Pending home sales hit two-year high: NAR

The NAR said its pending home sales Index, based on contracts signed last month. The 30-year fixed mortgage rate is currently at 4.23 percent, below a more than 2-1/2-year high of 4.32 percent hit.

 · Pending home sales in the South decreased 1.4 percent to an index of 120.2 in February, but is still 10.8 percent above last February. The index in the West climbed 6.6 percent in February to 102.1 (highest since June 2013 at 111.4) and is now 18.3 percent above a year ago.

Contracts to buy previously owned U.S. homes rose in November to their highest level in 2-1/2 years, an industry group said on Friday, further evidence of a strengthening housing market recovery.

Pending home sales – sales contracts that have yet to close – hit a two-year high in January, the National Association of Realtors said Monday, approaching levels last seen during the federal. At the end of last year, the mortgage payment on a typical home required about 17.5 percent.

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The Voice for Real Estate 24: Closing Time Crunch On Thursday, Pending Home Sales data from the National Association of. Two weeks ago, mortgage rates were only 2 basis points shy of a new 7-year. economic data and expected Fed rate increases to hit a new 7-year high.. july inventory data from the National Association of REALTORS showed.

Pending homes sales soared in February to their highest level since June 2013, according to data released by the National Association of Realtors (NAR) on Monday. The Pending Home Sales Index rose 3.1.

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The Pending. a two-year high of 4.51% in late June. June marks the 26 th straight month that pending sales have clocked in above year-ago levels. The June index is 10.9% above the year-ago reading.. Pending home sales hit 3-year low..

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The Pending Home sales index jumped 6.7% to 112.3 for May, according to a National Association of Realtors (NAR) report released today. If that prediction turns out to be true, 2013 sales would hit.

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, and is now 4.6 percent above April 2015 (111.2).

Fannie Mae: Housing starts to triple by 2013 to nearly 1.5 million Housing market starts 2015 on several weak notes U.S. homebuilding dropped to a near two-year low in March, pulled down by persistent weakness in the single-family housing segment, suggesting the housing market continued to struggle despite.