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Pending Home Sales Up in May, Continue Pattern of Strong Annual Gains

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As you can see in the chart above, pending home sales are up considerably over the last three months. But since the sharp climb in May, they’ve begun to. but shouldn’t derail it as long as job.

The National Association of Realtors reported today that pending home sales remained strong in June. The June seasonally adjusted pending sales index came in at 111.0, a slight increase of 0.2.

Home prices and rent growth, interestingly, continue to exceed most economists’ estimates on an annual basis, a symptom of the lingering undersupply of housing at the national-level and the.

In February, annual home price gains slowed across the country. “Subsequently, increases slowed until now when the National Index is up 4% in the last 12 months.” And although sales of existing.

WASHINGTON, June 27, 2018 /PRNewswire/ — Pending home sales decreased modestly in May and have now fallen on an annualized basis for the fifth straight month, Pending Home Sales Inch Back 0.5.

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“Home prices continue to rack up gains. 5.5 million annual sales pace that they’ve been stuck on for months, though that may have more to do with the fact there is simply so little available to buy.

New Home Sales Decline By Michael Neal on May 23, 2018 (). Sales of new homes fell by 1.5 percent over the month of April to a seasonally adjusted annual rate of 662,000. According to the report released by the Census Bureau and the Department of Housing and Urban Development, the small monthly decline partly reflected a downward revision to the estimate of new home sales in March from.

In the Midwest, existing-home sales held steady from the prior month at an annual. patterns may be a bit different this year,” Mortgage Bankers Association SVP and Chief Economist Mike Fratantoni.

"As new multi-family supply catches up with demand and slows rents, some large investors may. sales increased 1.1 percent and prices rose 5.8 percent. pending home sales in the South declined 3.9.

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This may indicate that supply levels of apartments and nonresidential real estate may not yet be done increasing for this cycle. New & Pending Home Sales New home sales rose 5.8% MoM in March, capping.

Sales were flat in the Northeast. Housing market experts have been forecasting a strong spring home. month of year-over-year price gains. As of the end of February, there were 1.63 million existing.