Pending home sales declined to four-year low in October

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.

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Pending home sales in October were down by 6.7 percent compared to the same month a year ago, reflecting the tenth straight month of annual decreases. A pending home sale is one in which 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.

"Weak buyer demand, largely prompted by elevated home prices, is playing a role in the softening housing market," said C.A.R. President Jared Martin. "However, with low interest. year sales.

The National Association of Realtors said on Wednesday its Pending Home Sales Index, based on contracts signed in April, rose 6 percent to 110.9, the highest level since October and above. when.

According to NAR, the decline in the PHSI may have resulted from concerns over stock market volatility, housing affordability and higher mortgage rates in October and November. Despite monthly fluctuations, there has been a downward trend for pending home sales over the past 12 months, with sales lower compared to a year ago.

The National Association of Realtors is reporting that pending home sales declined 1.3% in April, marking their lowest level over the past year. The NAR’s Pending home sales index declined 1.3% to 106.4 in April, down from March’s revised number. A sale is listed as pending when the contract has been signed but the transactionRead More

New York providing grants to boost zombie property law compliance Housing starts fall more than expected, permits steady The U.S. Commerce Department revised March data at the same time, showing housing starts climbing to 1.168 million units instead of the previously reported decline to 1.139 million. building permits edged up 0.6% to a rate of 1.296, though permits for single-family dwellings declined for the.Overuse of GSE tools in the private-label market adds risk: Moody’s Differences between GSE and private-label loan pricing appear to be driving this trend. "The credit quality of GSE-eligible mortgages included in private-label RMBS collateral pools has thus far resembled that of prime jumbo loans more than that of GSE-owned loans," says Yehudah Forster, a Moody’s Senior Vice President.

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.

"The lowest interest rates in more than a year gave would-be buyers the confidence to enter the housing market and provided a much-needed push to jump-start the spring home buying season," said C.A.R..

American Mortgage Consultants buys Meridian Asset Services Bonnie Sinnock Bonnie Sinnock has been writing for national mortgage news since 1995. She also has worked on other SourceMedia publications as an editor and a reporter. Previous to joining SourceMedia, her work appeared in publications that included the los angeles times.american mortgage consultants, Inc. has announced its acquisition of Meridian Asset Services, Inc. Financial terms of the transaction were not announced. Based in New York, USA, American Mortgage Consultants, Inc. is a provider of due diligence and consulting services for large and small clients in the United States.

Pending home. October 2008 (4 percent). Furthermore, sales to first-time buyers reached 34 percent, which matched the highest share since July 2012 and was up convincingly from September 2015 (29.

Lennar warns of hurricane-related delays to new-home deliveries LENNAR: Hurricane Irma is going to cause delays in home deliveries. Harvey is expected to impact deliveries of 130 homes in the fourth quarter, Lennar said. The company said orders – a key indicator of future revenue for homebuilders – rose 8 percent to 7,610 homes in the third quarter ended aug. 31. lennar sold 7,598 homes in the quarter, up 12 percent from a year earlier.