Pending Home Sales Up 4.6 Percent – NMP Skip to main content

Pending Home Sales Up 4.6 Percent

Feb 27, 2019
fter three straight weeks of increased activity, mortgage applications went into decline in the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending March 1

Pending home sales started the year with a bang, according to new data from the National Association of Realtors (NAR).
 
NAR’s Pending Home Sales Index (NAR) jumped by 4.6 percent last month to 103.2, up from 98.7 in December. However, the 2.3 percent decline in sales from January 2018 meant that last month was the thirteenth straight month of annual decreases.
 
On a regional measurement, the PHSI in the Northeast rose 1.6 percent to 94.0 in January and the Midwest index rose 2.8 percent to 100.2 in January. The greatest regional leap was in the South, with pending home sales up 8.9 percent to an index of 119.8 in January, while the weakest activity was in the West, where the index inched up 0.3 percent in January to 87.3.
 
“A change in Federal Reserve policy and the reopening of the government were very beneficial to the market,” said NAR Chief Economist Lawrence Yun.
Pending home sales started the year with a bang, according to new data from the National Association of Realtors (NAR)

 
About the author
Published
Feb 27, 2019
The Fed Held. The Mortgage Market Got A Warning.

Three policymakers favored an immediate hike, while Warsh welcomed higher bond yields and offered no clear path toward mortgage-rate relief

Jul 30, 2026
New Study Finds UWM's 'All-In' Triggered Industrywide Pricing Spillovers

Research shows wholesale competitors responded to the 2021 Rocket ban by lowering mortgage rates,

Jul 15, 2026
First Major Housing Reform In Decades Becomes Law Without Trump's Signature

Bipartisan ROAD to Housing Act advances supply, construction, and mortgage reforms despite White House protest

Jul 10, 2026
Mortgage Star Conference Honors Women Shaping The Future Of Mortgage Leadership

MWLC honors leaders driving innovation, mentorship, and growth across the mortgage industry

Jul 09, 2026
June Jobs Report Improves Mortgage Rate Outlook

Slower hiring strengthens bonds and eases concerns over additional Fed tightening

Jul 02, 2026
NEXA Founder Mike Kortas Launches evoLend To Help Originators Retain Borrowers

New Fannie Mae-, Freddie Mac- and Ginnie Mae-approved mortgage servicer aims to keep originators connected to borrowers through servicing data, payoff visibility and retention tools

Jul 02, 2026