pending home sales Archive

Supply Constraints in West Slow Contract Signings

NAR’s forward-looking pending home sales index slipped 4.4 percent in December, signaling a loss of momentum in contract signings, but the easing seems to be more about inventory shortages than weak demand, NAR Chief Economist Lawrence Yun says. “Clearly...
January 28, 2013

Pending Sales Up but Uncertainty Looms

If any more evidence is needed that home sales are recovering we have it in NAR’s latest pending home sales data, for November, which were released last week. The index is up for the third straight month and it’s...
December 31, 2012

Jobs, Rising Rents Help Pending Sales Inch Up

NAR’s forward-looking pending home sales index showed a very small rise in September, just 0.3 percent, but it’s one more data point to suggest the recovery is solidly underway even if it remains modest. The rise represents the latest...
October 25, 2012

Conditions Suggest Sustained Market Improvement

Coverage in much of the media of NAR’s latest pending home sales index, whch was released on Monday, has focused on the improvement we’ve seen over last year. The Wall Street Journal, for example, in its front-page “Vital Signs”...
March 27, 2012

2012 Home Sales: Positives on Many Fronts

NAR released its latest pending home sales index figure last week and for the second month in a row the index is up. But more than that, the index has broken 100. This is significant because the only time...
January 3, 2012

October Pending Home Sales Up Significantly

In what might finally be a sign that home sales are poised for a turnaround, NAR’s forward-looking pending home sales index jumped 10.4 percent in October from the previous month and is also up significantly on a year-over-year basis....
November 30, 2011

Mental Recession Redux?

By Brian Summerfield, Online Editor, REALTOR® Magazine In July 2008, in the heat of the presidential election, McCain campaign advisor and former U.S. Senator Phil Gramm caused some controversy when he seemingly characterized the United States as “a nation...
September 25, 2009