Pending Home Sales Slip In July; Creates Buyer Opportunity
After 3 straight months of gains, the Pending Home Sales Index slipped 1 percent in July.
After 3 straight months of gains, the Pending Home Sales Index slipped 1 percent in July.
Existing Home Sales nationwide fell to 4.67 million units on a seasonally-adjusted annualized basis last month. It's the fourth straight month below the 5 million mark, and the report's lowest reading since November 2010.
Buyers are writing contracts at a furious pace nationwide. On a seasonally-adjusted basis, the Pending Home Sales Index rose 2 percent last month to reach its highest level since March.
Home resales slipped for the 3rd straight month, according to data from the National Association of REALTORS®. Sales volume is at an eight-month low.
Home resales slipped 4 percent in May, falling below the 5,000,000-unit mark on a seasonally-adjusted, annualized basis for the first time since February.
Hurt by foul weather and a soft market, the Pending Home Sales Index plunged 12 percent in April.
The housing market recovery stalled last month. At least temporarily.
The National Association of REALTORS® Pending Home Sales Index rose for the third straight month last month.
Home resales rose 4 percent last month, according to the March Existing Home Sales report. A total of 5.1 million homes were sold on an annualized, seasonally-adjusted basis.
February's Pending Home Sales Index rebound breaks a 2-month losing streak, and reverses recent downward momentum in housing.
Existing Home Sales fell 10 percent last month, according to a report from the National Association of REALTORS®.
Another day, another strong report for housing. The Pending Home Sales Index climbed 2 percent in December, according to the National Association of REALTORS®