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Pending home sales rise in July;Down 19 percent from the year before

Dennis Norman

After hitting all-time low in June,pending home sales increase 5.2 percent in July

The National Association of REALTORS Pending Home Sales Index for July shows an increase of 5.2 percent in the index in July (seasonally adjusted) which is 19.1 percent below July 2009.

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Pending Home Sales Hit a new Record-Low in June

Dennis Norman

NAR Pending Home Sales Index at Lowest Level Since Index Began in 2001

At dropping 30 percent in May as a result of the rush to buy a home before the April 30th tax credit deadline,the National Association of REALTORS Pending Home Sales Index for June shows a further decline of [...]

Pending Home Sales Index For May Drops to Lowest Level In History of Index

Dennis Norman

There was no question in my mind that home sales would plummet after the April 30th deadline to buy a home and qualify for the home-buyer tax credit passed,the only question was how bad? Today the National Association of REALTORS released it’s Pending Home Sales Index for May showing a decrease [...]

Pending Home Sales Increase In April as Buyers Rush to Beat Tax Credit Deadline

Dennis Norman

Today the National Association of REALTORS released it’s Pending Home Sales Index for April showing an increase of 6.0 percent in the index from March (seasonally adjusted) and a whopping 22.4 percent increase from April 2009. This comes on the heels of a 5.3 percent increase in March and an 8.3 [...]

Pending Home Sales Continue On The Rise In March

Dennis Norman

Today the National Association of REALTORS released it’s Pending Home Sales Index for March showing an increase of 5.3 percent in the index from February (seasonally adjusted) and a whopping 21.1 percent increase from March 2009. This follows an 8.3 percent increase in February so it is definitely creating a nice [...]

Realtor Pending Home Sales Index shows Real Estate Market Leveling off

Dennis Norman

 Today the National Association of REALTORS released it’s December Pending Home Sales Index showing an increase of 1.0 percent in the index from November (seasonally adjusted) and a 10.9 percent increase from last year.

Here are highlights from the report:

December”s pending home sales index (seasonally adjusted) was 96.6 (the index is [...]

Let’s play ‘spin the data’

Dennis Norman

Or should I say “It’s all in the headline”?

So what am I talking about?  The pending home sales data that was released by the National Association of REALTORS today,of course. Actually I could be referring to any data on the housing market whether new home sales,foreclosure rates,interest rates,[...]

Pending home sales rise for ninth consecutive month

Lawrence Yun,Chief Economist,NAR

Is the increase real or have the tax-credits created an “artificial”market that cannot be sustained?

Today the National Association of REALTORS(R) issued their Pending Home Sales Index Report for October showing pending sales in the U.S. rose again for the ninth consecutive month –marking the longest streak [...]

Pending home sales rise for eighth consecutive month

Lawrence Yun,Chief Economist,NAR

Today the National Association of REALTORS(R) issued their Pending Home Sales Index Report for September showing pending sales in the U.S. rose again for the eighth consecutive month –marking the longest streak since since NAR began the pending home sale index in 2001.

As I have expressed previously,I’m [...]

Real estate market continues to show life
Sales up for fifth month in a row

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 [...]

Buyers are returning to the market –Home sales up 4 months in a row

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 [...]

Pending home sales remain stable…

By:Dennis Norman

The National Association of REALTORS(R) announced that pending home sales for October,which were just released,show housing sales may be stabilizing which is good news.  Even though the index showed a .7% decline from September and a 1% decrease from October 2007,Laurence Yun,the chief economist for the National [...]