Posts Tagged ‘pending home sales’Housing Perspective: July Pending Home SalesHomes under contract to buy rose in July for the sixth straight month, reaffirming the widely held view that the worst of the housing market correction is behind us. The index of pending home sales rose 3.2% from the month before, according to Bloomberg. Even Mark Zandi, the famously bearish chief economist at Moody’s Economy.com, [...] Housing Perspective: June Pending Home SalesPositive data continues to emerge from the housing market, as buyers take advantage of home prices that have fallen dramatically from their peak, along with low interest rates, tax credits and a stock market that can’t seem to be kept down. Pending Home Sales in June, which measure signed purchase contracts and are often examined [...] Housing Perspective: May Pending Home SalesDespite markedly higher interest rates and problematic new appraisal guidelines, homebuyers are still stepping back into the market. The National Association of Realtors said yesterday that pending home sales, which measure new purchase contracts signed, rose in May for the fourth consecutive month. According to Bloomberg, the 0.1% gain from the prior month barely edged [...] Housing Perspective: April Pending Home SalesThe barrage of positive housing data continued yesterday as April Pending Home Sales — which measure contracts signed for new purchases — jumped 6.7% from a month ago. The index, which is viewed as a leading indicator for future sales, was also up 3.2% from this time last year, according to Bloomberg. Sales continued to [...] Housing Perspective: March Pending Home SalesThe National Association of Realtors, or NAR, released its Pending Home Sales Index today, which showed continued strength in broad housing market data. The report, which measures signed contracts — often viewed as a leading indicator for future sales — came in at 84.6, up from 82.0 last month and the 83.7 reading in March [...] Housing Perspective: February Pending Home SalesFollowing a pattern set with both existing home sales and new homes sales, pending home sales bounced in February, up 2.1% from the previous month. The National Association of Realtors’ released its monthly index that tracks the number of signed contracts, showing a gain to 82.1, from 80.4 in January. A reading under 100 indicates [...] Housing Perspective: January Pending Home SalesBreaking a trend of rising Pending Home Sales, the index of signed purchase contracts fell in January, down 7.7% from December, according to the National Association of Realtors (or NAR). The drop was more than twice as bad as economists’ expectations — and by “expectations” we mean wild stabs in the dark. Pending Home Sales, [...] Housing Perspective: December Pending Home SalesBy AUSTIN NELSON Data released by the NAR yesterday show that pending home sales increased at the national level by over 6% in December 2008. Analysts had been expecting the reading to be unchanged from the previous month. This index theoretically predicts home sale trends for the following month by looking at the number of [...] |