article thumbnail

Pending home sales jumped in September behind lower mortgage rates

Housing Wire

According to data released Wednesday by the National Association of Realtors (NAR), pending home sales in September jumped 7.4% An index reading of 100 equates to sales activity in 2001. “A compared to August and 2.6% year over year. NAR’s index reading of 75.8 is the highest number since March.

Mortgage 476
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
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 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 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
article thumbnail

Pending home sales pick up in February: NAR

Housing Wire

month over month, according to the newest data released Thursday by the National Association of Realtors (NAR). For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. Pending home sales increased modestly in February despite rising mortgage rates , growing 1.6% in February, up from 74.3

Inventory 482
article thumbnail

Pending home sales fall to their lowest level in two decades

Housing Wire

Pending home sales in October fell to their lowest level since 2001. in October on a month-over-month basis, according to data released Thursday by the National Association of Realtors (NAR). As mortgage rates edged near multi-decade highs, pending home sales declined 1.5% down from 72.6 in September.

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. Pending home sales continued their downward spiral in September, recording a 10.2% month-over-month decline that resulted in an index reading of 79.5, in September. in September.

Contracts 528