Pending home sales surged by in March, marking the greatest month-to-month increase since December 2023. The National Association of Realtors’ (NAR) Pending Home Sales Index was up by 6.1% month-over-month to a reading of 76.5 in March; an index of 100 is equal to the...
Pending home sales were on the rise in February, according to data from the National Association of Realtors (NAR). Last month, NAR’s Pending Home Sales Index (PHSI) grew 2.0% to 72.0 in February; an index of 100 is equal to the level of contract activity in 2001....
Roughly 41,000 home purchase agreements were canceled in January, equal to 14.3% or one in seven homes that went under contract. According to a new data report from Redfin (NASDAQ: RDFN), last month’s cancelation rate was up from 13.4% in January 2024 and is the...
Pending home sales dropped during January, according to new data from the National Association of Realtors (NAR). The Pending Home Sales Index (PHSI), NAR’s forward-looking indicator of home sales based on contract signings, tumbled by 4.6% to 70.6 in January, an...
After four consecutive months of increasing sales volume, pending home sales sank by 5.5% in December. The National Association of Realtors’ (NAR) Pending Home Sales Index fell to 74.2 from November into December. Year-over-year, pending transactions declined 5.0%. An...
Small Mortgages Fall Below 3% of Originations, Exposing Rural Lending Gap
