Pending home sales dropped 3.9% from March to April, marking the sixth-straight month of declines amidst climbing mortgage rates, according to data released Thursday from NAR
Pending home sales finally saw some positive growth in August, following two consecutive months of declines in June and July, the National Association of Realtors reported
Pending home sales saw a slight slump in July, dropping 1.8% to a Pending Home Sales Index of 110.7, according to the National Association of Realtors' latest report
In a reversal from the previous month, pending-home sales decreased in all regions except the Midwest, which saw gains of 3.5% from March to April
Pending-home sales also declined on an annual basis for the first time in 8 consecutive months, according to the National Association of Realtors
Despite continuing monthly declines, the Pending Home Sales Index (PHSI) hit an all-time high for the month of December at 125.5
NAR's chief economist forecasts that the market could see median prices rise another 5% this year
Only the West experienced an uptick in contract signings
Low inventory levels have sidetracked the spring buying season and dampened financial and economic confidence
The latest numbers on soon-to-close homes show an anemic month
After a dip in August, pending home sales are back on their (rising) track
Will new construction ever catch up?
The slight rise in June was limited by low inventory
NAR: First-time homebuyers still constrained by tight credit and declining affordability
Homes under contract down 7.9 percent from a year ago