A surprise drop in mortgage rates got homebuyers off the sidelines and into home tours. However, affordability and recessionary concerns have kept buyers from making purchases. Continue reading
Despite an improvement in housing affordability, property sales continue to decline. Pending home sales dropped 5.7 percent year over year, Redfin reported Thursday. Continue reading
The Pending Home Sales Index (PHSI) rose to 74.3 in June, while pending sales were down 2.6 percent year over year. Continue reading
Rising home prices and mortgage rates, and sticker shock from surprise housing costs, pushed buyers to cancel 56,000 home-purchase agreements in June, according to Redfin. Continue reading
Contract signings fell 7.7 percent between March and April to a score of 72.3 on the Pending Home Sales Index last month, according to data released Thursday by the National Association of Realtors. Continue reading
Rising home prices and mortgage rates stifled pending home sales in February, according to the National Association of Realtors on Thursday. The Pending Home Sales Index, which is a forward-looking indicator based on contract signings, was 75.6 in Febr… Continue reading
Pending home sales dropped off 4.9 percent between December and January and were down 8.8 percent year over year. Continue reading
The Federal Reserve’s policy shift depressed homebuyer and homeseller activity in January, according to Redfin. Monthly new and active listing growth dropped to the lowest levels since last summer. Continue reading
Pending sales fell 1.5 percent month over month in October to a reading of 71.4, the lowest score recorded since the Pending Home Sales Index began publishing in 2001. Continue reading
Pending sales fell 1.5 percent month over month in October to a reading of 71.4, the lowest score recorded since the Pending Home Sales Index began publishing in 2001. Continue reading