Pending home sales climbed 0.3% month-over-month in April. This missed expectations for a 1.5% rise.
On a yearly basis they were up 13.9%, beating expectations for a 13.9% rise.
“The housing market continues to squeak out gains from already very positive conditions. Pending contracts so far this year easily correspond to higher closed home sales in 2013,” said Lawrence Yun NAR chief economist in a press release.
A regional breakdown showed that the pending home sales index (PHSI) increased the most in the Northeast, up 11.5% on the month, and 17.7% on the year. The PHSI fell the most in the West, down 7.6% on the month and 2.6% on the year.
March’s reading was revised up modestly to show a 5.9% year-over-year rise.
Here’s a look at how pending home sales have done since 2001:
April Pending Home Sales – Business Insider.
Just back out of hospital in early March for home recovery. Therapist coming today.
Sales fell 5.9% from September and 28.4% from one year ago.
Housing starts decreased 4.2% to a seasonally adjusted annual rate of 1.43 million units in…
OneKey MLS reported a regional closed median sale price of $585,000, representing a 2.50% decrease…
The prices of building materials decreased 0.2% in October
Mortgage rates went from 7.37% yesterday to 6.67% as of this writing.
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