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What does pending mean? When an offer on a home has been accepted and is now under contract, it’s listed as “pending.” In other words, Lingscheit shares, if a home is pending it has “an ...
In some cases, pending could include the due diligence period, where the property undergoes an inspection and a public record check is done to make sure there are no legal issues. In other markets ...
Home sales under contract dropped 1.5% from the month before, according to the National Association of Realtors. The 71.4 index reading is the lowest since the index was originated in 2001.
Compared to a year earlier, pending contracts rose 2.6%. Housing contract activity rose in all regions of the US, led by the West , which jumped 9.8% from a month earlier and 12.3% compared to ...
Home sales under contract gained 1.1% in September from the month before. ... pending contracts remain at historically low levels due to the highest mortgage rates in 20 years," said Lawrence Yun ...
The National Association of Realtors (NAR) said on Wednesday its Pending Home Sales Index, based on signed contracts, rose 7.4% last month to 75.8 - the highest since March - from 70.6 in August.
The Pending Home Sales index, which measures signed real estate contracts for existing single-family homes, condos, and co-ops, rose 2% to 77.4 from a month earlier. An index of 100 is equal to ...
The South, however, saw pending home sales contract by 2.3% from October. Overall, all four regions registered year-over-year declines in transactions. ... and more than 90% have a rate under 6% ...