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Feb 29

Pending Home Sales Rise To 22-Month High

February 29, 2012 By Leave a Comment
Pending Home Sales February 2012

The housing market appears headed for a strong spring season. After a brief setback in December, the Pending Home Sales Index resumed its climb in January, posting a 2 percent gain over the month prior. The data puts pressure on DC home buyers. This is because a "pending home" is a home that's under contract to sell, but has not yet sold. It's tracked by the National Association of REALTORS® and, among all housing statistics, it's the only one that's "forward-looking". The Pending Home … [Read more...]

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Dec 02

More Housing Strength : Pending Home Sales Surged In October

December 2, 2011 By 2 Comments
pending-october

If you're waiting for home prices to reach its bottom, you may have missed your window. After 3 consecutive months of easing, the Pending Home Sales Index jumped 10 percent in October, lending credence to the belief that housing is in recovery. The Pending Home Sales Index is a monthly publication from the National Association of REALTORS®. It measures the number of homes under contract to sell nationwide. October's reading is the highest for all of 2011, and the second-highest dating … [Read more...]

Filed Under: Buying Real Estate in Washington, DC Tagged With: , , , , , , , , , ,
Oct 28

Pending Home Sales Index Slips For 4th Straight Month

October 28, 2011 By 4 Comments
pendingsales

Nationwide, fewer homes are going under contract to sell. According to the National Association of REALTORS®, the Pending Home Sales Index fell 5 percent last month. September marks the fourth consecutive month in which the index has dropped. The Pending Home Sales Index is a monthly index which measures the number of homes under contract to sell, but not yet closed. As such, it's among the few "forward-looking" housing indicators; a data set meant to predict future home sales. 80% of … [Read more...]

Filed Under: Selling Real Estate in Washington, DC Tagged With: , , , , , , ,
Sep 30

Despite Low Rates, Pending Home Sales Slip In August

September 30, 2011 By 1 Comment
pendinghome

Despite the lowest mortgage rates of all-time, home buyers are slowing the pace at which they're buying homes. According to the National Association of REALTORS®, on a seasonally-adjusted basis, the Pending Home Sales Index fell 1 percent in August. The Pending Home Sales Index measures homes under contract, but not yet sold, nationwide. In this respect, the Pending Home Sales Index is a forward-looking housing market indicator; a predictor of future home sales. It's one of the few … [Read more...]

Filed Under: Selling Real Estate in Washington, DC Tagged With: , , , , , ,
Jul 29

Pending Home Sales Rise For 3rd Straight Month

July 29, 2011 By 1 Comment

Buyers are writing contracts at a furious pace nationwide. On a seasonally-adjusted basis, the Pending Home Sales Index rose 2 percent last month to reach its highest level since March. A "pending home sale" is a home under contract to sell, but not yet closed. The forward-looking Pending Home Sales Index is up 11 percent from its low of the year, according to the National Association of REALTORS®, and well ahead of its rolling 6-month average. Unfortunately, national data isn't … [Read more...]

Filed Under: Buying Real Estate in Washington, DC Tagged With: , , , , ,
Jun 30

Pending Home Sales Unexpectedly Spike In May

June 30, 2011 By Leave a Comment

The summer housing market is heating up. According to data from the National Association of REALTORS®, the Pending Home Sales Index smashed analyst expectations, jumping 8 percent on a monthly basis in May. Wall Street calls were for an increase of just 0.5 percent. It was a surprise result that, coupled with the recent stronger-than-expected New Home Sales and Existing Home Sales readings, has sparked housing market optimism in Washington, DC and nationwide. The biggest reason for … [Read more...]

Filed Under: Buying Real Estate in Washington, DC, Selling Real Estate in Washington, DC Tagged With: , , , , ,
Apr 29

Pending Home Sales Point To Seller’s Market This Summer

April 29, 2011 By Leave a Comment

The National Association of REALTORS® Pending Home Sales Index rose for the third straight month last month. A "pending home sale" is a home under contract to sell, but not yet closed. The Pending Home Sales Index rose 5 percent in March, posting its second-highest reading since April 2010. Not coincidentally, that month marked the expiration of last year's federal home buyer tax credit. Home buyers and sellers in District of Columbia would do well to watch the Pending Home Sales Index … [Read more...]

Filed Under: Selling Real Estate in Washington, DC Tagged With: , , ,
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