Tag Archives: pending home sales

Pending Home Sales Dip in June as Mortgage Rates Rise

The National Association of REALTORS recently reported that the seasonally adjusted index for pending home sales was 110.9 in June, down 0.4% from a downwardly revised figure of 111.3 during the month of May — a six-year high. Since last year, home prices and mortgage rates have increased, suggesting that sales are beginning to slow […]

Long Island Home Sales and Prices Show Signs of Strength in March

Multiple Listing Service of Long Island (MLSLI) reported today that, in Suffolk County, 698 residential properties were sold last month, up from 632 in February. Pending home sales, meanwhile, soared from 896 in February to 1,101 in March. Last month’s pending sales were 12.6% higher than they were 12 months ago, when there were 978 […]