Housing Wire

JULY 31, 2024

A reading of 100 is equal to the level of contract activity in 2001. According to industry analysts, May’s index value was the lowest reading recorded since NAR began collecting the data in 2001. Affordability is the main constraint on the housing market. The index rose from a reading of 70.8 in May to 74.3

Housing Market 468

Housing Market Contracts Inventory Realtors 468

Housing Wire

JANUARY 3, 2023

“Pending home sales recorded the second-lowest monthly reading in 20 years as interest rates , which climbed at one of the fastest paces on record this year, drastically cut into the number of contract signings to buy a home,” Lawrence Yun, NAR’s chief economist, said in a statement. On a month over month basis, all four of the major U.S.

Contracts 511

Contracts Housing Market Realtors Construction 511

Housing Wire

SEPTEMBER 26, 2024

A reading of 100 is equal to the level of contract activity in 2001. NAR chief economist Lawrence Yun attributed the modest uptick in contract signings to improved housing affordability due to lower mortgage rates. On a regional basis, contract signings rose in the Midwest (up 3.2% The Pending Home Sales Index rose 0.6%

Contracts 457

Contracts Realtors Housing Market Mortgage 457

Housing Wire

MARCH 31, 2021

After eight months of consecutive gains, the consequences of low inventory finally caught up with the housing market in February. 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.

Inventory 511

Inventory Contracts Housing Market Buyers 511

Housing Wire

OCTOBER 28, 2022

An index of 100 is equal to the level of contract activity in 2001. Persistent inflation has proven quite harmful to the housing market,” Lawrence Yun, NAR’s chief economist, said in a statement. regions recorded year-over-year decreases in contract signings. All four major U.S. to a reading of 62.7.

Contracts 528

Contracts New Listings Realtors Housing Market 528

Housing Wire

APRIL 9, 2024

Jana Caudill was a sales associate with Keller Williams from February 1, 2001 to December 14, 2011, and Dennis Caudill was a sales associate with Keller Williams from February 1, 2001, to December 14, 2011.

Brokerage 476

Brokerage Agents Legal Real Estate 476

Housing Wire

MAY 25, 2023

The housing market looks different than it does during a typical spring, when the market is usually in full gear,” Lisa Sturtevant, the chief economist at Bright MLS , said in a statement. An index of 100 is equal to the level of contract activity in 2001. annual drop recorded in March.

Inventory 397

Inventory Housing Market Contracts Government 397

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. year-over-year.

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. The housing market is off to a good start this year, as consumers benefit from falling mortgage rates and stable home prices,” NAR chief economist Lawrence Yun said in a statement. “Job in December, up from 71.6 in November.

Contracts 482

Contracts Housing Market Construction Inventory 482

Housing Wire

JANUARY 27, 2023

Mortgage rates are the dominant factor driving home sales, and recent declines in rates are clearly helping to stabilize the market.” An index of 100 is equal to the level of contract activity in 2001. “We Job gains will steadily become important in driving local home-sales markets. compared to December 2021.

Contracts 448

Contracts Realtors Mortgage 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. Yun also expressed concern about a possible government shutdown, which could worsen the conditions in the housing market. “It Existing home sales also fell in August, down 15.3%

Housing Market 497

Housing Market Contracts Government Buyers 497

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. in 2022.

Inventory 448

Inventory Renovations Contracts Buyers 448

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. The market is at an interesting point with rising inventory and lower demand,” said Lawrence Yun, NAR Chief Economist.

Contracts 418

Contracts Inventory Buyers Mortgage 418

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% from December’s annualized rate. Overall active inventory improved 7.9%

Contracts 459

Contracts Inventory New Listings Realtors 459

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%. There will be a steady rise in inventory from recent growth in home building,” Yun added.

Inventory 482

Inventory Realtors Contracts Sellers 482

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 from a year ago. All four major U.S.

