FOREX TradingCharts.com

Financial News: U.S. Pending Home Sales Rise Less Than Expected

U.S. Pending Home Sales Rise Less Than Expected In March

04/30/2018 - 10:22:00 (RTTNews)

(RTTNews) - A report released by the National Association of Realtors on Monday showed pending home sales in the U.S. increased by less than expected in the month of March.

NAR said its pending home sales index rose by 0.4 percent to 107.6 in March from a downwardly revised 107.2 in February. Economists had expected pending home sales to climb by 0.9 percent.

A pending home sale is one in which a contract was signed but not yet closed. Normally, it takes four to six weeks to close a contracted sale.

Despite the monthly increase, pending home sales in March were down by 3.0 percent compared to the same month a year ago.

"Healthy economic conditions are creating considerable demand for purchasing a home, but not all buyers are able to sign contracts because of the lack of choices in inventory," said NAR chief economist Lawrence Yun.

"Steady price growth and the swift pace listings are coming off the market are proof that more supply is needed to fully satisfy demand," he added. "What continues to hold back sales is the fact that prospective buyers are increasingly having difficulty finding an affordable home to buy."

The increase in pending home sales came as pending sales in the Midwest and South jumped by 2.4 percent and 2.5 percent, respectively.

On the other hand, pending home sales in the Northeast plunged by 5.6 percent and pending sales in the Midwest fell by 1.1 percent.

NAR said Yun forecasts for existing home sales in 2018 to be around 5.61 million, up from 1.8 percent in 2017.

The national median existing home price is expected to increase around 4.4 percent. In 2017, existing sales increased 1.1 percent and prices rose 5.8 percent.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2018 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Japan Producer Prices On Tap For Monday (01 hr(s), 13 min(s), 05 sec(s) ago)
(RTTNews) - Japan will on Monday release April numbers for producer prices, highlighting a light d ...Full Story»

(UPDATE) BRAZIL: Government, Truck Drivers Reach A Deal, But Strike Continues (10 min(s), 55 sec(s) ago)
(RTTNews) - The Brazilian government has reached an agreement Thursday night with truck drivers to ...Full Story»

BRAZIL: Treasury Announces Extraordinary Debt Auctions For Next Week (55 sec(s) ago)
(RTTNews) - The Brazilian Treasury Department announced three extraordinary debt auctions for next ...Full Story»

BRAZIL: Stocks Fall As Fuel Crisis Continues Even After Government Action (54 min(s), 55 sec(s) ago)
(RTTNews) - Ibovespa, the benchmark stock market index in Brazil, fell 1.52% to 78,897.66 points F ...Full Story»

COLOMBIA: Colcap Falls 0.13% Before Presidential Elections (46 min(s), 55 sec(s) ago)
(RTTNews) - Colcap, the benchmark stock market index in Colombia, fell 0.13%, to 1,526.36 points, ...Full Story»

BRAZIL: President Orders Security Forces To Clear Trucker Road Blockades (36 min(s), 55 sec(s) ago)
(RTTNews) - Brazilian President Michel Temer ordered national security forces to clear all of the ...Full Story»

BRAZIL: Outlook Is Uninspiring And Reforms Are Needed, IMF Says (33 min(s), 55 sec(s) ago)
(RTTNews) - Brazil is still under a mild economic recovery, but the outlook for the future is "uni ...Full Story»

BRAZIL: DI Rates Remain Little Changed With Focus On Truckers Crisis (22 min(s), 55 sec(s) ago)
(RTTNews) - The one-day interbank deposit futures rates (DI rates) in Brazil are unchanged in the ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Japan Producer Prices On Tap For Monday

05/27/2018 - 18:00 PM (RTTNews)
(RTTNews) - Japan will on Monday release April numbers for producer prices, highlighting a light d ...Full Story>>

(UPDATE) BRAZIL: Government, Truck Drivers Reach A Deal, But Strike Continues

05/25/2018 - 20:24 PM (RTTNews)
(RTTNews) - The Brazilian government has reached an agreement Thursday night with truck drivers to ...Full Story>>

BRAZIL: Treasury Announces Extraordinary Debt Auctions For Next Week

05/25/2018 - 20:14 PM (RTTNews)
(RTTNews) - The Brazilian Treasury Department announced three extraordinary debt auctions for next ...Full Story>>

BRAZIL: Stocks Fall As Fuel Crisis Continues Even After Government Action

05/25/2018 - 20:08 PM (RTTNews)
(RTTNews) - Ibovespa, the benchmark stock market index in Brazil, fell 1.52% to 78,897.66 points F ...Full Story>>

COLOMBIA: Colcap Falls 0.13% Before Presidential Elections

05/25/2018 - 20:00 PM (RTTNews)
(RTTNews) - Colcap, the benchmark stock market index in Colombia, fell 0.13%, to 1,526.36 points, ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.