Pending home sales hit two-year high: NAR

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Contract signings to purchase previously owned U.S. homes. The index of pending home sales fell 2.2 percent, after a 0.9 percent decline the. to data released wednesday from the National Association of Realtors in Washington.. Buyers balked in December amid high prices, scarce supplies and.

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WASHINGTON (MarketWatch) — Pending home sales climbed 2% in January to the highest. the trend in contract activity implies we are on track for a more meaningful sales gain this year," said NAR.

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WASHINGTON (Reuters) – Pending sales of previously owned U.S. homes raced to a two-year high in July, a real estate trade group. of a first-time buyer tax credit,” said Lawrence Yun, NAR chief.

Contract signings to purchase previously owned U.S. homes rose by. to data released Wednesday from the National Association of Realtors in Washington.. costs that have declined from an eight-year high in November, while the. homes are tabulated when deals close, typically a month or two later.

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NAR warned however that it expects existing home sales and price growth to moderate, primarily because of the expected impact of the new tax laws in high cost housing markets. NAR’s Pending Home Sales.

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NAR: Pending home sales fall 2.4% in August amid inventory. –  · The Northeast was the only region to post a gain in pending home sales in August, rising 1.3% to 98.1 and up 5.9% year over year. The Midwest dipped 0.9% to 104.7 in.

New residential home sales dropped 8.9 percent in October, falling to a new two- year low, according to a new residential sales report. factors – among them, mortgage rates' rise to a seven-year high at 4.72 percent in September.. If tomorrow's pending home sales data confirms the decrease we saw.

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According to the National Association of Realtors, as of October 2018, we were. Though a 2.6% drop in pending home sales signals the year could end on a weaker note. As Realtor.com points out, we are now juggling two very different markets at. Though buyers are also being buffeted by higher mortgage interest rates,