Sales

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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South Carolina Real Estate in February: Sales Up 13% YoY, Inventory Down 46% YoY

Note: I’m posting data for many local markets around the U.S. The story is the same everywhere … inventory is at record lows. From the South Carolina Realtors for the entire state: Closed sales in February 2021 were 7,127, up 13.4% from 6,284 in February 2020. Active Listings in February 2021 were 14,253, down 46.3% […]

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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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Existing Sales Rise, But Inventory is a Drag; Rates Surging, How Bad Could it Get?

There’s no precedent for the winning streak enjoyed by mortgage rates in the 2nd half of 2020. We’ve never seen so many new record lows in the same year, and we never spent as much time at those lows (not even close). All of the above makes it easy to get lulled into a false […]

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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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Existing-Home Sales Rise 0.7% in December, Annual Sales See Highest Level Since 2006

Existing-Home Sales Rise 0.7% in December Existing-home sales rose in December, with home sales in 2020 reaching their highest level since 2006. 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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