Realtor, Tennis Player, Titans & Vols Fan, Nashvillian… Live! Work! Play! in Middle Tennessee

NAR: ‘An Uptrend’ in Closing Sales Ahead

leave a comment »

NAR: ‘An Uptrend’ in Closing Sales Ahead
Daily Real Estate News | May 30, 2014

NAR LogoPending home sales rose slightly in April, largely driven by gains in the Midwest and Northeast, according to the National Association of REALTORS®’ latest Pending Home Sales Index, which is a forward-looking indicator based on contract signings. It marked the second consecutive month of gains for pending home sales.

Overall, pending home sales nationwide rose 0.4 percent in April, but remain 9.2 percent below year ago levels.

“Higher inventory levels are giving buyers more choices, and a slight decline in mortgage interest rates this spring is raising prospective home buyers’ confidence,” says Lawrence Yun, NAR’s chief economist. “An uptrend in closed sales is expected, although months will encounter a modest setback.”

Regional Snapshot

Here’s an overview of how pending home sales fared in April across the country:

  • Northeast: pending home sales rose 0.6 percent in April but are 12 percent below year ago levels, according to the PHSI.
  • Midwest: pending home sales rose 5 percent last month but are 6.9 percent below April 2013.
  • South: pending home sales dropped 0.6 percent and are 6.4 percent below year ago levels.
  • West: pending home sales fell 2.9 percent and are 15 percent below April 2013 levels.

NAR has made the following projections with sales and home prices through 2015:

  • Sales: With sluggish activity in the first quarter, NAR is projecting existing-home sales to be lower this year than last. NAR is projecting existing sales to fall below the nearly 5.1 million they were in 2013. However, existing-home sales are projected to near 5.3 million in 2015.
  • Price: The median on the existing-home price is projected to increase between 5 and 6 percent this year, and then by 4 to 5 percent in 2015.
  • Mortgage rates: The 30-year fixed-rate mortgage is expected to increase and average 5.5 percent next year.

“The extent to which higher mortgage interest rates will impact housing affordability and sales depends on income growth, ongoing improvement in the labor market and any change to mortgage underwriting conditions,” Yun says.

Source: National Association of REALTORS®; Daily Real Estate News (053014)

KENNETH BARGERS, REALTOR® | Bargers Solutions real estate|marketing
a proud member of Pilkerton Realtors

(615) 512-9836 cellular | (615) 371-2474 office email | web blog | web

2 Cadillac Drive, Brentwood TN 37027 address

Subscribe BLOG: EMAIL ME your name/email address to receive Kenneth Bargers Blog
Subscribe NEWSLETTER: EMAIL ME your name/email address to receive In The News

let’s connect…




Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


Ad, Sales & Marketing.

Rachel Being Chatty

Now featuring 15% more sarcasm.


The Casual Way to Discuss Movies

The Ninth Life

It's time to be inspired, become encouraged, and get uplifted!


The Casual Way to Discuss Movies

The Shameful Sheep

shit storms, shame, and stories that make you cringe

Autoindigo Blog

Fresh news about automotive world. Cars overviews written by experts, pros and cons, features, performance, safety, interior and driving.

Little Fears

Tales of whimsy, humour and courgettes

VR, AR, 3D and Video Glasses Reviews

Woodstock Business Welcome

Welcome Wagon Canada

Blookup Blog

Turn and print all your digital contents, blogs and social networks into amazing real paper books on


Graphic Designer


Sabbles woz 'ere


A town everyone hates, yet no one leaves...

Attila Ovari

Loving Life and Inspiring Others

Augusta Littleton

Nonprofits and Charities

The Home Buyer Class Blog

What to know when buying a home

The Contractor's Cabinet

A Blog On Construction & More


Love, Travel Lifestyle and Destinations


My journey - The good, bad and the ugly


"A Blog worth reading "

john pavlovitz

Stuff That Needs To Be Said

Smart Discount Shop

Discover all the creative and ingenious ways to save money !


4 out of 5 dentists recommend this site


A great site

Vonj Productions

Bringing you love through spirit!

The Dystopian Nation of City-State

A cruel, futuristic vision created by science fiction authors James Courtney and Kaisy Wilkerson-Mills. ©2013-2016. All Rights Reserved. All writings available through Amazon.

Bubba Pigg

South' s Leading Anti- Intellectual: Wealthy in Common Sense and the Wisdom of Selfishness

@TheTexasBroker Blog

Real Estate Sales Houston Texas

The Travelling Pantry

Adventurous, Honest and Wholesome

Top 10 of Anything and Everything!!!

Animals, Gift Ideas, Travel, Books, Recycling Ideas and Many, Many More



William the butler

Serving drinks since 1985


This site is the bee's knees

Plutonium™ Paint

Ultra Supreme Professional Grade Aerosol Paint

Levi's Daily Thoughts

For I know that my Redeemer lives Job 19:25

Covered in Beer

by Thomas Cochran, Known Moron

Natalie Breuer

Natalie. Writer. Photographer. Etc.

Post it Notes from my Idiot Boss

delivered directly to my computer monitor on an all too regular basis...

Late Blooming Entrepreneurs

Making it big in business after age 40