US pending home sales fell 1.5% in April

 · Pending home sales down 2% annually, a sign that years of rising prices have hurt affordability despite recent declines in mortgage rates. US pending home sales fell 1.5% in April.

US pending home sales fell 1.5% in April May 31, 2019 admin Finance 0 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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. signed contracts to buy homes in April, reflecting the dearth of properties being listed for sale in the U.S. right now. The National Association of Realtors said Thursday that its pending home.

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 · WASHINGTON (AP) – 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. The National Association of Realtors said Thursday that its pending home sales index fell 1.5%.

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Pending home sales climbed 1.5 percent in the West and 0.3 percent in the Midwest. They were unchanged in the Northeast. The index level for pending home sales was 105.7 on a seasonally-adjusted basis.

The NAR Pending Home Sales Index – a barometer of real estate contract signings – fell from an index score of 107.6 in August. sales failed to come in above year ago levels. "This tells us to.

The National Association of Realtors said Thursday that its pending home sales index fell 1.5% to a reading of 104.3. Pending sales declined 2% over the past year. Sales have been hampered even with average 30-year mortgage rates slipping below 4% this week, according to mortgage buyer Freddie Mac.

The National Association of Realtors said Wednesday that its pending home sales index fell 1.3 percent in April to 109.8, after slipping 0.9 percent in March to 111.3. The index has fallen 3.3 percent.

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 · The NAR’s pending home sales index dropped to a reading of 104.3, down 1.5% from the prior month. Economists polled by Reuters had forecast pending home sales.

The National Association of Realtors said Thursday that its pending home sales index fell 1.5% to a reading of 104.3. Pending sales declined 2% over the past year. Sales have been hampered even.

What's causing the drop-off in pending home sales in the US, and in particular. and have pinpointed the inflection point of the market in June.