Having gained 7.5 percent in October, the National Association of Realtors Pending Home Sales Index, a seasonally adjusted index for which 100 denotes “an average level” of activity, ticked down 2.2 percent to a reading of 122.4 in November and was down 2.7 percent, year-over-year. At the same time,... Read More »
Having dropped 2.3 percent in September, the National Association of Realtors Pending Home Sales Index, a seasonally adjusted index for which 100 denotes “an average level” of activity, ticked up 7.5 percent in October to 125.2. On a year-over-year basis, however, the index was down 1.4 percent, closed sales... Read More »
Having recovered 8.1 percent in August, the National Association of Realtors Pending Home Sales Index, a seasonally adjusted index for which 100 denotes “an average level” of activity, dipped 2.3 percent in September to 116.7. As such, the index is down 8 percent on a year-over-year basis, with closed... Read More »
Having ticked down 1.8 percent in July, the National Association of Realtors Pending Home Sales Index, a seasonally adjusted index for which 100 denotes “an average level” of activity, recovered 8.1 percent in August for a reading of 119.5. That being said, the index is still down 8.3 percent... Read More »
Having dropped 1.9 percent in June, the National Association of Realtors Pending Home Sales Index, a seasonally adjusted index for which 100 denotes “an average level” of activity, dropped another 1.8 percent in July to 110.7 and is now down 8.5 percent on a year-over-year basis, a sharp reversal... Read More »
Having rebounded in May, the National Association of Realtors Pending Home Sales Index, a seasonally adjusted index for which 100 denotes “an average level” of activity dropped 1.9 percent in June to 112.8 and is down 1.9 percent on a year-over-year basis, a move which shouldn’t catch any plugged-in... Read More »
Having inched down to a five-month low last week, the average rate for a benchmark 30-year mortgage has since dropped another 10 basis points (0.10 percentage points) to 2.78 percent, which is 23 basis below its mark at the same time last year and within 13 basis points of... Read More »
Having dropped 4.4 percent in April to 106.2, the National Association of Realtors Pending Home Sales Index, a seasonally adjusted index for which 100 denotes “an average level” of activity, rebounded 8.0 percent in May to 114.7, which was 13.1 percent higher than at the same time last year... Read More »
As we noted last month, with mortgage application volumes across the nation having declined, the National Association of Realtors Pending Home Sales Index was poised to drop despite having ticked up in March. And in fact, the Pending Home Sales Index, a seasonally adjusted index for which 100 denotes... Read More »
Having dropped over 10 percent in February, the National Association of Realtors Pending Home Sales Index, a seasonally adjusted index for which 100 denotes “an average level” of activity, ticked up 1.9 percent in March to 111.3, ending a six-week decline for the index which peaked at 132.8 in... Read More »
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