Contracts to buy previously owned homes in the US jumped 20.2 percent year over year in October, following a 20.8 percent rise in September as mortgage rates and the inventory of homes for sale remain at historic lows. At the same time, pending home sales went down 1.1 percent compared to the previous month, defying forecasts of a 1 percent gain, and marking the second straight month of declines as demand slowed due to high asking prices and low availability. Contract activity was mixed among four major US regions, with the only positive month-over-month growth happening in the South, although each region achieved year-over-year gains in pending home sales transactions. source: National Association of Realtors
Pending Home Sales in the United States averaged 0.97 percent from 2002 until 2020, reaching an all time high of 30.90 percent in October of 2009 and a record low of -33.80 percent in April of 2020. This page provides the latest reported value for - United States Pending Home Sales - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Pending Home Sales - data, historical chart, forecasts and calendar of releases - was last updated on December of 2020.
Pending Home Sales in the United States is expected to be 2.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Pending Home Sales in the United States to stand at 4.00 in 12 months time. In the long-term, the United States Pending Home Sales is projected to trend around 1.70 percent in 2021, according to our econometric models.