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pending home sales: Economic Update - Last Week in the News - 01/30/12 01:19 PM
New home sales fell 2.2% in December to a seasonally adjusted annual rate of 307,000 units from a revised rate of 314,000 units in November. Compared to a year ago, new home sales are down 7.3%. On a year over year basis, pending home sales are up 5.6% and pending home sales, a forward-looking indicator based on signed contracts, fell 3.5% in December after a 7.3% increase in November. On a year-over-year basis, pending home sales are up 5.6%. 
The Mortgage Bankers Association said its seasonally adjusted composite index of mortgage applications for the week ending January 20 fell 5%. Refinancing … (0 comments)

pending home sales: Pending Home Sales Hit 19 Month High - 01/03/12 05:50 PM
The best reading on pending homes sales since a federal home buying tax credit expired appeared to encourage traders on Wall Street. In November, the number of Americans who signed contracts to buy homes rose to the highest level in a year and a half. 

With the index of sales, a reading of 100 is considered to be healthy. The Realtors group said Thursday that its index of sales agreements jumped 7.3 percent last month to a reading of 100.1. The last time the index was that high was in April 2010, one month before the tax credit expired. 


There's generally … (0 comments)

pending home sales: Pending home sales up 6% from last year - 10/27/11 04:09 PM
The National Associaton of Realtors has announced, based on September contract signings has increased 6% from last year. This number is based on signed sales of existing homes. Weak consumer confidence and stricter bank requiremenets are partly to blame for the pending home sales drop from last month. The mid-west showed the biggest increase and the northeast had the smallest increase.



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pending home sales: Pending Home Sales up 13% - 10/03/11 01:21 PM
Pending Home Sales are homes that have a purchase contract in place but have not yet closed.  The National Association of Realtors released their data for August and it showed a year-over-year annual improvement of 13.1%.
 
When comparing August to July, pending home sales slipped but less than market forecasts.  Economists expected Pending Home Sales to decrease month-over-month by -1.8%.  The actual number was a little better at -1.2%. Hurricane Irene, which battered the Northeast at the end of the month, was likely a factor in the decline. 
 
Three of four regions throughout the United States saw declines in … (0 comments)

pending home sales: Last Week in Real Estate News - www.4Malibu.com - 08/01/11 12:46 PM
Pending home sales, a forward-looking indicator based on signed contracts, rose 2.4% in June after an 8.2% increase in May. On a year-over-year basis, pending sales are up 19.8%.
The Standard & Poor's/Case-Shiller 20-city housing price index — on a non-seasonally adjusted basis — rose 1% in May after a 0.6% increase in April.
The consumer confidence index rose to 59.5 in July from a downwardly revised 57.6 in June. The index was benchmarked at 100 in 1985, a year chosen because it was neither a peak nor a trough in consumer confidence.
New home sales fell 1% in June to … (0 comments)

pending home sales: Economic Report (Week of June 26th - July 2nd) - www.4Malibu.com - 07/05/11 02:42 PM
Pending home sales, a forward-looking indicator based on signed contracts, rose 8.2% in May after a revised 11% decrease in April. On a year-over-year basis, pending sales are up 13.4%.
Retail sales rose 2.9% for the week ending June 25, according to the ICSC-Goldman Sachs index. On a year-over-year basis, retailers saw sales increase 3%.
The Standard & Poor's/Case-Shiller 20-city housing price index — on a non-seasonally adjusted basis — rose 0.7% in April after a 0.9% decrease in March. It was the first monthly increase in eight months.
The consumer confidence index fell to a seven-month low of 58.5 in … (0 comments)

pending home sales: Pending home sales rise again - www.4Malibu.com - 04/28/11 05:44 PM
Pending home sales grew again in March, the sixth time they have improved in the past nine months, the National Association of Realtors said Thursday.
NAR's Pending Home Sales Index, which measures the number of home sales contracts signed, rose 5.1% to 94.1 in March, up from February's revised figure of 89.5, but still down from 106.2 last year.
Despite the 11% drop from last March, NAR is optimistic about the latest increase in pending home sales. The association attributes last year's high volume of pending contracts to the homebuyer tax credit, which spurred home sales in the first quarter.
 

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pending home sales: Monthly pending home sales rise, still below 2010 levels - www.4Malibu.com - 03/28/11 06:21 PM
Pending home sales increased 2.1% in February even though the index measuring sales activity is still 8.2% below year-ago levels, according to the National Association of Realtors.
NAR's Pending Home Sales Index is a barometer of home sales, which bases its analysis of pending home sales activity on the number of sale contracts signed each month.
The index rose 2.1% between January and February, hitting 90.8 last month on the index scale, compared to 88.9 in January. The index for the same month in 2010 held at 98.9.
Month-to-month movements can be instructive, but in this uneven recovery it's important to … (0 comments)

pending home sales: Pending home sales down everywhere, except the South - www.4Malibu.com - 03/04/11 04:49 PM
Pending home sales nationwide are down for the second consecutive month, except for in the South where sales rose 1.4% between the months of December and January, according to a new report from Standard & Poor's.
"This latest trend suggests that we are likely to see a slight decline in February's existing home sales because pending sales usually lead existing home sales by one to two months," said Standard & Poor's research analyst Erkan Erturk. S&P also released a report this week saying home prices have fallen 30% since hitting their peak levels in 2006, the largest national decline since the … (0 comments)

pending home sales: Economic forcast for February 27 - March 5, 2011 - www.4Malibu.com - 02/28/11 04:18 PM
In addition to monitoring the unrest in the Middle East, we have a big week of economic reports on our hands - with the big news coming on Friday! Here' s a highlight of what to watch:
The week starts off Monday morning with reports on Personal Spending and Personal Income, as well as Pending Home Sales. The Pending Home Sales report comes after last week's Existing Home Sales release, which came in better than anticipated... but the National Association of Realtors who reports all these numbers is under fire for possible overestimation in the past few years.
On Monday, we' … (0 comments)

pending home sales: Ahead of Tax Credit Deadline, Pending Home Sales Gain Again - 05/05/10 01:54 PM
 
 
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Ahead of Tax Credit Deadline, Pending Home Sales Gain Again
Pending home sales rose for the third straight month in March, as buyers rushed to sign contracts leading up to the April 30 expiration of the homebuyer tax credit, according to the National Association of Realtors (NAR).
NAR's pending home sales index increased 5.3% from February to March. This year's pending sales were up 21.1% from March 2009. In February, pending sales were up 8.3% year-over-year. The index … (0 comments)

 

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