57.9 F
Fort Worth
Friday, November 27, 2020
Real Estate Pending home sales cool in September, down 2.2%

Pending home sales cool in September, down 2.2%

Other News

JRB Fort Worth chosen for main operating base for C-130J aircraft

Naval Air Station Joint Reserve Base Fort Worth has been selected as a main operating base for eight C-130J aircraft at the 136th Airlift...

Commentary: When to donate rewards to charity and when to give cash

By ERIN HURD of NerdWalletIf you're looking to give to charity this holiday season but don't want to dip into your bank account, donating...

Texas again sets record for new coronavirus infections as testing also sees sustained highs

Texas health officials reported more than 14,000 new coronavirus infections Wednesday in what appeared to be an all-time high for daily cases. The record comes...

Commentary: Area mayors say ‘Spread cheer this holiday season, not COVID-19’

Mayors of several cities in Tarrant County released the following message: As we enter the holiday season, it’s becoming all too apparent that this year...


CHARLOTTE, N.C. (AP) — The pending sales of existing homes fell 2.2% in September, the National Association of Realtors said Thursday, the first monthly contraction of that figure in four months.

The report is the latest indicator that showed the housing market cooled in September after being strong throughout the summer. Sales of existing homes fell in September as well, NAR reported earlier this month, and the Commerce Department said sales of newly constructed homes fell in September, too.


Despite the modest decline, contract signings are still up 20.5% from a year earlier, the industry trade group said.

Three out of the four regions tracked by NAR saw monthly declines. Only the Northeast reported a month-over-month gain.

Three of four regional indices recorded decreases in contract activity on a month-over-month basis in September.

The Northeast PHSI grew 2.0% to 119.4 in September, a 27.7% increase from a year ago. In the Midwest, the index slid 3.2% to 120.5 last month, up 18.5% from September 2019.

Pending home sales in the South decreased 3.0% to an index of 150.1 in September, up 19.6% from September 2019. The index in the West fell 2.6% in September to 116.8, up 19.3% from a year ago.

Realtor.com®‘s Housing Market Recovery Index, which reveals metro areas where the market has recovered or even exceeded its previous January levels, showed the greatest recoveries as of October 10 were in Seattle-Tacoma-Bellevue, Wash.; Boston-Cambridge-Newton, Mass.-N.H.; Los Angeles-Long Beach-Anaheim, Calif.; Las Vegas-Henderson-Paradise, Nev.; and San Jose-Sunnyvale-Santa Clara, Calif.

close

Oh hi there 👋
It’s nice to meet you.

Sign up to receive awesome content in your inbox.

We don’t spam! Read our privacy policy for more info.

Latest News

Robert Francis: Thanksgiving 1954

If, god forbid, my home ever catches on fire, I would make sure my family was safe, then the pets (my wife might say...

Jacobs Engineering: Fiscal 4Q Earnings Snapshot

DALLAS (AP) _ Jacobs Engineering Group Inc. (J) on Tuesday reported fiscal fourth-quarter net income of $82 million.On a per-share basis, the Dallas-based company...

Commentary: Empower future doctors by keeping medical education affordable

Is going to medical school still a good investment? As the cost of medical education rises, some would-be future doctors are no doubt beginning...

Literacy Accord of the city, the Fort Worth ISD and Read Fort Worth formalized

Read Fort Worth, Fort Worth ISD and the City of Fort Worth have reaffirmed their commitment to assuring that FWISD PK-3rd grade students continue...

Bass Hall announces plans for reopening in 2021

There are plans for the reopening of Bass Hall. Performing Arts Fort Worth, the nonprofit owner and operator of Bass Performance Hall, announced a phased...