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Pending Home Sales Down

Pending Home Sales Decline Slightly in June




Pending Home SalesAfter five consecutive months of increases, pending home sales slipped in June but remained near May’s level, which was the highest in over nine years, according to the National Association of Realtors®. Modest gains in the Northeast and West were offset by larger declines in the Midwest and South.

The Pending Home Sales Index, fell 1.8 percent to 110.3 in June but is still 8.2 percent above June 2014 (101.9). Despite last month’s decline, the index is the third highest reading of 2015 and has now increased year-over-year for ten consecutive months.

Lawrence Yun, NAR chief economist, says although pending sales decreased in June, the overall trend in recent months supports a solid pace of home sales this summer. “Competition for existing houses on the market remained stiff last month, as low inventories in many markets reduced choices and pushed prices above some buyers’ comfort level,” he said. “The demand is there for more sales, but the determining factor will be whether or not some of these buyers decide to hold off even longer until supply improves and price growth slows.”

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National Home Prices Continue to Rise




Data released for May 2015 by S&P Dow Jones Indices for the S&P/Case-Shiller Home Price Indices show that home prices continued their rise across the country over the last […] Continue Reading…

New Home Sales Down

New Home Sales Down




Sales of new single-family houses in June 2015 were at a seasonally adjusted annual rate of 482,000, according to estimates released jointly by the U.S. Census Bureau and the […] Continue Reading…

Existing Home Sales Up

Existing-Home Sales Increased in June




Existing-home sales increased in June to their highest pace in over eight years, while the cumulative effect of rising demand and limited supply helped push the national median sales […] Continue Reading…

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National Home Prices Continue to Rise




S&P Dow Jones Indices released the latest results for the S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices. Data released for April 2015 show that home […] Continue Reading…