July 17, 2024

housing bubbleActivity in the housing market will remain slow during second quarter as consumers continue to react to tighter lending standards and a decline in subprime lending, according to a recent report from National Association of Realtors. The Association's Pending Home Sales Index (PHSI), a forward-looking indicator that gauges home sales activity for upcoming months, continued to decline in March, falling 10.5 percent from a year ago to a reading of 104.3. While a PHSI of 100 or more generally indicates a high level of home sales activity, the March PHSI was the lowest reading since March 2003.[tags]housing bubble,home sales,real estate bubble,housing market[/tags] San Diego mls

6 thoughts on “Four Year Low for Pending Home Sales

  1. Today’s current San Diego real estate is best described as a “polarized” market with buyers putting forth low priced offers and many sellers still holding out for higher prices if possible. The “Buyer’s Market” in San Diego continues to be unpredictable. California car accident attorney

  2. Most are predicating a gradual upturn to a rising San Diego real estate market that will later heat up and return us to not only a balance between sellers and buyers but ultimately a return to the days of a seller advantaged market. California accident attorneys

  3. We’ve all heard it on the news. Prices are down, Real Estate bubble bursting, the downturn, and the value lost. But remember, everything we hear on the news is compiled of data that brokers already knew about six to nine months earlier.

    There is no doubt that there has been a price adjustment in and around San Diego, the days on market have increased and the inventory as well. acne cures

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