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Pending sales in the South jumped 12% in December, rising 1.5% from the previous year. Meanwhile, the West recorded a 14% uptick in pending transactions, up 1.5% from December 2022.
After dipping in January, the index for pending home sales rose 1.6% in February, according to data from the National Association of Realtors (NAR) released Thursday. The reading of 75.6 was the ...
Pending sales activity in the South increased 7% and was down just 1.5% from the previous year. Meanwhile, contract signings in the Midwest fell 4.3% in March but remained just 1% above 2023 levels.
US pending home sales fell nearly 5% in January as both elevated mortgage rates and home prices continued to challenge homebuyer demand, the NAR found.
A broker's price opinion (BPO) is a report that is performed by a licensed real estate agent, broker. or appraiser. A BPO is an informal appraisal. It is similar to doing a CMA (Comparative Market Analysis) but most times the real estate professional gets paid to do a BPO. A BPO can be either an exterior drive-by or a full interior report.
Pending sales slid 8.1% in the Northeast, 10.7% in the Midwest, and 8.0% in the West. ... The pending sales report is the latest datapoint this week to highlight how a dearth of for-sale ...
Similarly, a decrease in average sales per day could indicate the need for more sales staff or better utilization. Some companies may attempt to focus in more on the collection aspect of DSO equation by calculating days delinquent sales outstanding (DDSO). This is simply (delinquent accounts receivable) / (average sales per day) .
The average number of points reduced when you are 30 days late on your mortgage payment is 40 – 110 points, 90 days late is 70 – 135 points, and a finalized foreclosure, short sale or deed-in-lieu is 85 – 160 points.