Contracts 418

Contracts Realtors Inventory Marketing 418

Housing Wire

AUGUST 30, 2023

However, unlike the market for new homes , which has recovered convincingly above last year’s lows (+31.5%), pending home sales continue to lag behind year-ago levels (-14.0%). An index of 100 is equal to the level of contract activity in 2001. The NAR’s Pending Home Sales Index climbed to a reading of 77.6

Inventory 448

Inventory Contracts Buyers Realtors 448

Housing Wire

AUGUST 3, 2021

The markets expected to see the largest increases in home prices in the next 12 months, per CoreLogic, are San Diego, California (+11.5% 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

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

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. Looking ahead Lower rates could also improve the new home sales market according to Logan Mohtashami, lead analyst for HousingWire. NAR’s Pending Home Sales Index (PHSI) recorded a minor increase to 71.6

Realtors 482

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.

Contracts 370

Contracts Inventory Housing Market Realtors 370

Housing Wire

APRIL 27, 2023

An index of 100 is equal to the level of contract activity in 2001. Sales of new homes are already matching 2019 pre-COVID activity and are expected to increase in 2023, largely due to plentiful inventory in this segment of the market.” For the first time since November 2022, pending home sales fell in March, posting a 5.2%

Inventory 459

Inventory Realtors Contracts Construction 459

Housing Wire

AUGUST 4, 2022

“Together, we represent a powerful collateral valuation innovator in the market, providing a full spectrum of appraisal, valuation data and analytics and related collateral risk management solutions.”. Veros also signed an appraisal management services contract with the VA in 2019.

Appraisal 435

Appraisal Valuation Real Estate Technology 435

Housing Wire

FEBRUARY 27, 2023

An index of 100 is equal to the level of contract activity in 2001. Bright MLS chief economist Lisa Sturtevant added: “The new pending sales data for January provides further evidence that the housing market may have bottomed out at the end of last year. Despite the strong monthly increase, pending home sales are down 24.1%

Housing Market 459

Housing Market Realtors Contracts Buyers 459

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

AUGUST 14, 2023

It significantly streamlined transactions , slashing hours of wasted drive time chauffeuring documents in between soccer games and dinners, creating competitive advantage by shortening contract periods and empowering agents to conduct business across borders in minutes versus days.

Real Estate 370

Real Estate Real Estate Agent Marketing Technology 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.”

Contracts 359

Contracts Buyers Mortgage Realtors 359

Housing Wire

APRIL 20, 2022

Fannie Mae has lowered its mortgage origination forecasts for 2022 and 2023 due to the Federal Reserve’s (Fed) aggressive inflation-fighting monetary policy and corresponding volatility in the mortgage market. Staying nimble in a fast-paced market with the right mortgage technology. It also downsized the 2023 forecast from $2.7

Technology 476

Technology Mortgage Contracts Real Estate 476

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. The post Housing Market Sees a 3.8% All four major U.S. The Pending Home Sales Index (PHSI) fell 3.8% in December. Year-over-year, transactions decreased 6.9%.

Housing Market 195

Housing Market Contracts Marketing Realtors 195

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% The median U.S.

Buyers 448

Buyers Mortgage New Listings Real Estate 448

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

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.” When inventory rises and more supply is on the market, this means demand is fading.

Inventory 532

Inventory Contracts Training Investors 532

Housing Wire

MAY 31, 2022

Mortgage lenders and real estate investment firms this month entered tight housing markets in the Midwest and the Northwest to better reach prospective homebuyers, despite a challenging mortgage market. Chicago’s housing market started out hot in 2022. About 1,820 homes were sold in the city in January alone, a 7.2%

Mortgage 397

Mortgage Construction Lending Real Estate 397

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%.

Contracts 195

Contracts Realtors Inventory Buyers 195

Housing Wire

JULY 27, 2023

An index of 100 is equal to the level of contract activity in 2001. Home prices will be influenced by how much inventory is brought to market. Several of the country’s top emerging housing markets are in Indiana.) The NAR’s Pending Home Sales Index climbed to a reading of 76.8 in 2023, to 720,000.

Construction 370

Construction Inventory Realtors Housing Market 370

Housing Wire

AUGUST 24, 2023

Mortgage rate shot up again last week as the bond market continues to grapple with a growing economy in the run up to the next Federal Open Market Committee meeting. What does it mean for the housing market ? Higher mortgage rates probably signal “a further contraction in home sales activity,” she added. “We

Mortgage 370

Mortgage Property Taxes Investors Buyers 370

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