Pending home sales declined to four-year low in October

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The Fed earlier this month raised interest rates for the second time this year. Also, the inventory of available properties fell 4.3 percent from October 2015 to. U.S. homes declined in October to a four-month low, showing the residential real.. The index of pending home resales increased 5.1 percent (forecast was 0.7.

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Pending home sales have declined in six of the last eight months, signaling more trouble for the housing sector. The monthly reading for October remained unrevised at 0.6% decline from the.

The National Association of Realtors said its Pending Home Sales Index (PHSI) declined 1.3 percent in April, down from its March reading of 107.8 (revised from 107.6) to 106.4. The index, a.

Pending sales of homes in the U.S. fell again in November to a four-year low in another sign of widespread weakness in the real-estate market that’s likely to continue into 2019. December 28.

Pending home sales rose strongly nationwide in October, remaining up by 9.2 percent year. Yun also indicated that record low default rates and a decline in inventory due to less building after the.

The group’s index of pending home sales slipped to a reading of 102.1 in October, a decline of 2.6 per cent from September. Contract signings were down 6.7 per cent on a year-over-year basis.

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Pending Home Sales in the United States averaged 0.71 percent from 2002 until 2019, reaching an all time high of 30.90 percent in October of 2009 and a record low of -24.30 percent in April of 2011. Pending Home Sales Index is based on sales of existing homes where the contract has been signed but the transaction has not been closed.

The National Association of Realtors (NAR) Pending Home Sales Index (PHSI), a forward-looking. January 2017 and is the lowest reading since October 2014 (104.1). Inventory has continued to decline.

U.S. Pending Home Sales Unexpectedly Plunge To Four-Year Low In October November 30, 2018 Pending home sales in the U.S. unexpectedly showed a substantial decrease in the month of October, according to a report released by the National Association of Realtors on Thursday.

historically low rates and moderating price growth are likely to entice more buyers to enter the market in upcoming months." In November the gauge of pending home sales rose 1.4% in the Northeast, 1.3.

Pending home sales tumble to 4-year low in latest sign of a housing-market correction. In October, pending sales in the Northeast rose 0.7%.. when new home sales decline and inventory.

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