"It will be interesting to see if monthly sales activity continues to rise despite tighter mortgage regulations. while the inventory dipped to 4.5 months. The national average price for homes sold.
Pending Home Sales Rise For 3rd straight month buyers are writing contracts at a furious pace nationwide. On a seasonally-adjusted basis, the Pending Home Sales Index rose 2 percent last month to reach its highest level since March.
Existing-home sales in central Indiana rose 4.3 percent in January, marking the 15th straight month of rising home deals. The increase came despite a continuing rise in prices and a decline in.
National Association of realtors pending home sales Climb 3.8% in march. pending home sales rose in March, reversing course from a month prior, according to the National Association of Realtors. Three of the four major regions saw growth last month, as the Northeast reported a minor slip in contract activity.
Iowa AG seeks jail time for bad mortgage bankers In the near term, the ABA also supports lowering the maximum loan limits for the GSEs and creating a bad bank structure for sorting out their troubled assets. bankers urge government to release.
The pending home sales index from the National Association of Realtors rose 3.2% in July after rising by 3.6% in June. That’s 12% higher than July 2008, and it marks the sixth straight increase..
"Pending home sales underperformed once again in May, declining for the second straight month and coming in at the second-lowest level over the past year," says Lawrence Yun, chief economist.
*The Pending Home Sales Index is a leading indicator for the housing sector, based on pending sales of existing homes. A sale is listed as pending when the contract has been signed but the transaction has not closed, though the sale usually is finalized within one or two months of signing.
US Pending Home Sales Rise for Third Month in a Row Posted by Robbie Bunting on May 15th, 2015. We have some excellent news to report from the national housing market: Evidently US pending home sales index increased for the third straight month in April.
Pending home sales rose for the eighth straight month in September as new home buyers rushed to take advantage of the tax credit before it expires, according to an industry group.
House shoppers signed 3.8% more contracts to buy existing homes in March compared with February, according to the National Association of Realtors’ pending home sales index. Sales were 1.2% lower.
Bankrupt Detroit may soon face delayed foreclosure process There are over 120 days of statutory waiting periods which slow down the foreclosure process to give the owner time to redeem. The laws which govern the foreclosure process require these delays such as the Thirty-Day letter, Default, and Order Setting Time which are described in this index.Freddie Mac: Brexit volatility tapers off, mortgage rates increase “Continuing fallout from the Brexit vote drove Treasury yields lower again this week,” Sean Becketti, freddie mac chief economist, said in a statement. “The 30-year fixed-rate mortgage followed..