US pending home sales fell 1.5% in April

US pending home sales fell 1.5% in April Photo Credit: AP Photo/David Zalubowski, File FILE- In this March 28, 2018, file photo an under contract sign is shown outside a single-family home on the.

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. of Realtors said Thursday that its pending home sales index fell 1.5% to a reading of 104.3. Pending sales declined 2% over the past year. Pending home sales were down 1.1% in April from a year.

The National Association of Realtors said Thursday that its pending home sales index fell 1.5% to a reading of 104.3. Pending sales declined 2% over the past year. Sales have been hampered even.

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The National Association of Realtors said Thursday that its pending home sales index fell 1.5% to a reading of 104.3. Pending sales declined 2% over the past year. Sales have been hampered even.

WASHINGTON (AP) – Fewer Americans signed contracts on homes in April compared with the prior month, potentially signaling that rising prices have outweighed recent declines in mortgage rates.

Pending home sales are based on contract signings, and existing home sales are based on the execution of the contract (contract closing). The nar reported: pending home sales index declined 1.5 %.

The National Association of Realtors said Thursday that its pending home sales index fell 1.5% to a reading of 104.3. Pending sales declined 2% over the past year. Sales have been hampered even.

There were 1,869 pending Suffolk home sales in April, up a whopping 13.5 percent from the 1,646 pending sales recorded in April 2018. In Nassau, there were 1,345 homes contracted for sale last.

That average is down from nearly 5% in November, though cheaper home loans have done little to boost real estate purchases. home prices have risen faster than incomes in 78% of U.S. areas since 2012.

Pending home sales down 2% annually, a sign that years of rising prices have hurt affordability despite recent declines in mortgage rates.. US pending home sales fell 1.5% in April.

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The National Association of Realtors said Thursday that its pending home sales index fell 1.5% to a reading of 104.3. Pending sales declined 2% over the past year. Sales have been hampered even with average 30-year mortgage rates slipping below 4% this week, according to mortgage buyer Freddie Mac. That average is down from nearly 5% in November, though cheaper home loans have done little to boost real estate purchases.