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Pending home sales hit two-year high: NAR

The National Association of Realtors (NAR) this morning released its data on pending home sales in August. The index fell from a two-year high of an upwardly revised reading of 101.9 in July to 99.2.

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The Pending Home Sales Index, a forward-looking indicator based on contracts signed in January, fell 7.6 percent to 90.4 from an upwardly revised 97.8 in December. Lawrence Yun, NAR chief economist.

The National Association of Realtors (NAR) this morning released its data on pending home sales in January. The index rose 4.5% from a downwardly revised 101.3 in December to 105.9, and it is 9.5%.

U.S. Pending Home Sales Rise Modestly in November Earlier this week, the Commerce Department reported sales of new homes at two-year highs. See story on new home sales. Also, S&P/Case-Shiller reported that home prices climbed in April, the first gain.

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The National Association of Realtors is America’s largest trade association, representing more than 1.3 million members involved in all aspects of the residential and commercial real estate industries. # # # *The Pending Home Sales Index is a leading indicator for the housing sector, based on pending sales of existing homes. A sale is.

Pending home sales hit two-year high: NAR. 0. Pending home sales rose in January and continued a 21-month trend of growing from year ago levels, the National Association of Realtors said. The company’s latest pending home sales index suggests the housing recovery is gaining momentum.

NAR: Pending home sales hit 10-year high. by Peter Thomas Ricci May 26, 2016. Pending home sales rose for the third consecutive month in April and reached their highest level in over a decade, according to new analysis from NAR.. The Pending Home Sales Index, a forward-looking indicator based on contract signings, hiked up 5.1 percent to 116.3 in April from an upwardly revised 110.7 in March.

In April 2010, the index hit. Pending sales have been above year-ago levels for the past 23 months. Although the housing market has started to pick up pace, the supply of homes for sale is 17.

The National Association of Realtors said on Thursday its Pending Home Sales.. Sales of new homes in the U.S. rose 3.6% in July to match a two -year high. hit 4.1 per cent by the end of the second quarter, their highest level since the.