Pending home sales hit two-year high: NAR

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A forward-looking indicator of home sales rose to its highest level in more than nine years in May, a sign the housing market is gaining traction after a shaky start to the year. The National.

5 Distressed sales (foreclosures and short sales), days on market, first-time buyers, all-cash transactions and investors are from a monthly survey for the NAR’s Realtors Confidence Index, posted at nar.realtor. NOTE: NAR’s Pending Home Sales Index for April is scheduled for release on May 30, and Existing-Home Sales for May will be.

Falling a fall in existing home sales in March, sales of new homes. The National Association of Realtors (NAR) reported sales of. last two years as mortgage rates have risen and the prices of homes. opposite direction, rising 4.5 percent and hitting an 18-month high.. It was a different story last year.

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In April, pending home sales fell 2.1% from a year ago, according to the. the transaction closes, which usually happens within a month or two.. “Feedback” from the NAR's members indicated that “demand for buying a home is very. Wall Street's Resurging Buy-to-Rent Scheme Hit Pending Home Sales”.

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The index hit. NAR chief economist in a statement. "However, higher mortgage interest rates and rising home prices are impacting monthly contract activity in the high-cost regions of the Northeast.

US pending home sales hit 2-1/2 year high in November. Contracts to buy previously owned US homes rose in November to their highest level in 2-1/2 years, an industry group said on Friday, further.

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NAR’s Pending Home Sales Index was 106.0 for the. lowest reading in nearly three years since it hit 104.7 in January 2015. “Demand exceeds supply in most markets, which is keeping price growth high.

 · The number of contracts signed in April rose more-than-expected, another sign of increasing demand in the housing sector. Bobbi Rebell reports.

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.

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The NAR cited freddie mac data showing that the average commitment rate for a 30-year, conventional, fixed-rate mortgage fell to 4.46 percent in January from 4.64 percent in December.