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

What happened: NAR’s index, which tracks home-contract signings, has been volatile, but the trend is solidly downward. 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.

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.

Pending home sales have now fallen on an annual basis for seven consecutive months in July, according to the latest report from the National Association of Realtors. The Pending Home Sales Index.

pending home sales were down 2.0%, marking the 16th straight month of annual decreases.

Unadjusted pending home sales dropped 4.4% YoY (the 4th straight month of declines – the longest streak since 2014). "Healthy economic conditions are creating considerable demand for purchasing a home, but not all buyers are able to sign contracts because of the lack of choices in inventory," Lawrence Yun, NAR’s chief economist, said in.

Pending-home sales slid 2.2% in December to a reading of 99, and were 9.8% lower compared to a year ago, marking the 12th straight month of annual declines. January 30, 2019 MarketWatch

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The National Association of Realtors’ Pending Homes Sales Index dropped 7.7 percent year-over-year in November, marking the 11th straight month of annual decreases. The forward-looking indicator.

Pending home sales fall, marking the 16th-straight month of annual declines. An index of home-contract signings fell for the second month out of four so far in 2019, further evidence that the.

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Pending home sales declined by 1.5% in April from March while also seeing a drop year-over-year, marking the 16th straight month of annual declines. Pending home sales occur 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.

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