Pending Home Sales Tick Up

Investor's Business Daily
December 2013
Investors Business Daily;12/31/2013, pA01
3 Contracts to purchase existing homes saw monthly growth of 0.2% in Nov., far below the 1.5% gain that was expected. Oct.'s drop was revised lower. But in ending a 5-month streak of declines, Nov. may mean the market is finally getting accustomed to higher home prices and mortgage rates, which shot up a full percentage point earlier in the year. Pending sales are down 1.6% annually.


Related Articles

  • The Rate Debate. HUNTER, BRAD // Builder: The Magazine of the National Association of Home Builde;Sep2013, Vol. 36 Issue 9, p30 

    The article discusses a debate on the effects of mortgage rates on home sales and traffic in new-home builder models in the U.S.

  • Mortgage Rates Up only Slightly from 2014 Lows. Wilhelm, Colin // Nationalmortgagenews.com;12/31/2014, p2 

    This article discusses the mortgage rates in the U.S. as of December 31, 2014, and the comment of Frank Nothaft, vice president and chief economist of government-sponsored enterprise Freddie Mac, regarding existing home sales and new home sales in the U.S. in November 2014.

  • Home Resales Keep Cooling. Investor's Business Daily // Investors Business Daily;12/20/2013, pA01 

    4 Sales of existing homes fell for the 3rd straight month in Nov., slipping 4.3% to an annualized pace of 4.9 mil. For the 1st time in 29 months, resales are also below year-ago levels. The Nat'l Assn. of Realtors cited low inventory and higher mortgage rates.

  • Newscan.  // California Real Estate;Aug2015, Vol. 95 Issue 5, p7 

    The article reports on the growth of pending home sales in the U.S., decline in the average fixed mortgage rate in 2015 as claimed by mortgage loan company Freddie Mac, and the supply of home in the market as claimed by the trade National Association of Realtors.

  • Homebuilders awaken. Schouten, Cory // Indianapolis Business Journal;4/16/2012, Vol. 33 Issue 7, p1A 

    The article reports on the resumption of land development operations by homebuilders as home sales are inching upward which thin out a glut of single-family lots piling up during the housing bubble in Indiana. Statements from builders reveal that the sales in spring is off to best start since...

  • April home sales continue to point steady slow recovery.  // Inside Tucson Business;5/17/2013, Vol. 22 Issue 51, p19 

    The article reports on the slow recovery of the housing market in Tucson, Arizona in May 2013. According to the Long Realty Research Center, total inventory on the market has dropped to a 3.2 month supply from 4.2 in April 2012. Details on the house sales and leases and weekly mortgage rates for...

  • Lennar Beats Estimates.  // National Mortgage News;3/31/2014, Vol. 38 Issue 13, p1 

    The article discusses the selling of homes at increased price, overcoming analysts' estimates, as per the report of the U.S. homebuilder Lennar Corp. Topics discussed include prices being increased by the Publicly traded builders for tight supply of existing and new homes, decrement of home...

  • Existing-Home Sales Revival. Investor's Business Daily // Investors Business Daily;1/25/2016, pA01 

    4 Sales of existing homes rebounded sharply in Dec., rising 14.7% from Nov.'s total to a yearly rate of 5.46 mil units. Economists saw 5.2 mil units. Year on year, sales increased 7.7%. Unseasonably warm weather throughout the nation and buyers fretting higher mortgage rates were credited with...

  • VITAL STATISTICS.  // Mortgage Banking;Feb2013, Vol. 73 Issue 5, p114 

    Several tables are presented related to mortgage interest rates, home sales and construction from December 2011 to December 2012.

  • The Slowdown in Existing Home Sales. KRAINER, JOHN // FRBSF Economic Letter;5/19/2014, Vol. 2014 Issue 15, p1 

    Sales of existing homes slowed noticeably over the second half of 2013, reflecting a more drawn-out recovery than expected for housing markets. A main reason for the slowdown is higher mortgage rates that have made financing more costly nationwide. Sales appear to be slowing even more in...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics