Archive for the ‘Pending Home Sales’ Category


Pending Home Sales Surprise

Friday, September 3rd, 2010

The National Association of Realtors reported a sudden rise in its Pending Home Sales Index showing a turnaround in activity.  The Pending Home Sales Index rose 5.2% to 79.4 in July from a downwardly revised 75.5 in June.  The index remains over 19% lower than July 2009 though showing the overall market is still off [...]

Pending Home Sales Decline (as Expected)

Tuesday, August 3rd, 2010

The National Association of Realtors reported that pending home sales declined 2.6% to 75.7 in June from an upwardly revised level of 77.7 in May.  This is over 18% lower than June 2009 when it was 93.  This of course is a future indicator of closings 30-60 days out.  This decline was expected as we’ve [...]

Pending Home Sales Rise Due to Expiring Tax Credit

Wednesday, May 5th, 2010

The Pending Home Sales Index moved higher in March as home sales were spurred by low mortgage rates and an expiring tax credit.
A “pending home sale” is a property that is under contract to sell, but not yet closed. The tax credit allows closings to take place anytime prior to the end of July.
March marks [...]

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