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Pending home sales rise for the first time since May 2022

Housing Wire

Pending home sales ended 2022 on a positive note. according to data released Friday by the National Association of Realtors (NAR). An index of 100 is equal to the level of contract activity in 2001. “We After six consecutive months of declines, the Pending Home Sales Index rose 2.5% compared to December 2021.

Contracts 414
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Opinion: Here’s the latest data on what Realtors are witnessing in the housing market

Housing Wire

The monthly Realtors Confidence Index helps to dispel many of the myths and cut through the noise of what is currently happening in the market. The National Association of Realtors Research Group has produced the index since 2008, at a time of turmoil in the real estate market. In comparison, in 2011, homes took 96 days to sell. .

Realtors 383
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Consumer advocacy group: Buyer agency agreements often contain “unfair” terms

Housing Wire

As brokerages across the country have begun implementing buyer agency contracts into their business practices in the wake of the Sitzer/Burnett commission lawsuit verdict, the Consumer Federation of America is warning consumers that they may be filled with “unfair provisions” that primarily protect agents and brokers.

Buyers 356
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NAR board votes to leave dues unchanged in 2025

Housing Wire

The National Association of Realtors’ (NAR) board of directors voted to leave member dues unchanged in 2025. The vote occurred Thursday during the final day of NAR’s midyear conference, the Realtors Legislative Meetings, according to Inman , which first reported the story. In 2023, NAR raised dues from $150 to $156.

Realtors 318
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Pending Home Sales Decrease Nearly 4 Percent in April 2022

Appraisal Buzz

Pending home sales slipped in April, as contract activity decreased for the sixth consecutive month, the National Association of Realtors reports. Each of the four regions registered a drop in year-over-year contract activity. The Pending Home Sales Index (PHSI) slid 3.9% The Pending Home Sales Index (PHSI) slid 3.9%

Contracts 195
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February pending home sales disappoint, but maybe we’re turning a corner?

Housing Wire

Month-over-month, contract signings increased in three U.S. regions, but declined in the West, according to the National Association of Realtors. Overall, contract signings were down 21.1% from February 2022. After nearly a year, the housing sector’s contraction is coming to an end,” he said in a statement Wednesday.

Contracts 289
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Existing-home sales have nowhere to go but up in 2024? 

Housing Wire

million, according to the N ational Association of Realtors. Compared to October 2022, existing home sales slumped 14.6%, down from 4.44 Homes typically go under contract a month or two before the closing, which means the October data largely reflects purchase decisions made in August and September. months in October 2022.

Inventory 387