The title is from the National Association of Realtor’s Pending Home Sales report for August in reference to NAR chief "economist" Larry Yun’s commentary on the housing market. Pending homes sales in August, which are based on contracts signed, dropped 2.6% from August. They’re also 2.6% below a year ago August. These are SAAR numbers.
Home sales fell sharply in the second half of 2018, culminating in an especially bleak december: existing-home sales in the US fell 10.3% from last year, the steepest decline in more than seven.
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Pending-home sales rebound in February, even as Realtors slash 2018 sales forecast. The February rebound still leaves the index 4.1% lower than its level a year ago, though NAR noted in a release that last February’s reading was the second-highest in over a decade. Pending sales surged 10.3% in the Northeast, and ticked up 0.7% in the Midwest in February. They rose 3.0% in the South and 0.4% in the West.
FHA temporarily eases guidance on condo approvals "It is anticipated that the issuance of these additional temporary provisions will increase the pool of condominium projects eligible for FHA approval, thus increasing affordable housing options for first-time and low to moderate income homebuyers," FHA stated in the mortgagee letter.
Pending home sales dropped 2.6% vs. last month and dropped 2.6% vs. last year. The index is at the lowest level since January 2016. The National Association of Realtors revised down their forecast.
Washington Supreme Court: MERS cannot obtain foreclosure power without note PHH Home Loans adds Steve Majerus as western regional executive And then just another follow up on the cash from the PHH Home loans JV sale so the $92 million that you expect in proceeds is there a payment after that to Realogy or is 35 is half of initial sale.In 2012, the Ohio Supreme Court held that a party who does not possess a properly indorsed promissory note at the time the foreclosure proceeding is begun lacks standing, and is not the real party in interest, and that these defects cannot be cured by transfers and indorsements made after the complaint has been filed; see Federal Home Loan.Foreclosures down for third straight month as lenders manage backlog: RealtyTrac Foreclosure filings dip for third straight month. Banks repossessed more than 77,000 homes last month, down from nearly 88,000 homes in September.. lenders are delaying foreclosure as they.
NAR Reports Home prices up for third consecutive quarter, median price hits $232,100. Sales are now 1.1 percent higher than February of last year. #GoodNews. Although home sales in the Midwest.
12/11/07 The National Association of Realtors said the pending U.S. home sales index was up 0.6% in October but down 18.4% YoY. A trade group for real-estate agents said the battered housing market is on the verge of stabilizing and raised its outlook for 2007 and 2008 home sales.
Pending home sales down again in August This year’s housing production may fall below the pace of 2016. (NAR) reports its Pending Home Sales Index. Last year, existing sales rose 3.8 percent.
December dropped 10.8% to 1.65m existing home for sale which is the lowest level since NAR began tracking supply of all housing types in 1999! Inventory is 6.3% lower than one year ago. Unsold inventory is at a 3.6 month supply at the current sales pace. gpc total listings january 1st were 1,098 up 4.5% from January of last year.
An index of pending. home sales are tabulated when a deal closes, usually a month or two later. Resales, which make up about 90% of the market, dropped in August from the strongest since 2007, NAR.
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