Pending Home Sales Paint Problematic Housing Picture

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We expect that this will be the high-water mark for sales in this cycle.” There’s widespread agreement among housing-watchers that the biggest problem. Read: Pending-home sales slide to a 4-month.

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The pending and existing-home sales data continues to paint a different picture of the housing market, compared to the recent strength we have seen in new home sales and purchase application data..

6 Reasons Why Pending Home Sales Fall Through! The pending home sales. housing market has been slow to emerge from a lull induced last year as rising interest rates, tight lending standards and higher home prices combined to make it difficult.

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Mortgage rates receded to the lowest level in 16 months, setting the stage for a strong recovery in housing data if post-recession correlations hold. Forward-looking metrics paint an optimistic.

But the volume of sales via relistings spikes in moments of housing market stress: For much of 2017 and 2018 the share of homes sold as part of a relisting. they are responding to something that’s.

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Looking past the usual National Association of Realtors’ spin, pending home sales actually fell during June, relative to year-ago levels; the group’s widely-watched home sales index fell to 89.0.

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