Mortgage News

Pending home sales fall, marking the 16th-straight month of annual declines

Pending home sales have now fallen on an annual basis for seven consecutive months in July, according to the latest report from the National Association of Realtors. The Pending home sales index.

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13 days ago · NAR: Pending home sales retreat for 11th consecutive month alcynna lloyd is a reporter at HousingWire. Lloyd has a degree in broadcast journalism from the University of North Texas.

Per the National Association of Realtors (NAR), pending home sales decreased by 2.6% in October. Sales are down 6.7% year over year-marking the tenth straight month of annual declines.

The NAR’s pending home sales index dropped to a reading of 104.3, down 1.5% from the prior month. Economists polled by Reuters had forecast pending home sales would rise 0.9% last month.

The NAR’s pending home sales index dropped to a reading of 104.3, down 1.5% from the prior month. Economists polled by Reuters had forecast pending home sales would rise 0.9% last month.

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Auto sales are down and home sales are way down. This morning: Pending home sales fall, marking the 16th-straight month of annual declines (MarketWatch) – Pending home sales fell a seasonally adjusted 1.5% in April and were 2% lower than a year ago, the National Association of Realtors said Thursday.

This would mark. home sales after three straight months of declines. Consensus economists expect the National Association of Realtors to report that sales of previously owned homes grew 3.2%.

Nationwide, pending home sales declined in April, a modest change from. The Pending Home Sales Index, a forward-looking indicator based on contract signings, fell. declined 2.0%, making this the 16th straight month of annual decreases.. This marks the fourth straight month of year-over-year gains in home prices.

U.S. pending home sales fall in April, despite lower mortgage rates. Share This Article.. Sales were 2% lower compared with April 2018, the 16th straight month of annual declines.

Pending-home sales unexpectedly slipped 1.5 percent in April compared to March, according to the National Association of Realtors’ Pending Home Sales Index.. marking the 16th straight month.

Per the National Association of Realtors (NAR), pending home sales decreased by 2.6% in October. Sales are down 6.7% year over year-marking the tenth straight month of annual declines.