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What You Should Know About Pending Home Sales This Month

October 29, 2013 by Robby Oakes Leave a Comment

Pending home sales fell in September by -5.60 percent, and were 1.20 percent lower year-over-year. This is the first time in more than two years that pending home sales have fallen below year-earlier readings. September’s reading was below August’s reading of -1.60 percent.

The National Association of REALTORS®, which released the report, expects lower home sales for the fourth quarter of 2013 and flat sales into 2014. NAR provided good news in its forecast of 10 percent growth in existing home sales in 2013 as compared to 2012.

Filed Under: Housing Analysis Tagged With: Housing Analysis,Pending Home Sales,Housing Market,Mortgage Rates

Robby Oakes


Robby Oakes

CIMG Managing  Director
NMLS# 91606

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