Pending home sales hit two-year high: NAR

Below are a few highlights from the second week of July that influence our business:. marked by a surge in homes hitting the market and fewer sales after years of crazy-high. The average rate on the 30-year fixed mortgage hit a three- year low of. The National Association of Realtors (NAR) said its Pending Home Sales.

Contracts to purchase previously owned U.S. homes matched a two-year high in May, fueling optimism the housing market is poised for a recovery.. pending home sales match two-year high.

First-time homebuyers are too few in number to absorb inventory overhang They largely argue that even if the economy goes into a double dip; even if home prices fall after rising modestly in the spring; even if inventory of homes continues to rise, some of these stocks are.

 · January Pending home sales rise, but Real Estate etf ‘vnq’ falls 1 More In December, the National Association of Home builders/wells fargo housing market Index.

. home resales rose to a nearly two-year high in January, an industry group said on Monday, further evidence of a budding recovery in the housing market. The National Association of Realtors said.

Top 10% see greatest home value gains The numbers in the name come from the breakdown of funding sources: 80% of the home is financed through a regular mortgage. The buyer puts down 10% of their own cash – and then borrows the other 10% to total a 20% down payment. Of course, this gets complicated quickly and is only a good option for people with:

Pending home sales remained at a standstill in September, unchanged in the National Association of realtors (nar) pending home sales index (PHSI). The PHSI posted 106.0 in September (repeating.

 · On a year-to-year comparison, pending home sales are up 4.6%. There are now more homes under contract than at any time since February 2006, according to NAR. Economists surveyed by The Wall Street Journal had expected pending home sales to rise 0.7% in April.

Pending home sales in the South fell 2.5% to an index of 124.0 in April, which is 1.8% lower than last April. The index in the West dropped 1.8% in April to 93.5 and fell only 1.5% below a year ago. The National Association of Realtors® is America’s largest trade association, representing more than 1.3 million members involved in all aspects of the residential and commercial real estate industries.

Just what is the Fed going to do about interest rates?  · The Fed is desperately trying to push interest rates up (though not doing a great job of it) in order to drop them out and as they do, artificially stop the economy which must fall by fundamentals.

Voice for Real Estate 76: Tax Reform, 1031, Remodeling, Post-Disasters The Pending home sales index (phsi), a forward-looking indicator based on contract signings last month, climbed 0.9 percent to 112.6 in May from a slight downward revision of 111.6 in April. Year-to-year, it’s now 10.4 percent above May 2014 (101.9).

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.

Initial estimates show slowdown in job growth PDF Current Employment Statistics Highlights May 2019 – show n little net change since January (-3,000). The industry had added 19,000 jobs per month over the 12 months ending in January. 8,000 Retail Trade Employment in retail trade continued to trend lower in May ( -8,000). Since reaching a peak in January 2017, the industry has lost 160,000 jobs. – 15 – 1 26 27 33 2 – 5 0 0 – 8 7 3 4 1-40 -20 0.