Pending Home Sales Continue 5-month Slide in May Signed sale contracts are 2.2% below the level of one year ago, as increases in the Midwest, Northeast and West are outweighed by a drop in the South
California pending home sales data for May 2015 include: california pending home sales were up 12.1 percent on an annual basis from the revised 110.3 index recorded in May 2014, marking the sixth straight month of year-to-year gains and the fourth straight month of double-digit advances.
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Pending home sales continued to rise in May and are now at their highest level in over nine years, according to the National Association of Realtors. Gains in the Northeast and West were offset by small decreases in the Midwest and South. The Pending Home Sales Index, a forward-looking indicator based on contract signings, climbed 0.9 percent [.]
ORLANDO, Fla., June 20, 2013 /PRNewswire via COMTEX/ — Florida’s housing market continued its upswing in May, with higher closed sales, more pending sales, rising median prices, more new listings.
Fortunately, the very low mortgage rates — absent a tax credit — continue to make housing quite affordable," said Craig Thomas, a senior economist at PNC Financial Services in Pittsburgh. The.
Pending home sales inched. being encouraged to look for new homes at the prospect of rising mortgage rates. “Sadly, these positive indicators may not lead to a stronger sales pace. Buyers.
The Pending Home Sales Index for the month. will see from the tax cuts may give prospective buyers the ability to save for a larger down payment this year, and the healthy labor economy and job.
The Pending Home Sales Index for the Northeast region declined 5.1 percent to 93.9 points in December and was 2.7 percent below its year ago growth. The Midwest index decreased 0.3 percent to 105 points but was still higher by 0.3 percent compared with the year ago period.
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Pending home sales in the South decreased 0.8 percent to an index of 127.8 in May but are still 10.6 percent above last May. The index in the West rose 2.2 percent in May to 104.5, and is 13.0.
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The National Association of Realtors’ index of pending home sales rose less than expected, by 0.9% to a seasonally-adjusted 112.6.Pending home sales continue momentum in May "The housing market appears to be much improved from the lull across the first three months of the year, with activity picking up markedly.
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