Existing-home sales in 2013 were strongest in 7 years

Existing-home sales last year hit their highest level since 2006 as the housing market continued to stabilize, the NATIONAL ASSOCIATION OF REALTORS® (NAR) reported. Compared to 2012, existing-home sales in 2013 increased 9.1 percent to 5.09 million, marking the strongest performance since 2006, “when sales reached an unsustainably high 6.48 million at the close of …

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Homes under contract hit 2.5-year high in November

Demand in the Northeast and West drove an increase in pending home sales in November to the highest level in 2 1/2 years. Pending home sales grew by 1.7 percent from October to November and were up 9.8 percent from a year ago, reaching their highest level since April 2010, when buyers were rushing to …

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November Pending Home Sales Index at 31-Month High

The Pending Home Sales Index (PHSI) increased for the third straight month in November, improving 1.7 percent to 106.4, the National Association of Realtors reported Friday. Economists had expected a slightly fast, 1.8 percent increase to 106.7. The index, the NAR said, is at its highest level since April 2010. The index for October was …

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California Promising Despite Drop in Sales: C.A.R.

The California Association of Realtors (C.A.R.) reported Tuesday that, although pending home sales in the state fell from March to April, other statistics indicate a good start for the housing market. C.A.R.‘s Pending Home Sales Index (PHSI) fell from a revised 138.9 in March to 128.0 in April. This index was nearly 14 points higher …

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