Tag: home sales

What is the US Pending Home Sales Report Index

Economic Indicators
US Pending Home Sales Report is presented by the National Association of Realtors which publishes the Pending Home Sales Index report, PHSI; an indicator to any changes in the housing contract activity and is considered to be a leading economic indicator in the housing market activity, the US Pending Home Sales Report. The Pending Home Sales Report is formed on the basis of the number of real estate contracts that are signed for existing condos, homes and co-operative socities. Due to the fact that a signed contract doesn't necessarily mean as a sale unless a transaction is made, it is therefore not considered as a sale, the PHSI index does not include constructions in its measure. The Pending Home Sales Report is released once every 4 weeks from the date of release of the previous repo...
What is the Existing Home Sales Report Index

What is the Existing Home Sales Report Index

Economic Indicators
The Existing Home Sales Report Index, published by the National Association of Realtors is released every month where the results are based on the number of closed sales in the housing market activity. Considered to be a leading economic indicator, the Existing Home Sales Report Index reacts to any changes in the mortgage rates as obvious. Not to be mistaken for sales of new homes, the Existing Home Sales Report Index measures the sales of existing homes only. While calculating the existing home sales, a time period of up to two months is considered, therefore the data published under the Existing Home Sales Report reflects on closed existing home sales prior to two months. The Existing Home sales takes into account these seasonal variations into their monthly reports. The existing home