RealtyTrac recently reported that short sales outpaced foreclosure sales in 2012 by a 3-to-1 margin. While foreclosure sales accounted for 11% of all sales — a 13% drop from 2011 — short sales made up 32% of all sales last year, a 5% year-over-year gain. In the fourth quarter of 2012, foreclosures sold at a […]
The National Association of REALTORS announced today that, despite a drop in the pending home sales last month, the number of home sales under contract have improved year over year. The Pending Home Sales Index (PHSI) was 101.7 in December 2012, which is 4.3% lower than what it was in November 2012, according to the […]
The National Association of Realtors reported on April 5 that the Pending Home Sales Index — a leading indicator of the housing sector based on pending sales of existing homes — rose 8.2% to 97.6. That’s up from January’s figure of 90.2, and up 17.3% from the figure of 83.2 from February 2009. The Pending […]