The National Association of REALTORS® (NAR) reports that the Pending Home Sales Index fell 4.3 percent in December as compared to the month prior. The index now reads 101.7. The Pending Home Sales Index measures the number of U.S. homes that have gone "into...
Pending Home Sales Index
Pending Home Sales Index Cruises To Multi-Year High
Home buyers continue to push the U.S. housing market forward. In November, for the second straight month, the Pending Home Sales Index eclipsed its benchmark reading of 100, posting a value of 106.4. The Pending Home Sales Index (PHSI) is published monthly by the...
Pending Home Sales Index Leaps To Multi-Year High
Homes were sold at a furious pace last month. According the National Association of REALTORS® (NAR), the Pending Home Sales Index rose 5.2 percent in October, crossing the benchmark 100 reading, and moving to 104.8. It's a 5-point improvement from September's...
Are you ready to sell?
Good news!! The market has turned as of April. In fact since April the Price Index for the Phoenix-Metro area has seen 5-7% increases per month since. This is great news for many homeowners sitting on the fence considering selling. Because inventory levels dropped...
Pending Home Sales Index Suggests Housing Momentum Into 2013
The home resales is expected to finish the year with strength. Last month, for the fifth straight month, the Pending Home Sales Index hovered near its benchmark value of 100, registering 99.5 in September. he Pending Home Sales Index tracks homes under contract to...
Pending Home Sales Index Makes New High For 2012
In July, the third time this year, the Pending Home Sales Index crossed its benchmark value of 100, moving to 101.7. A "pending home sale" is a home under contract to sell, but not yet sold. Data for the index is collected by the National Association of...
Pending Home Sales Index Falls Just Short Of 100
Home sales appear headed for a mid-summer breather. One month after posting a multi-year high, the Pending Home Sales Index retreated to 99.3 in June -- a strong reading in its own right. A "pending home sale" is a home that is under contract to sell, but not...
Existing Home Supply Ticks Higher To 6.6 Months Nationwide
Home resales slipped more than 5 percent last month, putting a damper recent housing market enthusiasm. According to the National Association of REALTORS®, Existing Home Sales fell to 4.37 million units in June 2012 on a seasonally-adjusted, annualized basis....