Pending Home Sales Rebound, or Not . . .

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On Wednesday, the National Association of Realtors ( NAR ) released its Pending Home Sales Index (PHSI) for October, reporting the first rebound after three consecutive months of reduced activity. The index, based on contract signings, rose 3.5 percent to 109.3 in October from 105.6 in September, making October the highest...
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Keeping Up With Home Sales

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The November RE/MAX National Housing Report recently released, reporting that October home sales increased 2.5 percent year-over-year—keeping 2017 prices ahead of 2016. In terms of inventory, the report found that October’s supply decreased to 3.3 percent, representing the lowest for any October since the housing report began tracking data nine years...
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