pending home sales - Articles

Purchases of Existing Homes Level Off in November

Gene J. Puskar/The Associated Press By Christopher Rugaber WASHINGTON -- The number of Americans who signed contracts to buy existing homes in November was essentially unchanged from October, suggesting sales are stabilizing after several months of declines. The National Association of Realtors said Monday that its... Continue Reading »

Secrets of the 'Sale Pending' Sign

David Zalub/The Associated Press By Brendon DeSimone Before the days of online real estate listings, you knew a home sale was pending because you'd see a big red sticker across the "for sale" sign on the front lawn. But for homebuyers searching listings online, it's common to discover the words "pending" or "sale... Continue Reading »

Pending Home Sales Fall for Third Straight Month

By CHRISTOPHER S. RUGABER WASHINGTON -- Fewer Americans signed contracts to buy U.S. homes in August, the third straight decline. The drop could mean that higher mortgage rates are starting to deter buyers. The National Association of Realtors says its seasonally adjusted index for pending home sales declined 1.6... Continue Reading »

Pending Home Sales Slip in July but Remain Solid

Gregory Bull/AP By CHRISTOPHER S. RUGABER WASHINGTON -- Fewer Americans signed contracts to buy U.S. homes in July, but the level stayed close to a 6½-year high. The modest decline suggests higher mortgage rates have yet to sharply slow sales. The National Association of Realtors said its seasonally adjusted index... Continue Reading »

Pending Home Sales Reach Highest Level in 3 Years

By Christopher S. Rugaber The number of Americans who signed contracts to buy homes ticked up in April to the highest level in three years. The increase points to growth in home sales in the coming months. The National Association of Realtors said Thursday that its seasonally adjusted index for pending home sales rose 0.3... Continue Reading »

U.S. Pending Home Sales Rise In March, NAR Says

WASHINGTON -- Contracts to purchase previously owned U.S. homes rose in March, as the housing market continues to accelerate this year. The National Association of Realtors said Monday that its Pending Sales Index, based on contracts signed last month, rose 1.5 percent to 105.7. Activity in recent months has shown modest... Continue Reading »

Signed Contracts to Buy U.S. Homes Dips Slightly

By MARTIN CRUTSINGER WASHINGTON (AP) - A measure of Americans who signed contracts to buy homes fell only slightly in February to the second-highest level in nearly three years. The report suggests sales of previously occupied homes will keep rising in the coming months. The National Association of Realtors says its... Continue Reading »

November Pending Home Sales Highest in 2.5 Years

A measure of Americans who signed contracts to buy homes increased last month to its highest level in two and a half years, the latest sign of improvement in the once-battered housing market. The National Association of Realtors said Friday that its seasonally adjusted pending home sales index rose 1.7 percent in November... Continue Reading »

Pending Home Sales Near 6-Year High

By Christopher S. Rugaber WASHINGTON -- An index measuring the number of Americans who signed contracts to buy homes in October jumped to nearly its highest level in almost six years. Steady job gains and record-low mortgage rates have made homebuying more attractive. The National Association of Realtors said Thursday... Continue Reading »

NAR: Pending Home Sales in August 2012 Slide 2.6%

WASHINGTON -- The number of Americans who signed contracts to buy previously occupied homes fell in August from a two-year high in July. The National Association of Realtors said Thursday that its index of sales agreements dropped 2.6 percent last month to 99.2. In July, the index rose to 101.9. That was the highest level... Continue Reading »

Contracts to Buy U.S. Homes Fell in June

By Christopher S. Rugaber WASHINGTON -- Americans signed fewer contracts to buy previously occupied homes last month, the latest sign the housing market recovery is uneven. The National Association of Realtors said Thursday that its index of sales agreements fell 1.4 percent last month to 99.3. May's reading was revised... Continue Reading »

Homebuying Contracts Match Their Highest Rate in 2 Years

By Christopher S. Rugaber WASHINGTON -- Americans signed more contracts to buy previously occupied homes in May, matching the fastest pace in two years. The increase suggests that home sales will rise this summer and the modest housing recovery will continue. The National Association of Realtors said Wednesday that its... Continue Reading »

Home Sales See Best 1st Quarter in 5 Years, Realtors Report Says

Supporting the view that the housing market is on a positive trajectory, a new report shows that the number of homes that are in the process of being sold is at its highest in two years. Meanwhile, the number of home sales that closed reached its best first quarter in 2012 since the dawn of the housing crisis, a National... Continue Reading »

Pending Home Sales Drop in December

WASHINGTON - The number of Americans who signed contracts to buy homes fell in December after hitting the highest level in a year and a half a month earlier. The National Association of Realtors says its index of sales agreements fell 3.5 percent last month to a reading of 96.6. That's down from November's reading of... Continue Reading »

Pending Home Sales Rise to Year and a Half High

WASHINGTON - The number of Americans who signed contracts to buy homes in November rose to the highest level in a year and a half. The best reading on pending homes sales since a federal home-buying tax credit expired appeared to encourage traders on Wall Street. Still, the National Association of Realtors cautioned that... Continue Reading »

