Pending Home Sales Plummet 🏠

Pending home sales fell 10% in September, much worse than expected

Broadcast Media Production and... Broadcast Media Prod... | 1 year ago

Pending home sales, a measure of signed contracts on existing homes, dropped a much worse-than-expected 10.2% in September from August, according to the National Association of Realtors. Economists had predicted a 4% decline. Sales were down 31% year over year. This marks the lowest level on the pending sales index since June 2010, excluding April 2020, when the Covid pandemic was in its early days. Realtors point squarely to sharply higher mortgage rates, which had sat at record lows for the fi...

Home prices fell more between May and September this year than any previous year

seattlebubble seattlebubble | 5 years ago

Between May and September this year, the median sale price of single-family homes in King County has fallen 8.0 percent. Most years home prices rise between May and September. The biggest decline between those months in previous years was 5.7 percent in 2008… The post Home prices fell more between May and September this year than any previous year appeared first on Seattle Bubble.

Surge in trust registrations expected ahead of September deadline

mashvisor mashvisor | 2 years ago

A surge in the registration of new and existing trusts with HMRC is expected ahead of the deadline of 1 September. Only 153,241 trust registrations have been received by HMRC since the Trust Registration Service began in June 2017, according to a freedom of information request from Canada Life. The majority of express trust trustees must register trusts through the HMRC portal before September. HMRC has not yet finalized its penalty regime for late submissions, but initial proposals suggested t...

Pending home sales fell 20% in June versus a year earlier as mortgage rates soared

Broadcast Media Production and... Broadcast Media Prod... | 1 year ago

Signed contracts to purchase existing homes dropped 20% in June compared with the same month a year ago, the National Association of Realtors said Wednesday. That is the slowest pace since September 2011, with the exception of the first two months of the coronavirus pandemic lockdowns, when sales plunged briefly and then rebounded sharply. On a monthly basis, pending home sales fell a wider-than-expected 8.6% in June. A Dow Jones survey of economists had predicted a 1% drop. The steep declines c...

Sales of existing homes fell in May, and more declines are expected

Broadcast Media Production and... Broadcast Media Prod... | 1 year ago

Sales of existing homes in May dropped 3.4% to a seasonally adjusted annualized rate of 5.41 million units, according to the National Association of Realtors. Sales were 8.6% lower than in May 2021. April's sales were revised slightly lower as well. This is the weakest reading since June 2020, which was during the early months of the Covid pandemic. Adjusting for that, it is the lowest since January 2020. This reading is based on closings during the month, therefore representing contracts likely...

nationalmortgageprofessional nationalmortgageprof... | 1 year ago

Analysis and Data New-Home Sales Fell Sharply In June David Krechevsky Jul 26, 2022 Sales of new single-family homes fell 8.1% in June from May. KEY TAKEAWAYS Sales of new homes posted a seasonally adjusted annual of 590,000 nationwide in June, down 8.1% from May and down 17.4% from June 2021, ac...

Collapse in Dallas-Fort Worth home sales worse than Great Recession

bizjournals bizjournals | 1 year ago

The downturn in home sales in Dallas-Fort Worth exceeds the collapse in sales experienced during the worst of the Great Recession. And the number of pending sales, a leading indicator into next month, foretells even slower home sales ahead.

www.realtor.com www.realtor.com | 1 year ago

The numbers: 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 declining mortgage application volume. Key details: Compared with ...

realestateinvestingtoday realestateinvestingt... | 1 year ago

The National Association of Realtors is reporting that pending home sales were down 1.2% in March, 2022. The NAR’s Pending Home Sales Index (a forward-looking indicator based on contract signings) dropped to 103.7. “The falling contract signings are implying that multiple offers will soon dissipate and be replaced by much calmer and normalized market conditions…As [...] The post Pending Home Sales Drop 1.2% in March appeared first on Real Estate Investing Today.