Housing Wire

OCTOBER 28, 2022

An index of 100 is equal to the level of contract activity in 2001. regions recorded year-over-year decreases in contract signings. Economists predicted that pending home sales would drop by 4.0% in September. Year over year, the PHSI was down 31.0%, marking the 16 th consecutive month of annual drops. All four major U.S.

Contracts 528

Contracts New Listings Realtors Housing Market 528

Housing Wire

MARCH 31, 2021

drop in the number of homes in contract from the prior month, according to new data from the National Association of Realtors. An index of 100 is equivalent to the level of pending sales in 2001. After eight months of consecutive gains, the consequences of low inventory finally caught up with the housing market in February.

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Inventory Contracts Housing Market Buyers 511

Housing Wire

MAY 25, 2023

An index of 100 is equal to the level of contract activity in 2001. The South’s pending home sales activity is similar to that of 2001, but the Midwest’s activity has decreased by 22% in that same period, and the Northeast and West regions are both about 40% lower than they were in 2001.”

Inventory 397

Inventory Housing Market Contracts Government 397

Appraisal Buzz

JUNE 27, 2024

Indicator of prospective home sales based on contract signings, the Pending Home Sales Index (PHSI) dropped to 70.8 The level of contract activity in 2001 is represented by an index of 100. Per the report, every U.S. region had decreases over the previous year. Pending transactions were down 6.6% from the previous year.

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Contracts Inventory Buyers Mortgage 418

Housing Wire

MARCH 28, 2024

For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. NAR’s Pending Home Sales Index increased to 75.6 in February, up from 74.3 in January. On a year-over-year basis, pending sales were down 7%.

Inventory 482

Inventory Realtors Contracts Sellers 482

Appraisal Buzz

OCTOBER 30, 2024

increase in the Pending Home Sales Index (PHSI), a measure of future home sales based on contract signings, to 75.8, The amount of contract activity in 2001 is represented by an index of 100. Year-over-year, contract signings grew in the Northeast and West and were unchanged in the Midwest and South. September saw a 7.4%

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Contracts Buyers Inventory Mortgage 418

Housing Wire

JANUARY 27, 2023

An index of 100 is equal to the level of contract activity in 2001. “We “This recent low point in home sales activity is likely over,” Lawrence Yun, NAR’s chief economist, said in a statement. Mortgage rates are the dominant factor driving home sales, and recent declines in rates are clearly helping to stabilize the market.”

Contracts 448

Contracts Realtors Mortgage Buyers 448

Appraisal Buzz

DECEMBER 30, 2024

Year-over-year, contract signings increased in all four U.S. NARs Pending Home Sales Index (PHSI)a forward-looking indicator of home sales based on contract signingsadvanced 2.2% A PHSI reading of 100 is equal to the level of contract activity in 2001. regions, with the West leading the pack. in November. a year earlier.

Contracts 435

Contracts Inventory Buyers Sellers 435

Housing Wire

JANUARY 26, 2024

For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. New home sales , another measure of contract signings, rose 8% in December on the back of declining mortgage rates. The Northeast was the only region to see a decline in contract signings, with a drop of 3% month over month and 3.9%

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Contracts Housing Market Construction Inventory 482

Housing Wire

FEBRUARY 29, 2024

For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. Meanwhile, new home sales , which are also a measure of contract signings, reached a seasonally adjusted annual rate of 661,000 in January, up 1.5% NAR’s Pending Home Sales Index (PHSI) decreased to 74.3 in January, down from 77.3

Contracts 459

Contracts Inventory New Listings Realtors 459

Housing Wire

OCTOBER 28, 2021

An index level of 100 is equal to the level of contract activity in 2001. Contract transactions slowed a bit in September and are showing signs of a calmer home price trend, as the market is running comfortably ahead of pre-pandemic activity,” Lawrence Yun, NAR’s chief economist, said in a statement. The index dropped to 116.7

Inventory 448

Inventory Renovations Contracts Buyers 448

Housing Wire

SEPTEMBER 28, 2023

An index of 100 is equal to the level of contract activity in 2001. Pending home sales, like new home sales, are based on contract signings. Existing home sales also fell in August, down 15.3% below the August 2022 level. The NAR’s Pending Home Sales Index fell to a reading of 71.8

Housing Market 497

Housing Market Contracts Government Buyers 497

Housing Wire

JULY 29, 2021

An index of 100 is equal to the average level of contract activity during 2001, the first year examined. The volume of existing-home sales in 2001 was within the range of 5 to 5.5 The overall pending home sales index fell 1.9% in June, according to the National Association of Realtors , which tracks the metric. (An

