Archive for August, 2013


US NAR: Mortgage Contract Activity Fell In July As Rates Rose

By Ian McKendry WASHINGTON (MNI) – Contracts signed in the United States to purchase a home but not yet closed slowed in July, as higher mortgage rates and rising home prices weighed on housing market activity. The National Association of Realtors said Wednesday that the Pending Home Sales index fell 1.3% to a level of […]

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Millenials: A New Generation Of Homeowners

Earlier in this summer, Sulman Quraishi discussed how Millennials see home-ownership as a good investment, according to the National Association of Realtors inaugural Home Buyer and Seller Generational Trends report. Millennials are people born between the years 1980 and 2000. They are the next big demographic of home buyers emerging in real estate. In addition, […]

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Sector Watch: Homebuilding and Construction, Gurus Active on 52-Week Lows

According to Reuters, the Pending Home Sales Index for July decreased 1.3% as higher mortgage interest rates slowed the market. The National Association of Realtors cited that while pending home sales declined 1.3% for the month of July, sales were 6.7% higher than last year’s levels. While the media presents relative ways to measure a […]

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NAR: Pending Home Sales Decline as Interest Rates Rise

(Source: NAR) – Pending home sales were down in July, with higher mortgage interest rates slowing the market, according to the National Association of Realtors®. The Pending Home Sales Index,* a forward-looking indicator based on contract signings, declined 1.3 percent to 109.5 in July from 110.9 in June, but is 6.7 percent above July 2012 […]

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July Pending Home Sales Slip

WASHINGTON, DC–(Marketwired – Aug 28, 2013) –  Pending home sales were down in July, with higher mortgage interest rates slowing the market, according to the National Association of Realtors®. The Pending Home Sales Index,* a forward-looking indicator based on contract signings, declined 1.3 percent to 109.5 in July from 110.9 in June, but is 6.7 […]

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NAR: Apartment Rents Will Rise As Vacancy Rates Decrease

As mortgage interest rates continue to rise and banks tighten their lending standards, many potential first-time home buyers are finding themselves priced out of the market. This, in turn, is pushing many young people into multifamily housing, where vacancy rates have been tightening for the past several years, due to economic conditions. Developers have so […]

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Concern Is Growing in the Housing Market As Pending Home Sales Fall in July

The housing recovery is continuing, but it’s starting to lose steam. The National Association of Realtors said today that pending home sales fell last month by 1.3% in July compared to June. The industry group’s index is an important leading indicator for the market because it measures contract signings, the final stage before a purchase […]

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National Association of Realtors President Gary Thomas Issues Statement on …

For further information contact: Jenny Werwa202-383-1193Email Contact

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Contracts to Purchase Homes Dropped Slightly in July

WASHINGTON — Fewer people signed contracts to buy American homes in July, but the level stayed close to a six-and-a-half-year high. The modest decline suggests that higher mortgage rates have yet to slow sales sharply. The National Association of Realtors said its seasonally adjusted index for pending home sales declined 1.3 percent, to 109.5 in […]

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NAR: Pending Home Sales Squeezed by High Prices, Mortgage Rates

By Justin Loiseau More Articles August 28, 2013 Comments (0) The Pending Home Sales Index dropped 1.3% to 109.5 for July, according to a National Association of Realtors (NAR) report released today.  After dropping 0.4% in June following May’s six-year high, analysts had expected a slightly smaller 1% dip. Compared to July 2012, pending home […]

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