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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 ...
Pending home sales, a measure of signed contracts on existing homes, dropped 1.5% in October from September. Pending home sales drop to a record low, even worse than during the financial crisis ...
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.
Another sale contingency – Purchase or sale of the real estate is contingent on a successful sale or purchase of another piece of real estate. The successful sale of another house may be needed to finance the purchase of a new one. Appraisal contingency – Purchase of the real estate is contingent upon the contract price being at or below a ...
While there were some success stories — sales of properties priced above $750,000 increased, as did sales of newly built homes — total pending home sales dropped in all four U.S. regions ...
“We'll see pending home sales falling accordingly in October.” The average rate on the 30-year fixed mortgage surged a half-point during the month, jumping from 7.49% in the first week to 7.79 ...
After dipping in January, the index for pending home sales rose 1.6% in February, according to data from the National Association of Realtors (NAR) released Thursday. The reading of 75.6 was the ...
US pending home sales dropped 7.1% in August from the month prior as mortgage rates surging over 7% in August to levels not seen in 20 years packed a punch.