Driven by an improved housing inventory, pending home sales rose modestly in October, marking its third-consecutive monthly increase, according to data released on Wednesday by NAR
Slowed contract signings in September are a likely sign that home price growth will soon come back down to earth, NAR Chief Economist Lawrence Yun said
Pending home sales dropped 1.9% in June, and 1.9% year over year to an index of 112.8, according to the National Association of Realtors' Pending Home Sales Index
In a reversal from the previous month, pending-home sales decreased in all regions except the Midwest, which saw gains of 3.5% from March to April
The Pending Home Sales Index declined 2.8% from the previous month to 122.8, but was up 13% from the year before and marked an all-time high for January
The National Association of Realtors' Pending Home Sales Index dropped 2.2%, to 130, in September after 4 consecutive months of contract activity growth
The increase sent the Pending Home Sales Index sailing to 122.1, marking the third month in a row of sales growth, according to the National Association of Realtors
According to NAR's Pending Homes Sales Index released on Monday, pending home sales increased 2.4 percent in February
The dawn of spring is propelling an increase in buyer demand, according to NAR's chief economist
New NAR data indicate that sales slowed down slightly
NAR cites high demand and fast sales as the reason