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
An index of 100 is equal to the level of contract activity in 2001. Pending-home sales in November reflect a freeze in the housing market, as buyers remain on the sideline and sellers are staying put,” Odeta Kushi, First American’s deputy chief economist, said in a statement.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
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.”. or lower mortgage rate they locked in at.
Housing Wire
SEPTEMBER 15, 2023
Rates last month surged to 7.23%—the highest since 2001 – sending the typical homebuyer’s monthly payment up significantly from last year. A lot of sellers are also willing to let buyers slip away because they don’t want to concede to repair requests,” Morre said. That rate is up from 14.3% million in August, falling 1.1%
Housing Wire
JUNE 15, 2022
The Texas firm has locations in more than 25 cities and connects with sellers more than 100,000 local investors looking to rehab houses, according to its website. It estimates there are about 3 million “aged properties” in the Chicago area alone, with almost 88% of them built before 2001.
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.
Housing Wire
AUGUST 30, 2022
Total Inventory had been growing from 2001-2005; total listings data in 2005 was at the higher historical range of 2.5 NAR Total Listing Data: If we cut the timeline to the last time inventory grew, which was 2014, you can see this downtrend in inventory, unlike 2001-2005, when inventory grew from 2 million to 2.5 million listings.
Expert insights. Personalized for you.
466 
Let's personalize your content