Pending home sales slide as buyers grow more cautious
The numbers: Falling sales The number of home buyers who signed a contract to purchase a home in November declined, as high home prices give buyers pause.
The pending home-sales index gauges real-estate transactions where a contract was signed for a previously-owned home, but the sale has yet to close, and it is benchmarked to contract-signing activity in 2001. The index provides insight into the direction of existing-home sales data will take in the months to come, which is based on closed transactions.
The big picture Buyers might be getting cold feet, according to National Association of Realtors chief economist Lawrence Yun. “There was less pending home sales action this time around, which I would ascribe to low housing supply, but also to buyers being hesitant about home prices,” he said.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
WHO: global COVID cases up 11% last week, omicron risk highThe World Health Organization says the number of COVID-19 cases recorded worldwide increased by 11% last week compared with the previous week, with the biggest increase in the Americas. The U.N. health agency said in its weekly epidemiological report released late Tuesday that there were nearly 4.99 million newly reported cases around the world from Dec. 20-26. Europe accounted for more than half the total, with 2.84 million, though that amounted to only a 3% increase over the previous week.
Read more »
U.S. coronavirus cases hit record highThe average number of daily COVID-19 cases in the United States has hit a record high of 258,312 over the past seven days, according to a Reuters tally.
Read more »
9 High-Protein Meal Ideas To Build Muscle & Feel Stronger — Eat This Not ThatRefer to this list of lean, high-protein meals when you need a protein boost! From breakfasts to dinners, here are our favorite recipes.
Read more »
N.J. man indicted in crash that killed high school seniorThe victim, Daniel A. Diaz, was scheduled to graduate from school in the spring of 2021.
Read more »
GBP/USD rallies to a fresh-monthly high, approaches 1.3500The British pound rallies trading the New York session, trading at 1.3452 at press time. Investors’ mood is mixed, as depicted by Europan stock indice
Read more »
WHO: Global COVID cases up 11% last week, omicron risk highWHO said that new cases in the Americas were up 39% to nearly 1.48 million.
Read more »