Posts Tagged NAR

Existing-Home Sales Rise for the First Time in Six Months

shopping cart money bag house

After six straight months of declines, the number of existing-home sales crept back up in October, according to the latest data from The National Association of RealtorsĀ® (NAR). Total existing-home sales are defined as completed transactions that include singe-family homes, townhomes, condominiums and co-ops that are already built; i.e., not new construction. The number of these home sales increased 1.4 percent from September to a seasonally adjusted rate of 5.22 million last month. Sales remain lower on a year-over-year basis with sales down 5.1 percent. What’s behind the trend? NAR’s Chief Economist Lawrence Yun says greater housing inventory has brought

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Pending Home Sales See Slight Improvement in September

house on chart showing decrease in statistics

Pending home sales increased 0.5 percent in September with substantial gains in both the West and Midwest regions, according to the latest information from the National Association of Realtors (NAR). The Pending Home Sales Index (PHSI), a forward looking indicator based on contract signings, increased 0.5 percent to 104.6 in September from 104.1 in August. Despite the small month-over-month improvement, contact signings continued to drop on an annual basis. September marked the ninth consecutive month of annual declines.

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Existing-Home Sales Slip in September

The sales of existing homes fell in September, after remaining almost completely flat the month prior. However, the level of existing-home inventory held its annual gain, reflecting a slight improvement over September 2017. According to recent data released by the National Association of Realtors (NAR), closed transactions for existing single-family homes, townhouses, condos, and cooperative apartments was at a seasonally adjusted rate of 5.15 million in September. This reflects a 3.4 percent drop from both the July and August rates, both of which came in at 5.34 million units. The month-over-month decline in existing-home sales is not new; March was

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