New contracts made to purchase previously owned homes jumped 6.7% last month, the highest level seen in six years according to the National Association of Realtors’ Pending Home Sales Index. Additionally, contracts have increased 12.1% from last year and are expected to continue to increase while mortgage rates still remain lower than normal. Lawrence Yun, ... MORE
Theresa Springer’s Blog
Pending home sales soared above last year’s levels in March, making it the 23rd consecutive month that has exceeded levels seen one year ago from the date, according to the National Association of Realtors. The National Association of Realtors pending home sales index increased by 1.5% in March 2013, 7% higher than levels seen in March ... MORE
The National Association of Realtors’ Pending Home Sales Index is an indicator of future existing home sales based on contract signings, not closings. In October, the index rose 5.2 percent from September’s upwardly revised reading. That puts contract signings 13.2 percent above last year’s level and marks 18 consecutive months of year-over-year improvement. It also ... MORE
The National Association of Realtor’s Pending Home Sales Index measures contract signings and is an indicator of future existing-home sales. In September, the index was up 0.3 percent over August and 14.5 percent above last year’s level. It was the 17th consecutive month of year-over-year improvement. Lawrence Yun, NAR’s chief economist, said home contract activity ... MORE
The National Association of Realtors’ Pending Home Sales Index slipped in August after hitting a two-year high in July. The index, a future indicator of existing-home sales based on contract signings but not closings, fell 2.6 percent, though it remains at elevated levels from one year ago. Lawrence Yun, NAR’s chief economist, said the index ... MORE
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