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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 in December.

Contracts 427
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Buyers are getting cold feet as mortgage rates exceed 7%: Redfin

Housing Wire

Rates last month surged to 7.23%—the highest since 2001 – sending the typical homebuyer’s monthly payment up significantly from last year. New Listings Tick Up Slightly, But Overall Housing Supply Remains at Record Low New listings rose 0.8% Year-over-year new listings were down 14.4%.

Buyers 417
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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. But new listings activity grew by 9.1% NAR’s Pending Home Sales Index (PHSI) increased to 77.3 in December, up from 71.6 in November. On a year-over-year basis, pending sales were up 1.3%. year over year.

Contracts 454
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Pending home sales are down 31% from last year

Housing Wire

An index of 100 is equal to the level of contract activity in 2001. Yun noted that new listings are down compared to a year ago, as many existing homeowners do not want to give up the 3.0% Persistent inflation has proven quite harmful to the housing market,” Lawrence Yun, NAR’s chief economist, said in a statement.

Contracts 523
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Why home-price growth is still up 18% year over year

Housing Wire

Total Inventory had been growing from 2001-2005; total listings data in 2005 was at the higher historical range of 2.5 million listings. Today, we stand at 1,310,000 active listings. Today, we stand at 1,310,000 active listings. I don’t need to see total active listing get back to the historical range of 2-2.5

Inventory 383
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2023 Maine Year in Review

Lamacchia Realty

Sellers are hesitant to put their homes on the market because they are reluctant to give up their pandemic-era interest rates, contributing to the lowest number of new listings since 2001. Contrary to popular belief, interest rates don’t just impact buyers, they impact sellers as well as demonstrated in 2023.

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Will Springer Realtor - Untitled Article

Will Springer Realtor

The reason, beyond the seasonal spring burst of new listings, may be tied to a recent legal settlement between Insignia’s Homeowners Association and Bosa Development Washington on a litany of building defect claims. With the settlement, a wave of new listings hit the market in the past several weeks. bath , 5546 sq.

HOA 36