Marketing 468

Marketing Buyers Realtors Real Estate 468

Housing Wire

AUGUST 3, 2021

An index of 100 is equal to the average level of contract activity during 2001, the first year examined. The volume of existing-home sales in 2001 was within the range of 5 to 5.5 The overall pending home sales index fell 1.9% in June, according to the National Association of Realtors , which tracks the metric. (An

Buyers 514

Buyers Inventory Realtors Contracts 514

Appraisal Buzz

JULY 31, 2024

The rise in housing inventory is beginning to lead to more contract signings,” said Lawrence Yun, NAR Chief Economist. A measure of prospective home sales based on contract signings, the Pending Home Sales Index (PHSI) increased to 74.3 The level of contract activity in 2001 is represented by an index of 100.

Contracts 397

Contracts Inventory Buyers Housing Market 397

Housing Wire

AUGUST 30, 2023

An index of 100 is equal to the level of contract activity in 2001. “The small gain in contract signings shows the potential for further increases in light of the fact that many people have lost out on multiple home buying offers,” said NAR Chief Economist Lawrence Yun.

Inventory 448

Inventory Contracts Buyers Realtors 448

Appraisal Buzz

NOVEMBER 27, 2024

NAR’s Pending Home Sales Index (PHSI)–a forward-looking indicator of home sales based on contract signings–rose 2% to 77.4 An index of 100 is equal to the level of contract activity in 2001. It’s encouraging to see contract signings increasing in all major regions of the country,” said Yun. in October. in October, up 2.5%

Contracts 418

Contracts Inventory Mortgage Buyers 418

Housing Wire

SEPTEMBER 29, 2022

An index of 100 is equal to the level of contract activity in 2001. The direction of mortgage rates – upward or downward – is the prime mover for home buying, and decade-high rates have deeply cut into contract signings,” Lawrence Yun, NAR’s chief economist, said in a statement. “If All four major U.S. to a reading of 71.0.

Contracts 418

Contracts Realtors Inventory Marketing 418

Housing Wire

DECEMBER 28, 2023

Pending home sales in November were largely unchanged from October’s levels, a month that saw the lowest pending sales since 2001. according to the latest data from the National Association of Realtors (NAR). NAR’s Pending Home Sales Index (PHSI) recorded a minor increase to 71.6 in November, from 71.4 one month ago.

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Realtors Contracts Mortgage Marketing 482

Housing Wire

JUNE 29, 2023

An index of 100 is equal to the level of contract activity in 2001. Despite sluggish pending contract signings, the housing market is resilient with approximately three offers for each listing,” Lawrence Yun , the chief economist of NAR, said in a statement. annual drop recorded in April.

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Contracts Inventory Housing Market Realtors 370

Housing Wire

AUGUST 4, 2022

Veros, in business since 2001, provides services for automated valuations, fraud and risk detection, portfolio analysis and forecasting. Veros also signed an appraisal management services contract with the VA in 2019. The post Veros acquires appraisal management company Valligent appeared first on HousingWire.

Appraisal 435

Appraisal Valuation Real Estate Technology 435

Appraisal Buzz

FEBRUARY 24, 2025

While refinancing demand surged briefly when rates dipped, it quickly contracted again following another rate spike in October 2024. In stark contrast, as rates climbed, refinance volume plummeted to just $273 billion in the same period in 2023the lowest level since 2001. trillion in the first 10 months of the year.

Contracts 374

Contracts Mortgage Appraisal 374

Housing Wire

APRIL 27, 2023

An index of 100 is equal to the level of contract activity in 2001. For the first time since November 2022, pending home sales fell in March, posting a 5.2% month-over-month decrease, according to data released Thursday by the National Association of Realtors (NAR). year over year.

Inventory 459

Inventory Realtors Contracts Construction 459

Housing Wire

AUGUST 16, 2023

Mortgage applications fell for the fourth consecutive week as the 30-year fixed-rate mortgage rose to its highest level since 2001, reaching 7.16%. The average contract interest rate for 5/1 ARMs fell to 6.20% from 6.36% a week prior. For the week that ended August 11, mortgage applications fell 0.8% from 13.6% the week prior.

Mortgage 370

Mortgage Contracts Government Investors 370

Appraisal Buzz

SEPTEMBER 26, 2024

NAR’s Pending Home Sales Index (PHSI) is a forward-looking indicator of home sales based on contract signings, ad increased to 70.6 A PHSI reading of 100 is equal to the level of contract activity in 2001. “A However, contract signings remain near cyclical lows even as home prices keep marching to new record highs.”

