Existing-home sales in the South dropped 5.4% to an annual rate of 2.09 million in December, down 8.7% from last year. The median price in the South was $224,300, up 2.5% from a year ago.
NAR’s Pending Home Sales. 28% last year and 30% this year through June, according to NAR data. “Strong price appreciation and an improving economy is finally giving some homeowners the incentive.
· In October pending home sales rose in three of four regions: up 27.3% in the Midwest, 19.6% in the Northeast and 7.1% in the South. The index fell 0.4% in the West.
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Pending home. is raising prospective home buyers’ confidence,” said Lawrence Yun, NAR chief economist. "An uptrend in closed sales is expected, although some months will encounter a modest setback..
Pending home sales warmed in February to their highest level in almost a year, rallying 5.5 percent in the National Association of REALTORS® (NAR) recently released Pending home sales index (PHSI)..
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The pending home sales index, a forward-looking indicator based on contract signings, increased 3.1% to 107.5 in February, up. last year. Home prices have grown 5.9% so far in 2018, which will only.
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From the NAR: Existing-Home Sales See 6.4 Percent Drop in december. current sales pace, down from 3.9 last month and up from 3.2 months a year ago.. from last month, and were 10.3% below the December 2017 rate.
Commenting on the latest National Association of Realtors' (NAR) Pending Home sales index. february's 4.9% increase was also up .06% year-over-year.
From the NAR: “NAR released its latest pending home sales index figure last week and for the second month in a row the index is up. But more than that. The fact that the index has returned to that.
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Pending home sales increased month on month in the United States in February but weakening affordability and not enough inventory on the market restricted overall activity compared to a year ago. Sales increased by 3.1% but activity is still 4.1% below where it was in February 2017, which was the second highest in over a [.]
Pending sales were up 10.8 percent. from the same time a year ago on an unadjusted basis. In its latest monthly economic outlook, also out today, NAR upped its forecast for existing-home sales in.
· Home sales fell sharply in the second half of 2018, culminating in an especially bleak December: Existing-home sales in the US fell 10.3% from last year, the steepest decline in.