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The ugly side of housing: low inventory

Housing Wire

After eight months of consecutive gains, the consequences of low inventory finally caught up with the housing market in February. drop in the number of homes in contract from the prior month, according to new data from the National Association of Realtors. Tightened supply was largely responsible for a 10.6%

Inventory 493
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Pending home sales fall to their lowest level in two decades

Housing Wire

Pending home sales in October fell to their lowest level since 2001. in October on a month-over-month basis, according to data released Thursday by the National Association of Realtors (NAR). In today’s tough housing market, the rental market is cooling off, giving some relief to homebuyers. down from 72.6

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

Housing Wire

After falling for the first time since November 2022 in March , pending home sales remained unchanged in April, according to data released Thursday by the National Association of Realtors (NAR). An index of 100 is equal to the level of contract activity in 2001. annual drop recorded in March.

Inventory 380
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Pending home sales pick up in February: NAR

Housing Wire

month over month, according to the newest data released Thursday by the National Association of Realtors (NAR). For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. Ongoing job gains are clearly increasing demand along with more inventory.” Overall, active inventory grew 14.8%

Inventory 449
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Pending home sales surged in December: NAR

Housing Wire

month over month in December, according to the newest data from the National Association of Realtors (NAR). For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. Looking ahead Confronted with limited existing home inventory, many buyers have pivoted to newly constructed homes. in November.

Contracts 450
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Pending home sales fell 2.7% in May though demand remains strong

Housing Wire

After holding steady month over month in April , pending home sales were back down again in May, dropping 2.7%, according to data released Thursday by the National Association of Realtors (NAR). An index of 100 is equal to the level of contract activity in 2001. annual drop recorded in April.

Contracts 363
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Pending home sales fell 7.1% in August

Housing Wire

in August, according to data released Thursday by the National Association of Realtors (NAR). An index of 100 is equal to the level of contract activity in 2001. Yun also expressed concern about a possible government shutdown, which could worsen the conditions in the housing market. “It All four regions of the U.S.