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Contracts Buyers Mortgage Realtors 359

Housing Wire

JUNE 10, 2022

Founded in 2001 by Jeff Douglas, Wyndham positioned itself as a fintech-focused mortgage lender with a proprietary software system that allows the company to close loans 20% faster than the national average. As the market contracts, originators Interfirst Mortgage Co.

Mortgage 418

Mortgage Loan Officers Retail Contracts 418

Housing Wire

NOVEMBER 30, 2022

An index of 100 is equal to the level of contract activity in 2001. Pending home sales have now fallen in 11 of the last 12 months. Year over year, the PHSI was down 37.0%, marking the 17 th consecutive month of annual declines. In recent weeks, however, mortgage rates have dipped back into the 6.0%

Realtors 397

Realtors Contracts Buyers Mortgage 397

Housing Wire

OCTOBER 26, 2022

The survey shows that the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increased to 7.16% last week, the highest level since 2001. Rates for jumbo loan balances (greater than $647,200) went to 6.53% from 6.31% in the same period.

Mortgage 396

Mortgage Retail Contracts 396

Housing Wire

DECEMBER 30, 2024

NAR’s Pending Homes Sales Index (PHSI) report is a forward-looking source that predicts home sales based on contract signings. The index is benchmarked to 100 in 2001 and is moving closer to what could be regarded as normal levels of home sales activity. The report found that pending home sales jumped 2.2% month over month and 6.9%

Inventory 435

Inventory Buyers Housing Market Mortgage 435

Housing Wire

FEBRUARY 27, 2023

An index of 100 is equal to the level of contract activity in 2001. “Buyers responded to better affordability from falling mortgage rates in December and January,” Lawrence Yun, NAR’s chief economist, said in a statement. Despite the strong monthly increase, pending home sales are down 24.1% compared to a year ago. in 2023 and 5.4%

Housing Market 459

Housing Market Realtors Contracts Buyers 459

Housing Wire

APRIL 20, 2022

According to the agency, a “soft-landing” – when inflation subsides without economic contraction – is possible, but historically such an outcome is an exception, not a norm. The unemployment rate is expected to reach 6% at some point in 2024, a change similar in magnitude to the 1990 and 2001 recessions.

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Technology Mortgage Contracts Real Estate 476

Housing Wire

SEPTEMBER 15, 2023

of homes that went under contract that month, according to a new report from Redfin. Rates last month surged to 7.23%—the highest since 2001 – sending the typical homebuyer’s monthly payment up significantly from last year. Nearly 60,000 home-purchase agreements were canceled nationwide in August, equal to 15.7%

Buyers 448

Buyers Mortgage New Listings Real Estate 448

Inman

APRIL 25, 2024

The Pending Home Sales Index, which is a forward-looking indicator based on contract signings, was 75.6 The maximum score on the scale is 100, which represents the contract activity seen in 2001. in February. February's performance marks a 7 percent annual decline; however, it is a slight improvment from the previous month (+1.6

Contracts 179

Contracts Realtors Mortgage Marketing 179

Housing Wire

NOVEMBER 29, 2021

From the National Association of Realtors : “The Pending Home Sales Index (PHSI), a forward-looking indicator of home sales based on contract signings, rose 7.5% An index of 100 is equal to the level of contract activity in 2001.” in October. Year-over-year, signings fell 1.4%.

Inventory 532

Inventory Contracts Training Investors 532

Appraisal Buzz

OCTOBER 29, 2021

regions saw contract activity decline month-over-month and year-over-year, with the Northeast weathering the largest yearly drop. An index of 100 is equal to the level of contract activity in 2001. Each of the four major U.S. The Pending Home Sales Index (PHSI) decreased 2.3% in September. Year-over-year, signings decreased 8%.

Realtors 195

Realtors Contracts Appraisal 195

Appraisal Buzz

SEPTEMBER 29, 2021

The National Association of Realtors ’ Pending Home Sales Index (PHSI), a forward-looking indicator of home sales based on contract signings, increased 8.1% An index of 100 is equal to the level of contract activity in 2001. Year-over-year, signings dipped 8.3%.

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Contracts Realtors Inventory Buyers 195

Appraisal Buzz

JANUARY 27, 2022

regions posted both month-over-month and year-over-year drops in contract activity. An index of 100 is equal to the level of contract activity in 2001. All four major U.S. The Pending Home Sales Index (PHSI) fell 3.8% in December. Year-over-year, transactions decreased 6.9%. The post Housing Market Sees a 3.8%

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Housing Market Contracts Marketing Realtors 195