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NAR: Pending home sales up 10.3% from last year

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Housing Bubble 2.0 - Case Shiller Sales Slowing - Top 10 Declining Markets - CA Home Sales Report According to the NAR, the PHSI in the Northeast surged 10.3% to 96.0 in February but is still 5.1% below a year ago. In the Midwest the index inched forward 0.7% to 98.9 in February but is 9.5% lower than February 2017. Pending home sales in the South rose 3.0% to an index of 125.7 in February but are 1.5% lower than last February.

as pending home sales increased 1.6% to an index score of 109.0 in December – up from 107.3 in November, according to the National Association of Realtors (NAR). With last month’s uptick in activity,

This week, the NAR released data showing that pending home sales fell 2.2% in December, the lowest point since 2014. The reasons for the housing slowdown are myriad, but affordability concerns – especially among millennials – are playing a prominent role, with mortgage rates shooting up in 2018 amid a long-running ascent in home prices.

The Revere housing market is very competitive. Homes in Revere receive 3 offers on average and sell in around 21 days. The average sale price of a home in Revere was $439K last month, up 9.6% since last year. The average sale price per square foot in Revere is $272, up 10.3% since last year.

Quicken Loans parent company Rock Holdings acquires Canadian fintech company Lendesk Rock Holdings, the parent company of Quicken Loans, has acquired a majority stake in Lendesk, a Canadian fintech that connects Mortgage Brokers with that nation’s leading lenders. The financial terms of the transaction were not disclosed. Lendesk, which debuted it proprietary, direct-to-lender, mortgage application network in October 2018, will continue to operate independently from its.

The December inventory decreased 11.4%, and is 10.3% lower than a year ago, having decreased for the 31st consecutive month. At the current sales rate, the december unsold inventory represents a 3.2-month supply, the lowest since NAR began this series in 1999. December existing sales reached a seasonally adjusted rate of 5.57 million units, compared to a downwardly revised 5.78 million in november. total existing home sales include single-family homes, townhomes, condominiums and co-ops.

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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.

Pending home sales continued to inch higher in April with the National Association of Realtors Pending Home Sales Index rising slightly to an index score of 106, a 0.3% increase from the March 105.

AEI labels Johnson-Crapo the ObamaCare of GSE reform’ Former undersecretary of state and founding executive director of the George W. Bush Institute james glassman called the mortgage system that would be assembled under the Crapo-Johnson proposal for GSE reform "the Obamacare of real estate" for taking a top-down approach to reshaping nearly one-sixth of the US economy.