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Pending Home Sales Skid in May

WASHINGTON (June 29, 2016) — After steadily increasing for three straight months, pending home sales let up in May and declined year-over-year for the first time in almost two years, according to the National Association of Realtors®. All four major regions experienced a cutback in contract activity last month.

The Pending Home Sales Index,* a forward-looking indicator based on contract signings, slid 3.7 percent to 110.8 in May from a downwardly revised 115.0 in April and is now slightly lower (0.2 percent) than May 2015 (111.0).... Read More

June 30th, 2016|Comments Off on Pending Home Sales Skid in May

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February 26th, 2015|0 Comments

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February 26th, 2015|0 Comments