{"id":16106,"date":"2019-09-27T13:30:35","date_gmt":"2019-09-27T13:30:35","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=16106"},"modified":"2019-09-27T13:30:36","modified_gmt":"2019-09-27T13:30:36","slug":"rising-number-of-contract-signings","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/rising-number-of-contract-signings\/","title":{"rendered":"Rising Number of Contract Signings"},"content":{"rendered":"

Rising Number of Contract Signings<\/h1>\n
\"Rising<\/a>

Rising Number of Contract Signings<\/p><\/div>\n

All four major regions of the U.S. posted growth in sales contract activity last month, led by the West, the National Association of REALTORS\u00ae reported Thursday. NAR\u2019s Pending Home Sales Index\u2014a forward-looking indicator based on contract signings\u2014rose 1.6% last month, erasing last month\u2019s decrease. Contract signings are now up 2.5% year over year, NAR reports.<\/p>\n

\u201cIt is very encouraging that buyers are responding to exceptionally low interest rates,\u201d says Lawrence Yun, NAR\u2019s chief economist. \u201cThe notable sales slump in the West region over recent years appears to be over. Rising demand will re-accelerate home price appreciation in the absence of more supply.\u201d<\/p>\n

Western regions including California and Arizona saw a 3.1% uptick in pending home sales in August, an increase of 8% from a year ago. The South posted a 1.4% month-over-month increase in contract signings, followed by a 1.4% increase in the Northeast and a 0.6% gain in the Midwest.<\/p>\n

\u201cWith interest rates expected to remain low, home sales are forecasted to rise in the coming months and into 2020,\u201d Yun says. \u201cUnfortunately, so far in 2019, new-home construction is down 2%. The hope is that housing starts quickly move into higher gear to meet the higher demand. Moreover, broader economic growth will strengthen from increased housing activity.\u201d<\/p>\n

NAR is forecasting existing-home sales to increase 0.6% in 2019 and by another 3.4% in 2020.<\/p>\n

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Source:<\/div>\n
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National Association of REALTORS\u00ae<\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Rising Number of Contract Signings All four major regions of the U.S. posted growth in sales contract activity last month, led by the West, the National Association of REALTORS\u00ae reported Thursday. NAR\u2019s Pending Home Sales Index\u2014a forward-looking indicator based on contract signings\u2014rose 1.6% last month, erasing last month\u2019s decrease. Contract signings are now up 2.5% … <\/p>\n

Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,8],"tags":[5,32,4,9],"class_list":["post-16106","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","tag-anthony-didonato","tag-news","tag-real-estate","tag-tips","item-wrap"],"yoast_head":"\nRising Number of Contract Signings - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania<\/title>\n<meta name=\"description\" content=\"Rising Number of Contract Signings\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.anthonydidonato.net\/wordpress\/rising-number-of-contract-signings\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/rising-number-of-contract-signings\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/rising-number-of-contract-signings\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"Rising Number of Contract Signings\",\"datePublished\":\"2019-09-27T13:30:35+00:00\",\"dateModified\":\"2019-09-27T13:30:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/rising-number-of-contract-signings\\\/\"},\"wordCount\":244,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"image\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/rising-number-of-contract-signings\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2019\\\/09\\\/09272019.jpg\",\"keywords\":[\"Anthony DiDonato\",\"News\",\"Real Estate\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/rising-number-of-contract-signings\\\/\",\"url\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/rising-number-of-contract-signings\\\/\",\"name\":\"Rising Number of Contract Signings - 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