Arab Today, arab today us pending home sales slide slightly in october
Last Updated : GMT 14:25:50
Arab Today, arab today
Arab Today, arab today

US pending home sales slide slightly in October

Arab Today, arab today

Arab Today, arab today US pending home sales slide slightly in October

Washington - UPI

The US Pending Home Sales Index slipped for the fifth consecutive month in October, the National Association of Realtors said Monday. The trade group's Pending Home Sales Index slipped slightly, dropping 0.6 percent in the month to 102.1 after the the group revised September reading slightly higher to to 102.7. The index is 1.6 percent lower than the October 2012 reading of 103.8. The index has moved steadily away from May's six-year peak when the housing market was frequently cited as a solid contributor to the economic recovery. NAR Chief Economist Lawrence Yun in a statement said the government shutdown in October derailed some deals. The partial government shutdown "sidelined some potential buyers," he said. "In a survey, 17 percent of Realtors reported delays in October, mostly from waiting for IRS income verification for mortgage approval," Yun said. He also said the downward trend may level out soon. "We could rebound a bit from this level. ... Job creation and a slight dialing down from current stringent mortgage underwriting standards going into 2014 can help offset the headwind factors," Yun said. The Pending Home Sales Index, which reflects sales activity one and two months down the road, is a comparison to the monthly average for 2001, its first year, which was assigned a value of 100. The NAR said the Pending Home Sales Index for the Northeast rose 2.8 percent to 86.8. The index in the Midwest rose 1.2 percent to 104.1. Those gains were offset by declines in other regions, NAR said. In the West, the index dropped 4.1 percent to 93.3 while in the South it fell 0.8 percent to 114.5.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us pending home sales slide slightly in october Arab Today, arab today us pending home sales slide slightly in october

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us pending home sales slide slightly in october Arab Today, arab today us pending home sales slide slightly in october

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
View News in Arabic - Business: عقارات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday