Category Archives for "Housing Market Update"

Mar 29

Sales Contracts Hit Highest Level in Months

Buyers , First Time Buyers , Housing Market Update , Move up Buyers , Sellers

The National Association of Realtors (NAR) just announced that the February Pending Home Sales Index reached its highest reading since July 2015. What is the Pending Home Sales Index (PHSI)? NAR’s PHSI is “a forward-looking indicator based on contract signings”. The higher the Pending Home Sales Index number, the more contracts have been signed by […]

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Mar 03

Housing Inventory Disappearing

Housing Market Update , Sellers

The price of any item is determined by the supply of that item, and the market demand. TheNational Association of Realtors (NAR) recently released their latest Existing Home Sales Reportwhich gives insight into today’s market conditions. Inventory Levels & Demand Sales of existing homes rose 5.1% month-over-month in March and are 1.5% higher than this […]

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