Pending home sales declined to four-year low in October

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Pending Home Sales in U.S. Declined to Four-Year Low in October – (Bloomberg) — Contract signings to purchase previously-owned U.S. homes unexpectedly fell by the most since January, reaching the lowest level since mid-2014 amid mounting evidence that the housing market is struggling. The index of pending home sales dropped 2.6 percent, after a 0.

While the massive gains in employment last year have slowed down, employment is.. A powerful combination of lower mortgage rates, more inventory, rising income, That's why January's Pending Home Sales Index from the National.. After four consecutive declines, purchase applications increased almost 2 percent.

The numbers: Pending sales of homes in the U.S. fell again in November to a four-year low in another sign of widespread weakness in the real-estate market that’s likely to continue into 2019.

The index of pending home sales dropped 2.6 per cent, after a 0.7 per cent gain the previous month, according to data released on Thursday by the National Association of Realtors (NAR) in Washington. That missed the median estimate in Bloomberg’s survey calling for a 0.5 per cent rise.

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Pending Home Sales for April 2019 will be released on Thursday, June 27, 2019 at 10:00 a.m. Eastern. The nar public affairs office issues a news release on or near the 25th of each month with the latest existing-home sales figures.

Application activity increases on a slight decline in rates In the United States, first quarter activity shows a marked increase. a slight decline in market trend due to unfavorable climatic conditions at the beginning of the year). Outside of the United.

U.S. Pending Home Sales Unexpectedly Plunge To Four-Year Low In october november 30, 2018 Pending home sales in the U.S. unexpectedly showed a substantial decrease in the month of October, according to a report released by the National Association of Realtors on Thursday.

The average sales price for single-family, re-sale homes set a new high in April of $900,713. That was good for a 7.3% gain over March and a 3.8% gain year-over- year.. for single-family homes fell 0.6 of a point to +4.2.. the blue area shows momentum for home sales while the red line shows momentum for pending.

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Pending Home Sales in the United States averaged 0.72 percent from 2002 until 2019, reaching an all time high of 30.90 percent in October of 2009 and a record low of -24.30 percent in April of 2011. pending home sales Index is based on sales of existing homes where the contract has been signed but the transaction has not been closed.