{"id":6834,"date":"2021-12-30T19:10:14","date_gmt":"2021-12-31T03:10:14","guid":{"rendered":"https:\/\/essential.construction\/news\/united-states-november-pending-home-sales-index-report\/"},"modified":"2021-12-30T19:10:14","modified_gmt":"2021-12-31T03:10:14","slug":"united-states-november-pending-home-sales-index-report","status":"publish","type":"post","link":"https:\/\/essential.construction\/news\/united-states-november-pending-home-sales-index-report\/","title":{"rendered":"United States November Pending Home sales Index Report"},"content":{"rendered":"

This item was originally posted here: Read More<\/a><\/p>\n

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United States Of America \u2013 The Pending Home Sales Index, a leading indicator of housing activity, tracks signed real estate contracts for existing single-family homes, condominiums, and cooperatives.<\/p>\n

When a seller accepts a sales contract on a property, it is recorded as a \u201cpending home sale\u201d in a Multiple Listing Service (MLS).<\/p>\n

The majority of pending home sales conclude within one to two months. The National Association of Rea<\/a>ltors gathers data on pending home sales from multiple listing services and large brokers.<\/p>\n

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Related News<\/p>\n<\/div>\n

Together, data from over 100 multiple listing services (MLSs) and 60 large brokers provide a large sample size covering 50% of the existing home sales sample. This represents 20% of all transactions.<\/p>\n

December 29th Release Report \u2013 Unites States November Pending Homes Sales Year Over Year<\/h3>\n
The National Association of Realtors<\/div>\n

When compared to the same month the previous year, pending home sales in the United States declined by 2.70 percent in November of the following year.<\/p>\n

It comes on the heels of a 1.4 percent decline in the previous month and is the sixth consecutive month of declining pending home sales.<\/p>\n

December 29th Release Report \u2013 Unites States November Pending Homes Sales Month Over Month<\/h3>\n
The National Association of Realtors<\/div>\n

Pre-owned home contracts in the United States fell 2.2 percent in November 2021, compared to market expectations of a 0.5 percent increase, and this followed a 7.5 percent increase in October, owing to a lack of available inventory and high home prices in the country.<\/p>\n

Contract transactions fell in each of the four major regions, according to the data.
The number of pending home sales decreased by 2.7 percent year on year.<\/p>\n

\u201cThere was less pending home sales action this time around, which I would ascribe to low housing supply, but also to buyers being hesitant about home prices. While I expect neither a price reduction, nor another year of record-pace price gains, the market will see more inventory in 2022 and that will help some consumers with affordability\u201d according to Lawrence Yun, the National Association of Realtors\u2019<\/a> chief economist<\/p>\n<\/div>\n

Source The National Association of Realtors<\/a><\/p>","protected":false},"excerpt":{"rendered":"

This item was originally posted here: Read More United States Of America \u2013 The Pending Home Sales Index, a leading … Read more<\/a><\/p>\n","protected":false},"author":0,"featured_media":6835,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1066,1063],"tags":[],"class_list":["post-6834","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-posts","category-bylt","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts\/6834","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/comments?post=6834"}],"version-history":[{"count":0,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts\/6834\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/media\/6835"}],"wp:attachment":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/media?parent=6834"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/categories?post=6834"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/tags?post=6834"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}