Pending Home Sales Trail Off 1.5% in April

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US pending home sales fell 1.5% in April May 31, 2019 Finance Comments Off on US pending home sales fell 1.5% in April Fewer Americans signed contracts on homes in April compared with the prior month, potentially signaling that rising prices have outweighed recent declines in mortgage rates.

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NAR: Pending home sales trail off 1.5% in April WASHINGTON – May 30, 2019 – Pending home sales declined in April in a modest change from the growth seen a month before, according to the National Association of Realtors (NAR).

Pending home sales in the South fell 2.5% to an index of 124.0 in April, which is 1.8% lower than last April. The index in the West dropped 1.8% in April to 93.5 and fell only 1.5% below a year ago. The National Association of Realtors is America’s largest trade association, representing more than 1.3 million members involved in all aspects.

The Pending Home Sales Index, a forward-looking indicator based on contract signings, fell 1.5% to 104.3 in April, down from 105.9 in March. Year-over-year contract signings declined 2.0%, making this the 16th straight month of annual decreases .

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Pending home sales in the South fell 2.5% to an index of 124.0 in April, which is 1.8% lower than last April. The index in the West dropped 1.8% in April to 93.5 and fell only 1.5% below a year ago. to post a comment on this article: login – or – register

Pending Home Sales Trail Off 1.5% in April By: Staff Report May 30, 2019 Pending home sales declined in April, a modest change from the growth seen a month before, according to the National Association of Realtors.

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Pending Home Sales data are provided by NAR solely for use as a reference. No part of the data may be reproduced, stored in a retrieval system, transmitted or redistributed in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without NAR’s prior written consent for those who are not members of NAR.

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