sales are now 1.1 percent higher than February of last year. #GoodNews. Although home sales in the Midwest.

Pending home sales rose in December for the third straight. which President Donald Trump signed into law late last year, and you have a recipe for a slowdown, according to NAR Chief Economist.

Pending home sales continued to inch higher in April with the National Association of Realtors Pending Home Sales Index rising slightly to an index score of 106, a 0.3% increase from the March 105.

Home prices ‘bottoming now,’ BofA Merrill Lynch analysts say Bank of America Merrill Lynch is a brand name used by several Bank of America Corporation (BofA Corp.) businesses, including, but not limited to, global institutional consulting (gic), which offers products and services for the benefit of institutional and ultra high net worth clients.

Existing-home sales rebounded in May, recording an increase in sales for the first time in two months, according to the National Association of Realtors®. Each of the four major U.S. regions saw a growth in sales, with the Northeast experiencing the biggest surge last month.

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Pending home sales dropped 1% in February, declining 4.9% from last year, according. reported slight declines. NAR’s chief economist, Lawrence Yun, said that considering the fact that January’s.

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Year-over-year the pending homes sales index decreased 1.7% from last May, when the index was 110.4. Regionally. in contract activity implies a possible topping off in sales,” NAR Chief Economist.

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. overall sales activity below last year’s.

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 increased in May, a positive variation from the minor sales dip seen in the previous month, according to the National Association of Realtors .. In May 2019, pending home sales were down 0.7 percent year-over-year.

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The Pending Home Sales Index, a forward-looking indicator based on contract signings, increased 4.6 percent to 103.2 in January, up from 98.7 in December. Year-over-year contract signings, however, declined 2.3 percent, making January the thirteenth straight month of annual decreases.

Pending home sales down again in August This year’s housing production may fall below the pace of 2016. (NAR) reports its Pending Home Sales Index. Last year, existing sales rose 3.8 percent.