Pending Home Sales Up 2% in October; All 4 U.S. Regions Record Gains

Pending home sales ascended in October, the third consecutive month of increases, according to the National Association of REALTORS® (NAR). All four major U.S. regions experienced month-over-month gains in transactions, with the Northeast leading the way. Year-over-year, contract signings increased in all four U.S. regions, led by the West. The Pending Home Sales Index (PHSI),… Continue reading Pending Home Sales Up 2% in October; All 4 U.S. Regions Record Gains

Brian Buffini, Dr. Lawrence Yun to Offer Expert Insights in 2025 Housing Market Forecast

Buffini & Company has announced it will air its annual “Bold Predictions: 2025 Real Estate Market Outlook” in December, featuring real estate coaching icon Brian Buffini and special guest Dr. Lawrence Yun, chief economist for the National Association of REALTORS®. This exclusive, free broadcast airs on Monday, Dec. 9, at 10 a.m. PST/1 p.m. EST.… Continue reading Brian Buffini, Dr. Lawrence Yun to Offer Expert Insights in 2025 Housing Market Forecast

Pending Home Sales Up 0.6% in August; Only Northeast Down in Transactions

Pending home sales in August rose 0.6%, following a 5.5% drop-off in July, according to the National Association of REALTORS® (NAR). The Midwest, South and West posted monthly gains in transactions, while the Northeast recorded a loss. Year-over-year, the West registered growth, but the Northeast, Midwest and South declined. Year-over-year, pending transactions were down 3%.… Continue reading Pending Home Sales Up 0.6% in August; Only Northeast Down in Transactions

Pending Home Sales Rise After 3 Months of Decline

In June, pending home sales saw a spike, rising 4.8%, according to new data released by the National Association of REALTORS® (NAR)—a turnaround from three consecutive months of decline. Mortgage rates “fell through the month, dipping below 7% and continuing to fall to 6.86% by the end of the month,” explained Realtor.com® Sr. Economic Research… Continue reading Pending Home Sales Rise After 3 Months of Decline

Pending Home Sales Dropped 2.1% in May; Northeast and West Record Gains

Pending home sales in May slipped 2.1%, according to the National Association of REALTORS® (NAR). The Midwest and South posted monthly losses in transactions, while the Northeast and West recorded gains. Year-over-year, all U.S. regions registered reductions. This month follows the trend of last, when sales were down 7.7%. Year-over-year, pending transactions were down 6.6%. … Continue reading Pending Home Sales Dropped 2.1% in May; Northeast and West Record Gains

Spring Selling Season Wilts Early as Pending Sales Plummet

According to the National Association of REALTORS®’ (NAR) latest report, pending home sales fell 7.7% in April. All four U.S. regions posted month-over-month and year-over-year decreases, and pending contract transactions were also down 7.4%. “The impact of escalating interest rates throughout April dampened homebuying, even with more inventory in the market,” said NAR Chief Economist… Continue reading Spring Selling Season Wilts Early as Pending Sales Plummet

Pending Home Sales Jump 3.4% in March, Expected to Continue Upward Trend

Despite rising mortgage rates, pending home sales jumped 3.4% in March, according to the latest housing report from the National Association of REALTORS® (NAR). Transaction volumes in the Northeast, South and West bore witness to monthly increases, as the Midwest was the only region to have recorded a loss. Year-over-year however, only the Midwest and… Continue reading Pending Home Sales Jump 3.4% in March, Expected to Continue Upward Trend

Pending Home Sales See Slight Increase in February

Pending home sales increased 1.6% in February, with the Midwest and South each posting monthly gains in transactions, while the Northeast and West posted losses. All four U.S. regions saw year-over-year decreases, however, according to a March 28 report from the National Association of REALTORS® (NAR). The Pending Home Sales Index (PHSI)—a forward-looking indicator of… Continue reading Pending Home Sales See Slight Increase in February

Pending Home Sales Decline in January; All 4 Regions Down Year-Over-Year

Pending home sales in January dropped 4.9%, according to a report issued Feb. 29 by the National Association of REALTORS® (NAR). The Northeast and West posted monthly gains in transactions while the Midwest and South recorded losses. All four U.S. regions registered year-over-year decreases. The Pending Home Sales Index (PHSI)—a forward-looking indicator of home sales… Continue reading Pending Home Sales Decline in January; All 4 Regions Down Year-Over-Year

Report: Most Metro Areas Experienced Home Price Gains in Q4 2023

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More than 85% of metro markets (189 out of 221) registered home price increases in the fourth quarter of 2023 as the 30-year fixed mortgage rate dropped from 7.79% to 6.61%, according to the National Association of REALTORS®’ (NAR) latest report on Feb. 8. Fifteen percent of the 221 tracked metro areas experienced double-digit price… Continue reading Report: Most Metro Areas Experienced Home Price Gains in Q4 2023