Pending home sales hit two-year high: NAR

Morning Minute: U.S. pending home sales hit nine-year high, nar reports homebuyer demand is growing stronger as evidenced by the latest Pending Home Sales Index, which in April climbed to its highest level since May 2006, according to the National Association of REALTORS® (NAR).

Pending Home Sales Hit Nine-Year High U.S. pending home sales hit 2-1/2 year high in November – Reuters – Contracts to buy previously owned U.S. homes rose in November to their highest level in 2-1/2 years, an industry group said on Friday, further evidence of a strengthening housing market recovery.

 · US pending home sales hit 9-year high A forward-looking gauge of US home purchases rose for the fourth straight month in April and reached their highest level in nine years — the latest evidence.

US pending home sales hit 2-1/2 year high in November. Contracts to buy previously owned US homes rose in November to their highest level in 2-1/2 years, an industry group said on Friday, further.

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The Economy May 27, 2016 Pending Home Sales Hit 10-Year High in April There are now more homes under contract than at any time since February 2006, says the NAR.

Home sales nationwide rose this summer to 2007 levels, according to one measurement. From the Associated Press at latimes.com: Pending U.S. home sales rose more than expected in July to the highest level in more than two years as first-time buyers rushed to take advantage of a tax credit that expires this fall.

The industry is in dire need of appraisers Let there be no doubt, however, that while we believe the current system should be scrutinized, we also believe that the system is in dire need of modernization. It also is important to note that the Appraisal Institute’s only interest in this process is knowing that we are protecting and strengthening the appraisal profession.

 · According to the National Association of Realtors, the number of pending home sales in March hit a high that hasn’t been see since May 2015. Its Pending Home Sales Index sat at 110.5 last month, up from 109.0 in February (an index of 100 indicates an average level of contract activity).

 · The Northeast was the only region to post a gain in pending home sales in August, rising 1.3% to 98.1 and up 5.9% year over year. The Midwest dipped 0.9% to 104.7 in.

Pending home sales rose to their highest level in 21 months in January, according to the National Association of Realtors, as agents signed more contracts for existing homes.. The seasonally.