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Pending home sales declined to four-year low in October

San Francisco County was the anomaly with pending sales rising 15.1 percent from a year ago. pending home sales were down 7.3 percent from October 2016 in Southern California. Los Angeles and orange counties registered lower annual pending sales of 4.7 percent and 4.9 percent, respectively.

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New residential home sales dropped 8.9 percent in October, falling to a new two-year low, according to a new residential sales. the overall health of the housing economy. If tomorrow’s pending home.

thanks to a lack of homes for sale, higher prices and rising interest rates. The National Association of Realtors said Wednesday that its index of pending sales fell to 104.6, its lowest reading since.

Buyers return to Toronto’s housing market Real estate agent Elli Davis of Royal LePage Real Estate Services Ltd. is seeing a surge in properties for sale in Toronto in May. Estate Ltd., sees a quickening pace on the buyers’ side of the.

The 30-year fixed mortgage rate has declined to a four-month low, with much of the drop occurring in the second half of December. Plus, adding another glimmer of hope, U.S. home price increases are slowing. In fact, the median existing house price increased 2.9% from a year ago to $253,600 in December.

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Pending home sales have declined in six of the last eight months, signaling more trouble for the housing sector. The monthly reading for October remained unrevised at 0.6% decline from the.

 · Pending-home sales slide to a 4-month low as supply dries up. Prospective buyers look over a home for sale in San Diego, California.. U.S. pending home sales declined 0.5% to a.

Low inventory and rising home prices propelled the latest decline, pulling the Pending Homes Sales. Damage from Hurricane Florence is expected to push September and October pending home sales down.

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U.S. Pending Home Sales Unexpectedly Plunge To Four-Year Low In October November 30, 2018 Pending home sales in the U.S. unexpectedly showed a substantial decrease in the month of October, according to a report released by the National Association of Realtors on Thursday.

 · Allentown, PA saw the largest decline in sales since last year, falling 13.3%. Home sales in Grand Rapids, MI and Rochester, NY declined by 13.1% and 11.0%, respectively. Inventory. San Jose, CA had the largest decrease in overall inventory, falling 50.2% since last November.

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Near-record low inventory has hampered home sales. Compared to one year ago, pending sales were down 3.8 percent to the lowest level since October 2014. Last month, contracts in all four major.