US Pending Home Sales Barely Bounce Off Record Lows Despite Tumbling Rates In Feb

US Pending Home Sales Barely Bounce Off Record Lows Despite Tumbling Rates In Feb

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NAR reports slight drop in pending homes sales from February 2025

However, activity rose 1.8% from January, suggesting that closings could pick up in the next 30-60 days WASHINGTON –  The National Association of Realtors reported this week that pending home sales declined .8% from February 2025, while increasing 1.8% from January. Pending home sales reflect the level of homes under contract, offering an indication of what type of actual activity to expect in the following 30  to 60 days that a closing typicall…

US Pending Home Sales Rise 1.8% MoM In February, But The South Saw 2.7% MoM Increase (What I Like About The South)

What I like about the South. US pending home sales bounced modestly in February (up 1.8% MoM vs -0.6% MoM exp and -10.% MoM prior). Year-over-year home sales continue to decline (down 0.6% YoY). Source: Bloomberg Pending home sales in the South, the biggest home-selling region in the country, increased 2.7%. They rose 4.6% in the Midwest and edged up in the West.

Pending home sales lag 2025 despite February uptick

Pending home sales picked up slightly in February as affordability improved, but they remain below 2025 levels, according to data released Tuesday by the National Association of Realtors (NAR).  The trade group’s Pending Home Sales Index rose 1.8% from January to a reading of 72.1 in February. This is 0.8% below the index’s February 2025 reading.  An index reading of 100 is equal to the level of contract activity in 2001. “The slight gain in pen…

US pending home sales unexpectedly rebound in February on lower mortgage rates

The pending home sales index rebounded 1.8% last month to 72.1