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Pending Home Sales Rise Less Than Expected as Inventory Remains Ultra Tight; Rates Recover After Bumpy Start; Digital Lending Speeds Things Up

While the degree to which is happened was somewhat disappointing, pending home sales did snap out of a two-month slump in March . The National Association of Realtors’® (NAR’s) Pending Home Sales Index (PHSI) rose 1.9 percent to 111.3 in March and is now up 23.3 percent compared to March 2020. However, NAR points out […]

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Disconnect Between Home Sales, Prices, and Rates

Posted To: Mortgage Rate Watch This week’s New Home Sales report (for the month of March) stole the show, coming in over 1 million for the first time since 2006. But although sales are up 66% year-over-year, prices have fallen in recent months and are now basically unchanged from last year. What’s up with that? […]

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Existing Home Price Appreciation Hits All-Time High and New Home Sales Bounce Back

Economic and Housing Weekly Note – April 23, 2021…(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Around The Web

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Housing Market Update: Home Prices Increased a Record 17%, Pending Sales Up 19% From a Year Earlier

The average sale-to-list price ratio passed 100% for the first time as home prices surge….(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Around The Web

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Pending Home Sales Retreat 2.8% in January, but Climb From Last Year

Pending Home Sales Retreat 2.8% in January Pending home sales took a step backward in January as inventory constraints continue to hold back prospective buyers. Media Contact:  Quintin Simmons 202-383-1178

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December Home Price Gains Highest Since 2014; Glimmer of Hope in Bonds, But it Might be a Trap

Both the S&P CoreLogic Case-Shiller and The Federal Housing Finance Agency (FHFA) report that the country ended the year with more than a 10 percent annual increase in home prices. The Case-Shiller U.S. National Home Price Index, which covers all nine U.S. census divisions, showed a year-over-year gain of 10.4 percent in December while FHFA […]

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All Metro Areas Saw Home Prices Rise During Fourth Quarter of 2020

Placeholder Eighty-eight percent of the metros followed (161 areas) saw double-digit price increases. Media Contact:  Quintin Simmons 202-383-1178

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December Home Price Gains Shot Up 9% Annually

CoreLogic reports that December saw yet another acceleration in home price increases. The company’s Home Price Index (HPI) rose 9.2 percent on an annual basis. The increase in November was 8.2 percent. The month-over-month change, 1.1 percent, was also greater than the increase from October to November, 1.0 percent.  CoreLogic says the December data means […]

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Pending Home Sales Inch Back 0.3% in December

Pending Home Sales Inch Back 0.3% in December Despite dropping slightly in the last month of 2020, the latest pending home sales registered as the highest ever recorded in the month of December. Media Contact:  Quintin Simmons 202-383-1178

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Pending Home Sales Slide 2.6% in November

Pending Home Sales Slide 2.6% in November Despite the fall in month-over-month pending sales, contract signings were up 16.4% from one year ago and reached a record high for November. Media Contact:  Quintin Simmons 202-383-1178

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