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Pending home sales continue to slip as 2021 approaches

Housing Wire

year-over-year, according to a report from the National Association of Realtors. Year-over-year, contract signings increased by 16.4%. As 2021 approaches, Yun predicts that there will be a slight uptick in mortgage rates to around 3%, existing-home sales to increase by roughly 10% and new home sales to increase by 20%.

Contracts 535
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Pending home sales down nearly 25% from 2021 in August

Housing Wire

according to data released Wednesday by the National Association of Realtors. An index of 100 is equal to the level of contract activity in 2001. regions recorded year-over-year decreases in contract signings. The post Pending home sales down nearly 25% from 2021 in August appeared first on HousingWire.

Contracts 417
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Pending home sales shock 2021 housing crash bears

Housing Wire

in October — and since we are days away from December, we can officially label the 2021 housing crash bears as even worse than the 2020 housing crash bears. 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%

Inventory 532
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December 2021 REALTORS® Confidence Index Survey: Fewer Buyers Waiving Appraisal, Inspection Contract Contingencies

National Association of Realtors

The fraction of buyers who are waiving appraisal and inspection contract contingencies has been trending downwards in recent months, with REALTORS® saying that 19% of buyers waived the inspection contingency in December 2021, down from 27% in July, and 21% waived the appraisal contingency, down from 29% in June.

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NAR board votes to leave dues unchanged in 2025

Housing Wire

The National Association of Realtors’ (NAR) board of directors voted to leave member dues unchanged in 2025. The vote occurred Thursday during the final day of NAR’s midyear conference, the Realtors Legislative Meetings, according to Inman , which first reported the story. million for the first time since May 2021.

Realtors 394
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Pending home sales rise for the first time since May 2022

Housing Wire

according to data released Friday by the National Association of Realtors (NAR). compared to December 2021. An index of 100 is equal to the level of contract activity in 2001. “We After six consecutive months of declines, the Pending Home Sales Index rose 2.5% month over month in December to a reading of 76.9,

Contracts 448
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How JVM Lending plans to expand without any loan originators

Housing Wire

The majority of lenders easily lost half of the volume last year that they originated in 2021, and LOs who have their own databases to tap into are highly sought after. Last five years, we focused in Texas, we never focused on investment property realtors,” Heejin Kim, co-founder of JVM said. “I I thought it was sparse.

Lending 418