Tag Archives: Pending-Home Sales

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.

Despite the rough start to the year, pending home sales recently rose to their highest level in seven months and are still higher than a year ago.

While winter months typically provide an expected seasonal cooling of the housing market, there are two other pressing factors in the equation that are keep buyers out of the market.

Recent reports have shown that increasing demand and low inventory levels are fueling home prices and are likely the driving factor of the recent uptick in construction spending, but will the U.S. Census Bureau deliver more promising news for an industry in need this week?

Buyers that signed contracts to buy existing homes are being stopped by one major problem in the housing market—fewer options in the housing market.

NAR Chief Economist Lawrence Yun believes pending home sales have been restrained in the fall season as "buyers struggle to overcome a scant number of available homes for sale and prices that are rising too fast in some markets."

Pending home sales loss more momentum in September 2015 for the second consecutive month due to scarce housing inventory, the National Association of Realtors announced Thursday.

The National Association of Realtors found pending home sales fell in August as contract signings modestly declined, but they still project healthy supply and demand and price growth.

Pending home sales increased slightly in July for the sixth time in seven months, according to the National Association of Realtors. The Pending Home Sales Index increased 0.5 percent to 110.9 in July from an upwardly revised 110.4 in June.