Currently viewing the tag: "Pending Home Sales"

Pending Home Sales Improve

On February 3, 2010 By

The Pending Home Sales Index bounced back in December after November’s big drop.

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After last month’s surge on the November data, December’s Existing Home Sales dropped sharply–nearly 17 percent and a hitting a 4-month low.

Still, it wasn’t a complete surprise.

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First time home buyers win on the latest Existing Home Sales report. The reason is very simple: We’re going on nearly a year where the housing information was generally positive. We’re hearing more about multiple offer situations and seeing more competition for the most desirable homes.

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When a home goes from listed or active to sold, it hits a middle stage of “pending.”

Pending homes are important and utterly irrelevant.

The irrelevance is that they are not Closed.

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Strong Pending Home Sales Data Hit Again

June’s figures show that the number of homes under contract rose for the fifth straight month.

This is the best run for the Pending Home Sales Index since 2009 and adds more supporting statistics that indicate the housing market [...]

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