Remove 2021 Remove Buyers Remove Contracts Remove Realtors
article thumbnail

December 2021 REALTORS® Confidence Index Survey: Fewer Buyers Waiving Appraisal, Inspection Contract Contingencies

National Association of Realtors

The fraction of buyers who are waiving appraisal and inspection contract contingencies has been trending downwards in recent months, with REALTORS® saying that 19% of buyers waived the inspection contingency in December 2021, down from 27% in July, and 21% waived the appraisal contingency, down from 29% in June.

article thumbnail

Pending home sales continue to slip as 2021 approaches

Housing Wire

year-over-year, according to a report from the National Association of Realtors. Year-over-year, contract signings increased by 16.4%. As 2021 approaches, Yun predicts that there will be a slight uptick in mortgage rates to around 3%, existing-home sales to increase by roughly 10% and new home sales to increase by 20%.

Contracts 532
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Pending home sales shock 2021 housing crash bears

Housing Wire

in October — and since we are days away from December, we can officially label the 2021 housing crash bears as even worse than the 2020 housing crash bears. 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%

Inventory 527
article thumbnail

Commission lawsuit: HomeServices files motion for judgment as a matter of law

Housing Wire

KANSAS CITY, Missouri — The second week of the Sitzer/Burnett class-action buyer broker commission antitrust lawsuit kicked off with a bang. In the motion, HomeServices claimed that no evidence has been presented to show they conspired with the National Association of Realtors (NAR) and other brokerages on rules for commissions.

Law 416
article thumbnail

Pending home sales rise for the first time since May 2022

Housing Wire

according to data released Friday by the National Association of Realtors (NAR). compared to December 2021. An index of 100 is equal to the level of contract activity in 2001. “We Interested buyers are out there. After six consecutive months of declines, the Pending Home Sales Index rose 2.5%

Contracts 414
article thumbnail

The current challenges to increasing the homeownership gap

Housing Wire

As the calendar has turned to May, and the Realtor Legislative Meetings have come to a close, it’s a good time to reflect on research that was released last month and throughout early 2022. These reports highlight the difference home buyers and potential home buyers have when embarking on the buying process.

article thumbnail

Rising home prices take a toll on pending home sales

Housing Wire

in October – the second consecutive month the index has fallen as affordability strains the market, a recent report from the National Association of Realtors said. However, borrowers are still maintaining a strong pace, as contract signings are up 20.2% pending home sales fell 1.1% compared to a year ago.

Realtors 532