According to the National Association of Sellers, Pending Home buildings are expected to decline in September 2021 compared to the previous month. In all four U.S. states, contract performance declined both monthly and annually, and deteriorated in the East.
The shrunk Real Estate Phase Index (PHSI) fell 2.3% year-on-year. September 116.7. The number of signatures decreased by 8.0% per year. The description of the hundred is similar to the structure of the 2001 contract work.
“The sales contract contracted slightly in September and shows signs of falling Pending Home house prices as the market moves ahead of the crisis,” said Lawrence Yun, CEO of NAR Economics. “We also need to do less research by the end of the year compared to the summer months and if needed every year.
“Many properties have stopped looking for Pending Home housing, hoping to continue it in 2022.”
Although housing is scarce, Yun hopes to be able to change the budget by 2022.
“Wages have risen sharply recently, as have lower wages,” Yun said. “This could lead to more employers looking for housing to avoid rising inflation, so productivity growth is welcome.”
Realtor.com’s hottest housing market data showed 40 meters since October, the highest on the subway last year. 21, Orlando-Kissimmee-Sanford, Fla .; Jacksonville, Fla .; Tampa-St. Petersburg-Clearwater, Fla .; Nashville-Davidson-Murfreesboro-Franklin, Tenn; and Denver-Aurora-Lakewood, Neck.
By the end of the year, NAR expects to increase home sales by 6.4% by 2021, and thanks to better debt management, sales of NAR projects will fall to 1.7 percent by 2022. Yun said housing prices will rise by only 2.8 percent by 2022 if they double price until 2021 14.7%.
September Pending Home Sales Regional Breakdown
The monthly Northeast PHSI fell 3.2% to 93.1 in September, down 18.5% from a year earlier. In the Midwest, the index fell 3.5% last month to 111.4 points, down 5.8% from September 2020.
Southern real estate sales fell 1.8% in September to a record 139.1, down 5.8% from September 2020. Western real estate prices fell 1.4% in September to 105.3 percent, down 7.2% from last year.