Pending Home Sales Drop 8.6% in June - Real Estate Investing Today
Pending Home Sales Drop 8.6% in June - Real Estate Investing Today
Abstract
The National Association of Realtors is reporting that pending home sales were down 8.6% in June, 2022. The NARβs Pending Home Sales Index (a forward-looking indicator based on contract signings) dipped to 99.1. Home sales should start to rebound by early 2023, the NAR predicts.
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The National Association of Realtors is reporting that pending home sales were down 8.6% in June, 2022.Β The NARβs Pending Home Sales Index (a forward-looking indicator based on contract signings) dipped to 99.1.Β The NAR predicts home sales should start to rebound by early 2023.Β Indeedβ¦ βHome sales will be down by 13% in 2022, according to our latest projectionβ¦With mortgage rates expected to stabilize near 6% and steady job creation, home sales should start to rise by early 2023..
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The National Association of Realtors is reporting that pending home sales were down 8.6% in June, 2022.Β The NARβs Pending Home Sales Index (a forward-looking indicator based on contract signings) dipped to 99.1.Β The NAR predicts home sales should start to rebound by early 2023.Β Indeedβ¦ βHome sales will be down by 13% in 2022, according to our latest projectionβ¦With mortgage rates expected to stabilize near 6% and steady job creation, home sales should start to rise by early 2023..
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The National Association of Realtors is reporting that pending home sales were down 3.9% in April, 2022.Β The NARβs Pending Home Sales Index (a forward-looking indicator based on contract signings) dropped to 99.3, down 3.9% month-pver-month.Β Pending sales have now dropped for eleven consecutive months. βPending contracts are telling, as they better reflect the timelier impact from higher mortgage rates than do closingsβ¦The latest contract signings mark six consecutive months of decline...
The National Association of Realtors is reporting that pending home sales were down 3.9% in April, 2022.Β The NARβs Pending Home Sales Index (a forward-looking indicator based on contract signings) dropped to 99.3, down 3.9% month-pver-month.Β Pending sales have now dropped for eleven consecutive months. βPending contracts are telling, as they better reflect the timelier impact from higher mortgage rates than do closingsβ¦The latest contract signings mark six consecutive months of decline...
The National Association of Realtors is reporting that existing home sales were down 2.4% in April to a seasonally-adjusted annual rate of 5.61 million (down 5.9% from one year ago).Β Total housing inventory at the end of April was 1,030,000 units, down 10.4% from one year ago.Β Unsold inventory sits at a 2.2-month supply at [...]
The post Existing Home Sales Drop 2.4% in April appeared first on Real Estate Investing Today.
The National Association of Realtors is reporting that existing home sales were down 2.4% in April to a seasonally-adjusted annual rate of 5.61 million (down 5.9% from one year ago).Β Total housing inventory at the end of April was 1,030,000 units, down 10.4% from one year ago.Β Unsold inventory sits at a 2.2-month supply at [...]
The post Existing Home Sales Drop 2.4% in April appeared first on Real Estate Investing Today.
The National Association of Realtors is reporting that existing home sales were down 1.5% in September to a seasonally-adjusted annual rate of 4.71 million (down 23.8% year over year).Β Total housing inventory at the end of September was 1,250,000 units, down 2.3% from August and down 0.8% from one year ago.Β Unsold inventory sits at a 3.2-month supply at the current sales rate with properties remaining on the market for around 19 days.Β The median existing-home price for all housing types in...
The National Association of Realtors is reporting that existing home sales were down 1.5% in September to a seasonally-adjusted annual rate of 4.71 million (down 23.8% year over year).Β Total housing inventory at the end of September was 1,250,000 units, down 2.3% from August and down 0.8% from one year ago.Β Unsold inventory sits at a 3.2-month supply at the current sales rate with properties remaining on the market for around 19 days.Β The median existing-home price for all housing types in...
The National Association of Realtors is reporting that pending home sales were up 0.7% in May, 2022.Β The NARβs Pending Home Sales Index (a forward-looking indicator based on contract signings) climbed to 99.9.Β The NAR says pending home sales broke a six-month skid with this slight rise. βDespite the small gain in pending sales from the prior month, the housing market is clearly undergoing a transitionβ¦Contract signings are down sizably from a year ago because of much higher mortgage ra...
