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Pending home sales plummet to all-time low in May: NAR

Housing Wire

An index of 100 is equal to the level of contract activity in 2001. According to industry analysts, this is the lowest index reading recorded since NAR began collecting the data in 2001. Experts attribute the drop in pending home sales to mortgage rate volatility.

Inventory 493
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NAR Forecasts 2024 Existing-Home Sales

Appraisal Buzz

Indicator of prospective home sales based on contract signings, the Pending Home Sales Index (PHSI) dropped to 70.8 The level of contract activity in 2001 is represented by an index of 100. Per the report, every U.S. region had decreases over the previous year. Pending transactions were down 6.6% from the previous year.

Contracts 418
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Keller Williams named to yet another profit-sharing lawsuit

Housing Wire

Jana Caudill was a sales associate with Keller Williams from February 1, 2001 to December 14, 2011, and Dennis Caudill was a sales associate with Keller Williams from February 1, 2001, to December 14, 2011.

Brokerage 460
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Pending home sales were flat in April, but the South is a bright spot

Housing Wire

An index of 100 is equal to the level of contract activity in 2001. The South’s pending home sales activity is similar to that of 2001, but the Midwest’s activity has decreased by 22% in that same period, and the Northeast and West regions are both about 40% lower than they were in 2001.”

Inventory 388
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Pending home sales pick up in February: NAR

Housing Wire

For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. NAR’s Pending Home Sales Index increased to 75.6 in February, up from 74.3 in January. On a year-over-year basis, pending sales were down 7%.

Inventory 468
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Pending home sales recede in January: NAR

Housing Wire

For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. Meanwhile, new home sales , which are also a measure of contract signings, reached a seasonally adjusted annual rate of 661,000 in January, up 1.5% NAR’s Pending Home Sales Index (PHSI) decreased to 74.3 in January, down from 77.3

Contracts 441
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Pending home sales surged in December: NAR

Housing Wire

For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. New home sales , another measure of contract signings, rose 8% in December on the back of declining mortgage rates. The Northeast was the only region to see a decline in contract signings, with a drop of 3% month over month and 3.9%

Contracts 468