Tag Archives: Pending-Home Sales

The ongoing short supply of available homes for sale appears to have created a sense of urgency among some buyers, according to one analysis.

Single-family housing inventory has been tight for many months, and it’s having an adverse effect on the housing market.

Pending home sales have cooled off in three of the past four months. Could this be a sign of a stalling housing market?

Pending home sales in July swelled to their second-highest numbers in more than a decade, in the face of the tight inventory. What drove the increase?

Tight inventory, affordability constraints, and uneven regional numbers had an adverse effect on pending home sales in June. The industry will find out how pending home sales fared in July when NAR publishes its report on Wednesday, August 31.

A number of factors hampered what was supposed to have been a boost to mortgage activity in June, leaving pending home sales up slightly but essentially flat for the month.

NAR chief economist Lawrence Yun said the strong demand that has been frustrating buyers and the spring’s swift sales “took a dent out of what was available for sale in May and ultimately dragged down contract activity.”

In April, pending home sales reached their highest point in a decade, contributing toward making 2016 the best spring homebuying season in a decade. Can they maintain that level in May?

For the third consecutive month in April, pending home sales rose to reach their highest level since February 2006, showing strong promise of more buyers entering the market.

Pending home sales returned with a vengeance in March to the highest reading since May 2015, despite inventory deficiencies and rising home prices.