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The National Association of Realtors released the Pending Home Sales Index for November today. NAR's Pending Home Sales Index measures the number of home purchase contracts that were signed in the monthly reporting period. Once "pending" sales contracts are closed, they are considered an Existing Home...
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The pace of sales for existing homes in the United States came in much better than market expectations in December, according to an industry survey released Monday. Existing home sales rose to an annualized pace of 4.74 million units in December, marking a 6.5% month-over-month rise following November's...
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Markets were expecting the housing market to continue struggling in the fourth quarter, but the November's decline in pending home sales was much worse than anticipated. Pending home sales, which predict actual home sales in the upcoming month, fell by 4.0% in November against expectations for a...
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An index looking at pending transactions for the sale of existing homes eased against a deteriorating economic backdrop but remain in a stable range, according to an industry group on Tuesday. U.S. pending home sales tumbled by less than expectations with a 0.7% decline in October, according to the National...
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The credit crunch continues to filter into the commercial real estate market , which is seeing a "pronounced" effect not from lack of demand, but from challenges of obtaining credit, according to Wednesday's National Association of Realtors (NAR) Commercial Real Estate Outlook, a quarterly...
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U.S. pending home sales fell more than twice the consensus expectation in July, falling by 3.2% in the month following an upwardly revised 5.8% rebound in the previous month. The report fails to indicate a bottoming out in the housing sector, economists say, though the pace of decline is slowing and...
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U.S. existing home sales rose more than expected to 5.00 million units in July, a 3.1% gain in the month, following June's revised sales figure of 4.85 million. With that gain the index rebounded to the highest level in five months, although the range in the past 11 months has been relatively narrow...
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U.S. existing home sales fell 2.6% to 4.86 million units in June following May's unrevised sales figure of 4.99 million. This is the fourth month home sales have remained under the five million mark, according to the National Association of Realtors (NAR). Economists were expecting the June data to fall...
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U.S. existing home sales rose to 4.99 million units in May, or 2.0%, following April's unrevised sales figure of 4.89 million. This is the third month that home sales have remained under the 5 million mark. Economists were expecting the May data to rise to 4.95 million, or 1.2%, following the 1.0% decline...
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Existing home sales in April were down 1 percent on a seasonally adjusted basis from March according to figures released on Friday by the National Association of Realtors (NAR). Existing homes, including single family residences, townhouses, condominiums, and co-ops sold at an annual rate of 4.89 million...