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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.

Continue reading Pending Home Sales Drop 7.6% in January

Pending Home Sales Drop 7.6% in January originally appeared on BloggingStocks on Thu, 04 Mar 2010 14:20:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>inthenewsJanuary pending home salesJanuaryPendingHomeSalespending home salesPendingHomeSalesThu, 04 Mar 2010 14:20:00 EST<![CDATA[Pending home sales rise in December, according to NAR]]>http://www.bloggingstocks.com/2009/02/03/pending-home-sales-rise-in-december-according-to-nar/http://www.bloggingstocks.com/2009/02/03/pending-home-sales-rise-in-december-according-to-nar/http://www.bloggingstocks.com/2009/02/03/pending-home-sales-rise-in-december-according-to-nar/#commentsFiled under: , , , , , , , ,

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.

Continue reading Pending home sales rise in December, according to NAR

Pending home sales rise in December, according to NAR originally appeared on BloggingStocks on Tue, 03 Feb 2009 16:30:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>d.r.hortonDHIearningsearnings reportsEarningsReportsgood newsGoodNewshome saleshome valuesHomeSalesHomeValueshousingpending home salesPendingHomeSalesTue, 03 Feb 2009 16:30:00 EST<![CDATA[Pending home sales plunge 2.6% in November]]>http://www.bloggingstocks.com/2008/01/08/pending-home-sales-plunge-2-6-in-november/http://www.bloggingstocks.com/2008/01/08/pending-home-sales-plunge-2-6-in-november/http://www.bloggingstocks.com/2008/01/08/pending-home-sales-plunge-2-6-in-november/#commentsFiled under: , , ,

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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Pending home sales plunge 2.6% in November originally appeared on BloggingStocks on Tue, 08 Jan 2008 12:25:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>GDPhome buyershouse priceshousinghousing correctionhousing sectorinthenewsNational Association of Realtorspending home salesPendingHomeSalesrecessionU.S. economyTue, 08 Jan 2008 12:25:00 EST