Pending Home Sales Jump to Year High

WASHINGTON -- The number of Americans who signed contracts to buy homes jumped in October to the highest level in a year. But the gain follows three months of declines and isn't enough to signal a housing recovery. The National Association of Realtors said Wednesday that its index of sales agreements rose 10.4 percent... Continue Reading »

Pending House Sales Fall for 3rd Straight Month

WASHINGTON -- The number of Americans who signed contracts to buy homes fell for the third straight month in September after the spring-and-summer peak buying season failed to entice new buyers. The National Association of Realtors says its index of sales agreements fell 4.6 percent last month to a reading of 84.5. A... Continue Reading »

Pending Home Sales Drop as Buyer Obstacles Persist

WASHINGTON -- The number of Americans who signed contracts to buy homes fell in August, after a weaker-than-expected peak buying season. The National Association of Realtors said Thursday that its index of sales agreements fell 1.2 percent last month to a reading of 88.6 A reading of 100 is considered healthy. The last... Continue Reading »

Pending Home Sales Dip in July

WASHINGTON -- The number of people who signed contracts to buy homes fell in July, further evidence that the depressed housing market remains a drag on the economy. The National Association of Realtors said Monday that its index of sales agreements fell 1.3 percent in July to a reading of 89.7. A reading of 100 is... Continue Reading »

Pending Home Sales: Close but No Cigar

WASHINGTON -- The number of people who signed contracts to buy homes rose for a second month in June. But the gain was not enough to signal a rebound in the weak housing market. The National Association of Realtors reported Wednesday that its index of sales agreements for previously occupied homes rose 2.4 percent in June... Continue Reading »

Pending Home Sales Up in May

On the heels of yesterday's announcement that the Case Shiller home-price index rose for the first time in eight months comes another bit of good news. This time it's an uptick in pending home sales. Is it just a blip, or the beginning of a housing-market turnaround? HousingWire has the full story. Pending home sales... Continue Reading »

Home Sales Climb in Rocky Recovery

The housing market continues its stutter-step road to recovery, as the spring buying season gains momentum. Despite uneven growth in the past nine months, some experts believe homes sales have finally turned a corner. Pending home sales rose 5.1 percent to 94.1 in March from a downwardly revised 89.5 in February,... Continue Reading »

Home Sales Rise, but Hurdles Persist

The housing market is making strides in the right direction, but the summit is still a ways to go. Pending home sales bounced back with double-digit growth in October, a vast improvement since bottoming out in June. Pending home sales rose 10.4 percent to 89.3 based on contracts signed in October, up from 80.9 in... Continue Reading »

Home Sales Slip on Foreclosure Freeze

The housing market charted further into unknown territory on Friday, as pending home sales fell after two months of growth. The National Association of Realtors (NAR) announced Friday that contracts signed in September slid 1.8 percent to 80.9, down from an upwardly revised 82.4 in August. In context, an index of 100... Continue Reading »

Home Sales Up, but Long Way to Go

August was a surprisingly busy month for homebuyers. Pending home sales, which count the number of buyers who signed contracts for homes, increased 4.3 percent in August for the second consecutive month, according to the National Association of Realtors. But even with the rise, that level is 20 percent below the same... Continue Reading »

Pending-Home-Sales Surge Surprises Economists

After a gloomy month of frightening housing numbers, a ray of sunshine cut through the clouds. The Pending Home Sales Index for contracts signed in July rose 5.2 percent from June, according to the National Association of Realtors. While this is a 19.1 percent fall from last July's home sales numbers, economists had... Continue Reading »

Pending Home Sales Decline Points to Weak Recovery, Not Crash

Pundits warn of a new housing crash after a tiny number of people signed contracts to buy homes in June, according to the Pending Home Sales Index kept by the National Association of Realtors. The seasonally-adjusted Index sank to 75.7 in June. That's down slightly from May, and down steeply from April and March, when... Continue Reading »

Pending Home Sales: Decline Highlights High-Inventory Problem

Forget that home prices are stabilizing and new-home sales are rising, it's the amassing inventory of homes that could mire the housing market's recovery. According to The Wall Street Journal, the decline in the pending-home-sales index indicates that inventory is rising, meaning there are too many houses and too few... Continue Reading »

Pending Homes Sales Drop: Deflationary Spiral or Temporary Slowdown?

Buyers signed fewer contracts to buy homes in May than in any time since the government starting keeping records on them. Based on information from the National Association of Realtors, pending home sales dropped 30 percent from April -- from 110.9 to 77.6 -- which is also 15.9 percent below May 2009. While some believe... Continue Reading »

Springtime for Home Sales

Fierce snows and blasting February winds didn't stop homebuyers from signing contracts to buy homes. The pending homes sales index rose to a seasonally-adjusted 97.6 in February. That's up from 90.2 in January, according to the National Association of Realtors. The increase surprised experts who predicted home shoppers... Continue Reading »

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