Remove 2001 Remove Buyers Remove Realtors
article thumbnail

Pending home sales rise again as buyers capitalize on more inventory

Housing Wire

A report released Monday by the National Association of Realtors (NAR) showed an increase in pending home sales for the fourth consecutive month. The index is benchmarked to 100 in 2001 and is moving closer to what could be regarded as normal levels of home sales activity. By comparison, October’s index reading was 77.4,

Inventory 435
article thumbnail

Home prices are still rising, but relief for buyers is coming

Housing Wire

But relief for buyers could be coming in the next 12 months. gain by this time next year, as ongoing affordability challenges deter potential buyers — as well as an uptick in new for sale listings. in June, according to the National Association of Realtors , which tracks the metric. (An Home prices increased 2.3% ” The 17.2%

Buyers 514
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Pending home sales plummet to all-time low in May: NAR

Housing Wire

After rising in March , pending home sales continued to slide in May, with the Pending Home Sales Index (PHSI) posting its second consecutive month of declines to reach a record low, according to data released Thursday by the National Association of Realtors (NAR). An index of 100 is equal to the level of contract activity in 2001.

Inventory 501
article thumbnail

Pending home sales bounce back in June: NAR

Housing Wire

After plummeting to an all-time low in May , pending home sales bounced back a bit in June, with the Pending Home Sales Index rising 4.8%, according to data released Wednesday by the National Association of Realtors (NAR). A reading of 100 is equal to the level of contract activity in 2001. The index rose from a reading of 70.8

article thumbnail

Pending home sales are down 31% from last year

Housing Wire

according to data released Friday by the National Association of Realtors. An index of 100 is equal to the level of contract activity in 2001. The Federal Reserve has had to drastically raise interest rates to quell inflation, which has resulted in far fewer buyers and even fewer sellers.”. in September. All four major U.S.

Contracts 528
article thumbnail

How auction buyer data foreshadows housing market shifts

Housing Wire

Retail housing market data from June showing early signs of a real estate slowdown was foreshadowed three months earlier in buyer behavior at foreclosure auctions. The downshift in buyer behavior at the foreclosure auction came two months before the downshift showed up in retail housing market data. That was up from 40% a year ago.

article thumbnail

Pending home sales fall 38% in November

Housing Wire

according to data released last Wednesday by the National Association of Realtors. An index of 100 is equal to the level of contract activity in 2001. Pending home sales fell for the sixth consecutive month in November, recording a 4.0% month-over-month drop that resulted in an index reading of 73.9,

Contracts 511