If you are one of those folks still waiting to buy a home because you want to make sure we’ve seen the bottom of the market, guess what? You will have to look in the rear-view mirror to see the bottom. Evidence of this continues in the market reports coming out, including today’s pending home sales index issued by the National Association of REALTORS (NAR) in which the pending home sales index increased 2.4 percent from the month before and 12.4 percent from the year before. Coming in at 101.7, the index is higher than it has been in more than two years. [...]
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The National Association of REALTORS released it’s Pending Home Sales Index for January today showing an increase of 2.0 percent in the index from the month before (seasonally adjusted), and an 8.0 percent increase from a year ago. This marks the highest level the pending home sales index has been at since April 2010 when it hit 111.3 as a result of buyers racing to buy before the homebuyer tax credit expired. [...] The National Association of REALTORS Pending Home Sales Index for November shows an increase of 7.3 percent in the index from the month before (seasonally adjusted), and a 5.9 percent increase from a year ago. This is the second consecutive month that the index has increased and marks the highest level the index has achieved since April 2010 when it was at 111.5. [...] The National Association of REALTORS Pending Home Sales Index for October shows an increase of 10.4 percent in the index from the month before (seasonally adjusted), and a 9.2 percent increase from a year ago. This is the first time in four months that the index has increased and marks the highest level the index has achieved since April 2010 when it was at 110.9. [...] The National Association of REALTORS Pending Home Sales Index for September shows a decrease of 4.6 percent in the index from the month before (seasonally adjusted), and a 6.4 percent increase from a year ago. This is the third consecutive month the index has decreased from the month before and, and the year over year numbers continue to show decline in the rate of improvement from last year. [...] The National Association of REALTORS Pending Home Sales Index for August shows a decrease of 1.2 percent in the index from the month before (seasonally adjusted), and a 7.7 percent increase from a year ago. This is the second consecutive month the index has decreased from the month before and, while the year over year numbers are still better, this month’s year over year increase was only half of what last months was. [...] Dennis Norman The National Association of REALTORS Pending Home Sales Index for July shows, after two consecutive months of increases, a decrease of 1.3 percent in the index from the month before (seasonally adjusted), and a 14.4 percent increase from a year ago (last month’s index was up 19.8 percent from the year before). [...] Dennis Norman The National Association of REALTORS Pending Home Sales Index for June shows an increase of 2.4 percent in the index from the month before (seasonally adjusted), and a whopping 19.8 percent increase from a year ago. This is the second month in a row that the index increased on a year-over-year basis. [...] Dennis Norman The National Association of REALTORS Pending Home Sales Index for May shows an increase of 8.2 percent in the index from the month before (seasonally adjusted), and a 13.4 percent increase from a year ago. This is the first time since April 2010 that the index increased on a year-over-year basis, and [...] Pending home sales increase in March; prediction is for an increase in existing home sales this yearDennis Norman The National Association of REALTORS Pending Home Sales Index for March shows an increase of 5.1 percent in the index from the month before (seasonally adjusted), and a 11.4 percent decrease from a year ago. This is the third-consecutive month over month increase for the pending home sales index. [...] Dennis Norman The National Association of REALTORS Pending Home Sales Index for February shows an increase of 2.1 percent in the index from the month before (seasonally adjusted), and a 8.2 percent decrease from a year ago. There were some wide swings regionally in this months statistics as the Northeast region had a 10.9 [...] Dennis Norman The National Association of REALTORS Pending Home Sales Index for January shows a decrease of 2.8 percent in the index from the month before (seasonally adjusted), and a 1.5 percent decrease from a year ago. [...] Dennis Norman The National Association of REALTORS Pending Home Sales Index for December shows an increase of 2.0 percent in the index from the month before (seasonally adjusted), and a 4.2 percent decrease from a year ago. [...] Dennis Norman The National Association of REALTORS Pending Home Sales Index for November shows an increase of 3.5 percent in the index from the month before (seasonally adjusted), and a 5.0 percent decrease from a year ago. [...] Dennis Norman The National Association of REALTORS Pending Home Sales Index for September shows a decrease of 1.8 percent in the index from the month before (seasonally adjusted), and a 24.9 percent decrease from a year ago. [...] Dennis Norman Pending home sales rise for 2nd consecutive month in August – The National Association of REALTORS Pending Home Sales Index for August shows an increase of 4.3 percent in the index from the month before (seasonally adjusted), which is 20.1 percent below a year ago. [...] Dennis Norman Today the National Association of REALTORS released it’s February Pending Home Sales Index showing a increase of 8.2 percent (seasonally adjusted) in the index from January and a 17.3 percent increase from last year. Here are highlights from the report: January”s pending home sales index (seasonally adjusted) was 97.6 (the index [...] Dennis Norman Today the National Association of REALTORS released it’s January Pending Home Sales Index showing a decrease of 7.6 percent in the index from December, 2009 to January 2010 (seasonally adjusted) and a 12.3 percent increase from last year. Here are highlights from the report: January”s pending home sales index (seasonally adjusted) was 90.4 (the index is [...] Lawrence Yun, Chief Economist, NAR Today the National Association of REALTORS(R) issued their Pending Home Sales Index Report for July showing pending sales in the U.S. were up for the sixth consecutive month, the best streak since NAR began the pending home sale index in 2001. Today’s report is not the only recent report [...] Lawrence Yun, Chief Economist, NAR The real estate market continues to show signs of life and continues to point to the possibility that we have hit bottom. Today the National Association of REALTORS(R) issued their Pending Home Sales Index Report for June which showed pending sales were up for the fifth consecutive month, the [...] By: Dennis Norman Lawrence Yun, Chief Economist, NAR It appears that lower prices along with low interest rates are bringing buyers back into the market as the market continues to show signs of life and gives us hope that we may be near the bottom. The National Association of REALTORS(R) issued their Pending Home [...] By: Dennis Norman Lawrence Yun, Chief Economist, NAR Today the National Association of REALTORS(R) issued their Pending Home Sales Index Report for April which showed a significant increase of 6.7% on the index, over March. April makes the third month in a row the index has increased. Lawrence Yun, NAR chief economist, said “buyers are responding [...] By: Dennis Norman Lawrence Yun, Chief Economist, NAR Yesterday the National Association of REALTORS(R) issued their Pending Home Sales Index Report for March which showed, for the second consecutive month, an increase. Lawrence Yun, NAR chief economist, said “This increase could be the leading edge of first-time buyers responding to very favorable affordability conditions and [...] By: Dennis Norman Yesterday the National Association of REALTORS(R) issued their Pending Home Sales Index report for February which showed, for the U.S., a 2.1% increase over January. Lawrence Yun, NAR chief economist, said “Pending home sales have a way to go for there to be a meaningful increase, but recent increases in shopping activity [...] By: Dennis Norman The National Association of REALTORS(R) just released their pending home sales index for January which shows pending sales (houses under contract to be sold but have not closed yet) are down 7.7% nationwide from December and down 6.4% from a year ago. The actual index for the U.S. for January was 80.4. An index of 100 is equal [...] By: Dennis Norman The National Association of REALTORS(R) just released their pending home sales index for November which shows pending sales (houses under contract to be sold but have not closed yet) are down 4% nationwide from October and down over 5% from a year ago. With all the recent bad economic news this is not surprising. [...] |
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