Pending home sales declined to four-year low in October

The National Association of Realtors said on Wednesday its pending home sales Index, based on contracts signed in April, rose 6 percent to 110.9, the highest level since October and above. when.

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Not to the levels that we experienced last year, perhaps because we are seeing more listings on come on. The Snohomish County housing market remains in a.

Pending Home Sales in U.S. Declined to Four-Year Low in October Shobhana Chandra , Bloomberg News (Bloomberg) — Contract signings to purchase previously-owned U.S. homes unexpectedly fell by the most since January, reaching the lowest level since mid-2014 amid mounting evidence that the housing market is struggling.

The index of pending home sales dropped 2.6%, after a 0.7% gain the previous month, according to data Thursday from the National Association of Realtors in Washington. That missed the median estimate in Bloomberg’s survey calling for a 0.5% rise.

Pending Home Sales Decline in April By Stephen Melman on May 31, 2018 (). The Pending Home Sales Index decreased 1.3% in April, and remains 2.1% below the level one year ago, having declined on an annualized basis for the fourth straight month.

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Mortgage applications rise as lower rates draw buyers into the market Weekly mortgage applications rise 2.7% in a strong week for homebuyers – After pulling back for several weeks, homebuyers stepped back into the mortgage market last week. Total mortgage application. for sale at the low end of the market is slim, there is a growing.Time to close home loans for millennials varied widely For years, there has been a widely-held belief that millennials prefer urban living, and would rather rent an apartment than own a home. But new research suggests that as young professionals get married and consider starting families, their tastes are shifting to suburbs. And first-time home buyers are on the hunt, now more than ever.Good/Bad Housing Markets In 2014 May Be a Surprise

April's pending home sales had been expected to build on the gains posted in two. the four major regions, and the April decline put year-over-year contract signings. As the lending industry sees 19-month lows in rates (the 10-year hit 1.37% in.. index rose 3 points to 66 in May, its highest level since October of last year.

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california pending home sales drop to lowest level in six months in October, portending market softening as year winds down, C.A.R. reports. Pending home sales have declined on an annual basis.

Chicago Real Estate Market Update: January Home Sales Hit 4. – Chicago home sales have declined 6 out of the last 8 months. It looks like January was another weak month for home sales in the Chicago real estate market – down 7.1% from last year.