Pending home sales declined to four-year low in October

Latest News. Pending home sales increased in all four major regions in June, but overall activity lagged year ago levels for the sixth straight month. Next release: Pending Home Sales for July 2018 will be released on Wednesday, August 29, 2018 at 10:00 a.m. Eastern. The Pending Home Sales Index (PHS), a leading indicator of housing activity,

An index of pending home sales increased 0.2 percent in October after a revised 1.6 percent decline a month earlier. South and West — affordability concerns remain heightened as low inventory.

U.S. stocks fell, following the longest rally for the Standard & Poor’s 500 Index since 2004, after a report showed pending home sales declined. low to spur growth. The S&P 500 is about 4 percent.

Pending Home Sales in U.S. Declined to Four-Year Low in October Shobhana Chandra , Bloomberg News (Bloomberg) — Contract signings to purchase previously-owned U.S. homes unexpectedly fell by the most since January, reaching the lowest level since mid-2014 amid mounting evidence that the housing market is struggling.

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The numbers: Pending sales of homes in the U.S. fell again in November to a four-year low in another sign of widespread weakness in the real-estate market that’s likely to continue into 2019.

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The National Association of Realtors (nar) monday morning released its data on pending sales of existing homes for October. of 106.2 and are now up 10.4% compared with October 2014. Sales in the.

San Francisco County was the anomaly with pending sales rising 15.1 percent from a year ago. Pending home sales were down 7.3 percent from October 2016 in Southern California. Los Angeles and Orange counties registered lower annual pending sales of 4.7 percent and 4.9 percent, respectively.

It’s actually very common to see a "pending sale" sign pop up after two or more months in a buyer’s market because the days on market are often much longer when there are fewer buyers than sellers. But it’s just as common to see the pending sign come down again. This happened with almost 4 percent of all U.S. home sales in 2016.

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Pending home sales dip to four-year low. Nov 29, 2018 12:45 ET Pending home sales flag in October Existing-home sales heated up in October, but the latest data on contract signings suggests the U.S. housing market will go back into a freeze this winter.. pending home sales fall again.