Housing Wire
MARCH 28, 2024
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%. On a year-over-year basis, all four U.S. regions registered losses, NAR reported.
Housing Wire
JANUARY 3, 2023
“Pending home sales recorded the second-lowest monthly reading in 20 years as interest rates , which climbed at one of the fastest paces on record this year, drastically cut into the number of contract signings to buy a home,” Lawrence Yun, NAR’s chief economist, said in a statement. On a month over month basis, all four of the major U.S.
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Housing Wire
OCTOBER 28, 2022
An index of 100 is equal to the level of contract activity in 2001. The Federal Reserve has had to drastically raise interest rates to quell inflation, which has resulted in far fewer buyers and even fewer sellers.”. regions recorded year-over-year decreases in contract signings. All four major U.S. to a reading of 62.7.
Housing Wire
SEPTEMBER 15, 2023
of homes that went under contract that month, according to a new report from Redfin. Rates last month surged to 7.23%—the highest since 2001 – sending the typical homebuyer’s monthly payment up significantly from last year. Nearly 60,000 home-purchase agreements were canceled nationwide in August, equal to 15.7%
Housing Wire
NOVEMBER 29, 2021
From the National Association of Realtors : “The Pending Home Sales Index (PHSI), a forward-looking indicator of home sales based on contract signings, rose 7.5% An index of 100 is equal to the level of contract activity in 2001.” in October. Year-over-year, signings fell 1.4%.
Appraisal Today
DECEMBER 2, 2022
Counseling buyers, sellers, owners, and tenants on inspections and remediations, improvements, and the appraisal process. Counseling buyers, sellers, owners, and tenants about listing and offering prices, and market rent. I remember meeting George Harrison shortly after I moved to San Antonio in 2001. percent from 0.6
Housing Wire
AUGUST 24, 2023
This week, the 30-year fixed-rate mortgage reached its highest level since 2001 and indications of ongoing economic strength will likely continue to keep upward pressure on rates in the short-term,” said Sam Khater, Freddie Mac’s chief economist. By contrast, the 30-year fixed-rate mortgage was at 5.55% a year ago at this time.
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