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Pending home sales rise for 15th straight month

The NAR’s pending home sales index dropped to a reading of 104.3, down 1.5% from the prior month. Economists polled by Reuters had forecast pending home sales would rise 0.9% last month. marking.

A forward-looking indicator of US home sales unexpectedly fell in May declining for the second consecutive month data on Wednesday showed. The pending home sales index, or signed contracts for.

 · U.S. pending home sales rise in March. 1 Min Read.. The NAR’s pending home sales index increased to a reading of 105.8, up 3.8 percent from the prior month and the highest since July.

*The Pending Home Sales Index is a leading indicator for the housing sector, based on pending sales of existing homes. A sale is listed as pending when the contract has been signed but the transaction has not closed, though the sale usually is finalized within one or two months of signing.

 · US pending home sales for March is higher than expectations. The US pending home sales for March came in higher than expectations of 3.8% versus 1.5% expected. The rise offset a -1% gain last month.

RealtyTrac: May foreclosures inch up 2% In January, the foreclosure rate had fallen 10% from December, according to RealtyTrac. And though foreclosures were up 6% in February from a year earlier, even that marks the smallest jump since.

U.S. pending home sales fall unexpectedly in April – Reuters – The NAR’s pending home sales index dropped to a reading of 104.3, down 1.5% from the prior month. Economists polled by Reuters had forecast pending home sales would rise 0.9% last month.

Monday Morning Cup of Coffee: Goldman Sachs economist predicts greater housing gains FTSE CLOSE: Footsie heads lower as data highlights slow growth at major. – With an hour of trading to go, the FTSE 100 index was down 21.8 points at 6,776.8, close to the morning low of. to Congress’ Joint Economic Committee that one risk for the US economy is that the.

The Ascent is The Motley Fool’s new personal finance brand devoted to helping you live a richer life.. Pending Home Sales Rise for Third Straight Month. pending home sales have been on the.

Pending Home Sales Post a Sequential Rise in March. Year-over-year contract signings declined 1.2%, making this the 15 th straight month of annual decreases.

 · Contracts to buy previously owned homes rose to an eight-month high in March, the National Association of Realtors said on Tuesday. The NAR’s pending home sales index increased to a reading of 105.8, up 3.8 percent from the prior month and the highest since July. February’s index was unrevised at 101.9.

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Pending sales of existing homes rose for the ninth consecutive month, and a real estate group predicts the housing market will stabilize by next summer. The National Association of Realtors says.

Pending home sales in Lancaster County rise for 4th straight. – Pending home sales in Lancaster County rose 9.8 percent in March, improving for the fourth straight month, a new report says. Some 502 homes here were placed under agreement last month, up from.

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