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Pending Home Sales Drop 7.6% in January

Posted Mar 4th 2010 2:20PM by Connie Madon (RSS feed)
Filed under: Bad News, Economic Data, Headline News, Housing

The index for pending home sales is closely watched because it is an indication of final sales. It usually takes about two months for real estate deals to be completed.

The newest numbers are not good. Pending home sales fell by 7.6% in January. The National Association of Realtors index stood at 90.4. A reading of 100 is considered normal. Analysts had expected a rise of 1% in January.

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Pending home sales rise in December, according to NAR

Posted Feb 3rd 2009 4:30PM by Michael Fowlkes (RSS feed)
Filed under: Major Movement, Earnings Reports, Good news, Market Matters, Money and Finance Today, D.R.Horton (DHI), Economic Data, Housing, Financial Crisis

The troubled housing market got a bit of good news today, as the National Association of Realtors stated that pending home sales rose during the month of December.

According to today's report, pending home sales increased by 6.3% in December, coming off an all-time low that it set in November. The news comes as potential home buyers are starting to show interest in deeply-discounted homes.

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Pending home sales plunge 2.6% in November

Posted Jan 8th 2008 12:25PM by Joseph Lazzaro (RSS feed)
Filed under: Forecasts, Bad News, Economic Data, Housing

Sales contracts of previously-owned homes plunged -2.6% in November 2007, a stat that suggests the contraction in the housing sector will persist in the immediate months ahead.

The National Association of Realtors announced that the pending home index, which tabulates contracts signed for homes but not closed, fell 2.6% in November 2007. Economists had expected a 0.7% decline in November 2007. The index rose in September 2007 and October 2007.

Further, the index declined 19.2% during the previous 12 months. The index declined in 3 regions: -13% in the Northeast, -4.1% in the Midwest, -2.1% in the West, but increased +2.3% in the South.

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