Contracts to buy U.S. previously owned homes fell far more than expected in November, diving for a sixth straight month in the latest indication of the hefty toll the Federal Reserve’s interest rate hikes are taking on the housing market as the central bank seeks to curb inflation. The National Association of Realtors (NAR) said…
US Pending Home Sales Fall for Second Straight Month in December
WASHINGTON—Contracts to buy U.S. previously owned homes fell for a second straight month in December amid record low inventory. The National Association of Realtors (NAR) said on Thursday its Pending Home Sales Index, based on signed contracts, dropped 3.8 percent last month to 117.7. Pending home sales fell in all four regions. Economists polled by…
US Pending Home Sales Drop in November; Omicron Poses Risk: NAR
Contracts to buy U.S. previously owned homes fell unexpectedly in November as limited housing stock and lofty prices crimped activity, and the explosion of new coronavirus cases from the fast-spreading Omicron variant poses a risk to the housing market headed into 2022, a trade group said on Wednesday. The National Association of Realtors (NAR) said…
US Pending Home Sales Unexpectedly Fall in September
WASHINGTON—Contracts to buy U.S. previously owned homes unexpectedly fell in September likely as some potential buyers delayed purchases amid higher prices. The National Association of Realtors (NAR) said on Thursday its Pending Home Sales Index, based on signed contracts, decreased 2.3 percent last month to 116.7. Pending home sales fell in all four regions. Economists…
US Pending Home Sales Race to Seven-Month High in August
WASHINGTON—Contracts to buy U.S. previously owned homes rebounded to a seven-month high in August, but higher prices amid tight supply are slowing the housing market momentum. The National Association of Realtors (NAR) said on Wednesday its Pending Home Sales Index, based on signed contracts, jumped 8.1 percent last month to 119.5. That was the highest…
US Pending Home Sales Increase to Highest Reading for May Since 2005
Contracts to purchase previously owned U.S. homes rose strongly in May to the highest level for that month since 2005. The National Association of Realtors (NAR) said on Wednesday its Pending Home Sales Index, based on contracts signed last month, rose 8.0 percent to 114.7. Economists polled by Reuters had forecast pending home sales would…
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