Pending home sales continue to climb

U.S. Payroll growth slows significantly; wage Gain Eases Y/Y by Tom Moeller June 7, 2019. The labor market weakened during May. nonfarm payrolls increased 75,000 (1.5% y/y) following a 224,000 April rise, revised from 263,000.

Observing pending home sales is the most obvious way to predict future home sales. This list of homes that are under contract and waiting for closing can be tracked on a daily basis in the Tallahassee MLS, and thus are an easy and quick litmus test for the direction of the housing market. The real estate graph below shows that pending home sales are climbing up from the bottom found in mid July. It is exciting to see this growth after years of steady declines.

The Federal Reserve And U.S. Mortgage Rates - Today's Mortgage & Real Estate News January Brings Slowdown in Pending Home Sales – Following the highest average year for the index in nearly a decade, pending. continue to encounter instances where their offer is trumped by cash buyers and investors,” adds Yun. “Without a.

 · Pending-home sales climb to highest level in 9 years May 29, 2015 WASHINGTON (5/29/15)–A gauge of pending-home sales in April rose 3.4% in April to 112.4, the highest mark since 2006, according to the National Association of Realtors.

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* The Pending Home Sales Index is a leading indicator for the housing sector, based on pending sales of existing homes. A sale is listed as pending when the contract has been signed but the transaction has not closed, though the sale usually is finalized within one or two months of signing.

Fixed-rates on mortgages rise at fastest pace since 1987 Mortgage rates had a serious bump on the journey towards lower levels today, with national averages rising at the fastest pace so far this year. Fortunately, even with this quick rise, the day still ended at the sixth best day for mortgage rates in the past 21 months.

March Pending Home Sales Regional Breakdown. The PHSI in the northeast declined 1.7% to 90.5 in March and is now 0.4% below a year ago. In the Midwest, the index grew 2.3% to 95.3 in March, 5.0% lower than March 2018. Pending home sales in the South jumped up 4.4% to an index of 127.2 in March, which is 0.7% higher than last March.

Existing-Home Sales Continue to Climb in July – "More people are buying homes compared to earlier in the year and this trend should continue with interest rates remaining. Estate Report/Forecast will be released August 26, the Pending Home Sales.

After a slow start, the spring homebuying season is gaining momentum — and so are home prices. The National Association of Realtors (NAR) reports pending home sales rose 3.8 percent in March from.

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