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"Since reaching a cyclical bottom last June, pending home sales have posted an overall gain of 24 percent and demonstrate the market is recovering on its own," he said. "The index means modest.
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Most agents won’t label a home "pending" until this time, when the sale is close to a done deal. In this case, the sale is pending the final closing. Can a buyer walk away after removing all contingencies? Absolutely, but it’s less likely. From time to time, a buyer has an emergency and needs to exit the contract.
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Pending Home Sales Fall, But Still Holding Most of 2019’s Gains April’s pending home sales had been expected to build on the gains posted in two of the three previous months, but they retreated instead.
PHS typically leads Existing Home Sales (90% of the housing market) by about two months. PHS sales fell (-3.35%) year over year and has been flat to down over the last two years. This month marked the lowest year over year growth in the past two years for PHS.
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Pending Home Sales Fall, But Still Holding Most of 2019’s Gains Thursday, May 30, 2019 April’s pending home sales had been expected to build on the gains posted in two of the three previous months, but they retreated instead.
When and Why Pending Home Sales Go Bad. But the pending sale will fall apart if the parties can’t agree to work out one of these solutions. Always ask a real estate agent to provide you with comparable sales before you write a purchase contract. This will allow you to keep your offer in line.
It wasn’t much of a gain, even missing analysts’ predictions, but given the recent performance of the Pending Home Sales. holding pattern and a growing share of would-be buyers – especially.
Exchange-traded funds that track the home-building sector fell on Wednesday, after the latest read on home sales came in sharply below analyst forecasts. pending-home sales fell 4.7% to 104.6 in.