Housing Wire
JANUARY 30, 2025
An index reading of 100 is equal to the level of contract signings in 2001. However, with mortgage rates rising in December and pushing above 7% in January, buyers and sellers are hesitant. Compared to a month prior, contract signings fell 5.5% in December, with the Pending Home Sales Index coming in at a reading of 74.4.
Housing Wire
JANUARY 3, 2023
An index of 100 is equal to the level of contract activity in 2001. Pending-home sales in November reflect a freeze in the housing market, as buyers remain on the sideline and sellers are staying put,” Odeta Kushi, First American’s deputy chief economist, said in a statement.
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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%. On a year-over-year basis, all four U.S. regions registered losses, NAR reported.
Housing Wire
OCTOBER 28, 2022
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.”. or lower mortgage rate they locked in at.
Housing Wire
AUGUST 29, 2024
Anything above 100 is considered to have a higher level of activity relative to 2001. Buyers are accustomed to sellers paying for their agents, so shoppers who’ve bought a home before feel uncertain about how to navigate the new landscape. On an annual basis, the index fell by 8.5% The index fell by 5.5% month over month to 70.2.
Appraisal Buzz
DECEMBER 30, 2024
A PHSI reading of 100 is equal to the level of contract activity in 2001. Furthermore, buyers are in a better position to negotiate as the market shifts away from a sellers market. NARs Pending Home Sales Index (PHSI)a forward-looking indicator of home sales based on contract signingsadvanced 2.2% in November. from last month to 67.8,
Housing Wire
JUNE 15, 2022
The Texas firm has locations in more than 25 cities and connects with sellers more than 100,000 local investors looking to rehab houses, according to its website. It estimates there are about 3 million “aged properties” in the Chicago area alone, with almost 88% of them built before 2001.
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