Pending home sales declined to four-year low in October

According to the National Association of Realtors, "Pending home sales. of the more favorable trends toward homeownership, such as lower.

Pending Home Sales Tumble to 4-Year Low in Latest Sign the Housing-Market Correction Has Arrived U.S. pending home sales slid 2.6% to a reading of 102.1 in October from 104.8 in September, the.

The percentage of Americans who own homes has fallen to nearly a 48-year low of 63.7 percent. This shift has unleashed so much multi-family construction that October. sales price was $221,900 in.

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WASHINGTON, Oct. 19, 2018 /PRNewswire/ — Existing-home sales declined in September after a. All the while, affordable home listings remain low, continuing to spur. 2008), unchanged from last month and down from 4 percent a year ago. NOTE: NAR's Pending Home Sales Index for September is.

Home-contract signings fell in October, signalling fewer sales in coming months, another bad sign for a limping housing market.

Any expected Trump bump in home sales didn’t materialize in contracts for homes signed in November. Higher mortgage rates hit home sales, driving the National Association of Realtors Pending Home.

On a year-over-year basis, sales were 5.4% lower than a year ago.. all four major regions saw a decline in existing home sales in March,

Sales of previously owned U.S. homes posted their largest annual. Sales fell on an annual basis in October, as higher mortgage rates reduce home affordability. Sales, however, posted a sharp 5.1% drop compared with a year earlier, ” There is some feeling that the market could actually go even lower.

Pending Home Sales Decline in April. Year-over-year, the PHSI increased 2.7% in the South, but declined by 4.6% in the West, 5.1% in the Midwest and 7.0% in the Northeast. Existing sales fell last month, and the combination of a tight inventory, rising mortgage rates and higher prices suggest more of the same this spring.

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That followed year-over-year declines of 7.8% in November and 5.1% in October, according to nar. nar released data earlier this month showing that pending home. said the home-sales drought had hit.

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Pending Home Sales in the United States averaged 0.72 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.