U.S. pending home sales in November ticked upward for the first time in half a year, according to National Association of Realtors data released today.
Contracts to buy previously owned homes, also known as the Pending Home Sales Index, saw a 0.2 percent month-over-month boost to 101.7. Despite this good news, the year-over-year change was a 1.6 percent decline. Economist projects that signed contracts would go up 1 percent from October, which wasn’t far off.
“Several housing indicators have improved recently and the very modest increase in pending home sales in November is a tentative sign that activity is stabilizing, or perhaps even picking up,” JPMorgan Chase economist Daniel Silver told Reuters.
All-cash buyers accounted for 42 percent of the nearly 500,000 U.S. home purchases last month, according to RealtyTrac, as reported last week. That figure is the highest seen since RealtyTrac began tracking all-cash purchases in 2011
http://therealdeal.com/blog/2013/12/30/us-pending-home-sales-up-slightly-after-six-month-slump/
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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