Remove 2021 Remove Contracts Remove Marketing Remove Realtors
article thumbnail

Pending home sales down nearly 25% from 2021 in August

Housing Wire

according to data released Wednesday by the National Association of Realtors. An index of 100 is equal to the level of contract activity in 2001. How to make digital marketing easy and effective for mortgage professionals. regions recorded year-over-year decreases in contract signings. In July , the index fell 1.0%

Contracts 379
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

Red-hot US housing market begins to cool

Housing Wire

Though the demand for homes remained strong across the United States in August, there are clear signs that the housing market is past its peak. Still, the 69,563 homes that went into contract represented a 9% decrease from the high point set in May 2021. from 55% in early July 2021, according to Redfin.

article thumbnail

Housing Market Sees a 3.8% Decrease in Pending Home Sales in December

Appraisal Buzz

Pending home sales fell in December, denoting two straight months of declines, according to the National Association of Realtors. regions posted both month-over-month and year-over-year drops in contract activity. An index of 100 is equal to the level of contract activity in 2001. The post Housing Market Sees a 3.8%

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). Mortgage rates are the dominant factor driving home sales, and recent declines in rates are clearly helping to stabilize the market.” compared to December 2021. compared to December 2021. month over month in December to a reading of 76.9,

Contracts 414
article thumbnail

Pending home sales dip as “seesaw” market continues

Housing Wire

in June, according to the National Association of Realtors , which tracks the metric. (An An index of 100 is equal to the average level of contract activity during 2001, the first year examined. million in 2022 from 6 million in 2021. The overall pending home sales index fell 1.9% million.). . in 2022. .”

Marketing 433