Posts Tagged NAR

Pending Home Sales Drop in August

The number of existing U.S. homes going under contract dropped in August, marking the fourth time in five months the figure has fallen. According to the National Association of Realtors (NAR), its pending home sales index, which tracks contract signings for purchases of previously owned homes, fell 1.8% from July to 104.2 in August. This is a more significant decline than some economists predicted.

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Home Price Gains Slowed in July

house on chart showing decrease in statistics

US home price gains decelerated for the fourth consecutive month in July, in response to rising mortgage rates. The increase in rates helped slow the rapid price appreciation, bringing a welcome respite to home buyers, according to The S&P CoreLogic Case-Shiller National Home Price Index, which measures average home prices in major metropolitan areas across the nation, saw a 6% gain in July compared with July 2017, down from a 6.2% year-over-year increase reported in June.

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Existing-Home Sales Remain Steady in August

  The sales of existing homes in the U.S. held steady in August after four consecutive months of decline, according to the latest data released from the National Association of Realtors®. Regionally, existing-home sales were up in the Northeast and Midwest, essentially cancelling out declines in the West and the South. 

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The various mortgage brands run by Mid America Mortgage, Inc.

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Mid America Mortgage, Inc.
15301 Spectrum Drive, Suite 405
Addison, TX 75001
Phone: 214-261-3300
Toll Free: 866-544-7013
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550 Warrenville Rd
Lisle, IL 60532
Phone: 630-796-6092
Toll Free: 855-528-4572

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