Pending home sales fall, marking the 16th-straight month of annual declines

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.

Pending Home Sales Fall, Marking the 16th Straight Month of Annual Declines The numbers: Pending home sales fell a seasonally adjusted 1.5% in April and were 2% lower than a year ago, the National Association of Realtors said Thursday.

April marked the 16th-straight month of annual declines. Contract signings precede closings by about 45-60 days, so the pending home-sales index is a leading indicator for upcoming existing-home sales reports. Only the Midwest saw an increase in April, with a 1.3% uptick.

Pending home sales unexpectedly slip in April, marking 16 straight months. a year ago, marking the 16th straight month of annual decreases.

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This would mark the second month. pending home sales fell 1.0% in March and are down 21.7% overall from last year. According to Bear Stearns, "tighter mortgage lending standards, a massive supply.

Pending home sales fall, marking the 16th-straight month of annual declines 9:06 a.m. May 31, 2019 Home-price gains are weakest in 7 years, and that’s a good thing, Case-Shiller says 3:58 p.m.

One more month – or even a couple more weeks – like this.. Pending home sales fall, marking the 16th-straight month of annual declines.

Mark Huffman has been a consumer news reporter for ConsumerAffairs .. Home values have declined slightly for two straight months.. The difference of 16 basis points on a $200,000 mortgage lowers the monthly payment by $18.75. recovery, U.S. home sales have slowed going into Autumn and prices have dipped.

Pending home sales fall, marking the 16th-straight month of annual declines (MarketWatch) – Pending home sales fell a seasonally adjusted 1.5% in April and were 2% lower than a year ago, the National Association of Realtors said Thursday. The consensus Econoday forecast was for a 0.5% increase. NAR’s index, which tracks home-contract signings, has been volatile, but the trend is solidly downward.

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