Pending home sales continued to rise in November, reaching their highest level in 19 months, the National Association of Realtors (NAR) reported late last week. The trade group’s index of signed sales contracts jumped 7.3 percent between October and November and is 5.9 percent above its level a year earlier. The last time the index …
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Fannie Mae’s latest market outlook continues to call for a “modest improvement” in housing activity this year, although the prevalence of distressed properties on the market has led to renewed weakness in home prices and the industry’s shadow inventory looms large. The GSE’s chief economist notes that as the economic recovery approaches its two-year anniversary …
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Video is from www.Realtor.org. Pending home sales increased again in March, affirming that a surge of home sales is unfolding for the spring home buying season, according to the National Association of Realtors®. The Pending Home Sales Index,* a forward-looking indicator based on contracts signed in March, rose 5.3 percent to 102.9 from 97.7 in …
After declining for two consecutive months, pending sales of existing homes unexpectedly increased in February, the National Association of Realtors (NAR) reported Monday. The trade group’s pending home sales index rose 2.1 percent compared to January but remains 8.2 percent below February 2010. The index reading for last month was 90.8. Despite the month-to-month increase, …
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