Pending home sales declined to four-year low in October

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It’s actually very common to see a "pending sale" sign pop up after two or more months in a buyer’s market because the days on market are often much longer when there are fewer buyers than sellers. But it’s just as common to see the pending sign come down again. This happened with almost 4 percent of all U.S. home sales in 2016.

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Pending home sales in October were down by 6.7 percent compared to the same month a year ago, reflecting the tenth straight month of annual decreases. A pending home sale is one in which a.

Pending sales fell in three of four regions, led by a an 8.9 per cent slump in the West as the Midwest and South also declined. Signings in the Northeast rose 0.7 per cent. The index level of 102.1 was the lowest since July 2014.

Pending and existing home sales declined slightly in April, while inventory continues to increase.. October 2018 Housing Minute.. continued price increases and low housing inventory pushed out potential buyers causing declines in both existing-home sales and pending-home sales in August.

Former exec from HUD’s Ginnie Mae program joins Ainsworth Advisors 14:40 ET Subscribe to our weekly e-newsletter, top news. ginnie mae should be separated from HUD, former Ginnie president says. The former head of Ginnie Mae says it is time to put some distance between the housing-securities insurer and its current parent, the U.S. Department of Housing and Urban Development (HUD).

According to NAR, the decline in the PHSI may have resulted from concerns over stock market volatility, housing affordability and higher mortgage rates in October and November. Despite monthly fluctuations, there has been a downward trend for pending home sales over the past 12 months, with sales lower compared to a year ago.

When you want the quickest and most current report on real estate, you must turn to the pending home sales report.The Pending Home Sales Index published by the National Association of REALTORS runs 25 to 30 days after the data has been recorded, whereas the Tallahassee Pending Home Sales Report is published frequently, with only a 2 day lag in the data.

Chicago home sales have declined 6 out of the last 8 months. It looks like January was another weak month for home sales in the Chicago real estate market – down 7.1% from last year.

est Pending home sales (phsi) index posted a level of 87.6 in November. While that is off 2.6% from the previous month’s index, October’s PHSI was revised well upward to 89.9, and follows two consecutive monthly gains. The Pending Home Sales Index is a leading indicator for the housing sector, based on pending sales of existing homes. A