Pending home sales hit two-year high: NAR

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Contracts to buy previously owned homes rose to an eight-month high in March, the National Association of Realtors said on Tuesday. The NAR’s pending home sales index increased to a reading of 105.8, up 3.8 percent from the prior month and the highest since July. February’s index was unrevised at 101.9.

The Voice for Real Estate 24: Closing Time Crunch Pending home sales fell 2.5% in November on rising mortgage rates and tight supply, according to the National Association of Realtors. They forecast existing home sales to hit just over 5.5 million in.

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Over the past year, the typical seller was in their home for 10 years before selling–an all-time high for NAR’s survey on. (previously-owned) home sales rose 1.5% in October to hit their fastest.

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The NAR said its Pending Home Sales Index, based on contracts signed last month. The 30-year fixed mortgage rate is currently at 4.23 percent, below a more than 2-1/2-year high of 4.32 percent hit. Pending home sales rose to their highest level in 21 months in January, according to the National Association of Realtors, as agents signed more contracts for existing homes.

Pending US homes sales reach 10-month high. The index, which tracks contract signings on previously owned homes, jumped 5.5 percent in February to reach 112.3, the Wall Street Journal reported. That’s the highest level since April 2016 and the second-highest level since May 2006, according to the newspaper. Warmer weather and gains on.

The National Association of Realtors (NAR) this morning released its data on pending home sales in July. The index rose from 99.3 in June to a two-year high of 101.7. Compared with July of 2011.

The NAR pending home sales index – which measure contract signings on homes – increased 4.5% to 105.9 in January, compared to a score of 101.3 in December. That index score is also still 9.5%.

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The sharpest drop was in the West, where pending home sales. Pending home sales – sales contracts that have yet to close – hit a two-year high in January, the National Association of Realtors said Monday, approaching levels last seen during the federal. At the end of last year, the mortgage payment on a typical home required about 17.5 percent. New Home Sales Hit an 11 Month High.

Pending home sales hit 2-1/2 year high In this Wednesday, Oct. 10, 2012, photo, an under contract sign sits outside a home in Glen, Ill. Contracts to buy previously owned homes rose in November.