The National Association of Realtors is reporting that pending home sales were up 0.7% in May, 2022.Β The NARβs Pending Home Sales Index (a forward-looking indicator based on contract signings) climbed to 99.9.Β The NAR says pending home sales broke a six-month skid with this slight rise. βDespite the small gain in pending sales from the prior month, the housing market is clearly undergoing a transitionβ¦Contract signings are down sizably from a year ago because of much higher mortgage ra...
The National Association of Realtors is reporting that existing home sales were down 0.4% in August to a seasonally-adjusted annual rate of 4.8 million (down 19.9% year over year).Β Total housing inventory at the end of August was 1,280,000 units, down 1.5% from July and unchanged from one year ago.Β Unsold inventory sits at a 3.2-month supply at the current sales rate with properties remaining on the market for around 16 days.Β The median existing-home price for all housing types in July was...
The National Association of Realtors is reporting that existing home sales were down 0.4% in August to a seasonally-adjusted annual rate of 4.8 million (down 19.9% year over year).Β Total housing inventory at the end of August was 1,280,000 units, down 1.5% from July and unchanged from one year ago.Β Unsold inventory sits at a 3.2-month supply at the current sales rate with properties remaining on the market for around 16 days.Β The median existing-home price for all housing types in July was...
The U.S. Government is reporting that sales of new single-family houses in June, 2022 were at a seasonally adjusted annual rate of 590k, which is 8.1% lower than Mayβs revised rate and is 17.4% lower than one year ago.Β The median sales price of new houses sold in September was $402,400k with an average sales price of $456,800.Β There were an estimated 457k new houses for sale at the end of March representing a 9.3-month supply at the current sales rate. Click here to read the full report a...
The U.S. Government is reporting that sales of new single-family houses in June, 2022 were at a seasonally adjusted annual rate of 590k, which is 8.1% lower than Mayβs revised rate and is 17.4% lower than one year ago.Β The median sales price of new houses sold in September was $402,400k with an average sales price of $456,800.Β There were an estimated 457k new houses for sale at the end of March representing a 9.3-month supply at the current sales rate. Click here to read the full report a...
The National Association of Realtors is reporting that existing home sales were down 5.4% in June to a seasonally-adjusted annual rate of 5.12 million (down 14.2% year over year).Β Total housing inventory at the end of June was 1,260,000 units, up 2.4% from one year ago.Β Unsold inventory sits at a 3-month supply at the current sales rate with properties remaining on the market for around 14 days.Β The median existing-home price for all housing types in June was $416k, up 13.4% from one year ...
The National Association of Realtors is reporting that existing home sales were down 5.4% in June to a seasonally-adjusted annual rate of 5.12 million (down 14.2% year over year).Β Total housing inventory at the end of June was 1,260,000 units, up 2.4% from one year ago.Β Unsold inventory sits at a 3-month supply at the current sales rate with properties remaining on the market for around 14 days.Β The median existing-home price for all housing types in June was $416k, up 13.4% from one year ...
The National Association of Realtors is reporting that pending home sales were down 1.2% in March, 2022.Β The NARβs Pending Home Sales Index (a forward-looking indicator based on contract signings) dropped to 103.7. βThe falling contract signings are implying that multiple offers will soon dissipate and be replaced by much calmer and normalized market conditionsβ¦As [...]
The post Pending Home Sales Drop 1.2% in March appeared first on Real Estate Investing Today.
The National Association of Realtors is reporting that pending home sales were down 1.2% in March, 2022.Β The NARβs Pending Home Sales Index (a forward-looking indicator based on contract signings) dropped to 103.7. βThe falling contract signings are implying that multiple offers will soon dissipate and be replaced by much calmer and normalized market conditionsβ¦As [...]
The post Pending Home Sales Drop 1.2% in March appeared first on Real Estate Investing Today.
The numbers:Β U.S. pending-home sales fell in June by 8.6%, according to the monthly index released Wednesday by the National Association of Realtors. Analysts polled by the Wall Street Journal had forecast the pending home sales index to drop by 1%. The drop in pending home sales is the biggest since the depths of the pandemic in April and March 2020. It also follows gloomy data on new home sales, builder confidence, as well as decliningΒ mortgage application volume. Key details: Compared with ...
The numbers:Β U.S. pending-home sales fell in June by 8.6%, according to the monthly index released Wednesday by the National Association of Realtors. Analysts polled by the Wall Street Journal had forecast the pending home sales index to drop by 1%. The drop in pending home sales is the biggest since the depths of the pandemic in April and March 2020. It also follows gloomy data on new home sales, builder confidence, as well as decliningΒ mortgage application volume. Key details: Compared with ...