Pending home sales in the U.S. increased by 1.6% in February compared to the previous month, reaching a seasonally adjusted annual rate of 4.38 million. The Midwest and South saw gains in transactions, while the Northeast and West experienced losses. Lawrence Yun, NAR Chief Economist, noted the slow but steady progress in sales growth, attributing it to job gains and increased inventory. Despite the rise in mortgage rates, existing-home inventory also increased, impacting sales. Year-over-year, pending home sales were down by 7% in all U.S. regions.
In February 2024, pending home sales rose 1.6% month-over-month. #NARPHS https://t.co/NZyQKYR51N https://t.co/CtA0s8Rv8K
Pending home sales inch up in February. Realtors are worried about U.S. home prices rising faster than incomes. https://t.co/lENALtBToP
Pending home sales pick up in February as buyers gear up for spring https://t.co/mIzhIZu4tY by @__gabriellacruz
Fueled by positive job growth and an increase in available housing, the National Association of Realtors' Pending Home Sales Index rose 1.6 percent in February, according to data released Thursday. https://t.co/VHiJYnSJed
High Mortgage Rates in February Slow New Home Sales in America https://t.co/mhtlA5FRu5
U.S. pending home sales increase moderately, NAR says https://t.co/KpfULXbg5b https://t.co/8cGapixgyo
U.S. pending home sales inch higher as Realtors fret over incomes and prices https://t.co/XmSxtvIHXm
February pending home sales +1.6% month/month vs. +1.5% est. & -4.7% prior https://t.co/UDKqf1crM6
Pending home sales increased 1.6% in February, slightly more than the expected 1.5%. Pending home sales are still down 7 percent compared to one year ago. Even though mortgage rates increased in February, so too did existing-home inventory. You can only buy what's for sale!… https://t.co/3NQtOBRpcG
Pending home sales increased 1.6% in February, slightly more than the expected 1.4%. Pending home sales are still down 7 percent compared to one year ago. Even though mortgage rates increased in February, so too did existing-home inventory. You can only buy what's for sale!… https://t.co/GyX44H1wY5
Pending sales of previously-owned homes in the US recovered last month after declining at the start of the year, adding to evidence that the housing market is gradually improving. https://t.co/WFDznEtSyU
🇺🇸 ‘Lagging’ housing market, high interest rates drag on MillerKnoll’s sales https://t.co/r2FStCfJmH
The February reading of Pending Home Sales is +1.6% month on month. This was expected to be +1.5%.
Pending Home Sales Hover Near Record Lows In February https://t.co/4JiM8skQge
Pending home sales in February grew 1.6%. The Midwest and South posted monthly gains in transactions while the Northeast and West recorded losses. https://t.co/lUQEZiL97u
Compared to one year ago, pending home sales declined in all U.S. regions. #NARPHS
NAR: Pending Home Sales Increase 1.6% in February; Down 7.0% Year-over-year https://t.co/2I7gArTXVv
“While modest sales growth might not stir excitement, it shows slow and steady progress from the lows of late last year,” said NAR Chief Economist Lawrence Yun. “Ongoing job gains are clearly increasing demand along with more inventory.” #NARPHS
The Pending Home Sales Index (PHSI) increased to 75.6 in February. Year over year, pending transactions were down 7.0%. #NARPHS
⚠️ U.S. PENDING HOME SALES INCREASE MODERATELY, NAR SAYS Full Story → https://t.co/0DPFrcRvQc Pending home sales in the U.S. rose 1.6% in February, spurred by modest inventory increases and job gains, a report on Thursday said.
Pending home sales in February grew 1.6%, according to the National Association of Realtors®. The Midwest and South posted monthly gains in transactions while the Northeast and West recorded losses. #NARPHS https://t.co/x17Pa1jseN
‘Lagging’ housing market, high interest rates drag on MillerKnoll’s sales https://t.co/xodEjPzr2v
California Home Sales Uptick in February https://t.co/RuhjkyEXuT
Home sales rose in February. What does it mean for soon-to-be homebuyers this spring? 🌷 https://t.co/cr08rvW3a6
NAR released a summary of existing-home sales data showing that housing market activity this February increased 9.5% from January 2024. February's existing-home sales reached a 4.38 million seasonally adjusted annual rate. #NAREHS https://t.co/iXVUtgpUJv