Posted To: MND NewsWireJanuary marked the fifth straight month that the National Association of Realtors® (NAR) has reported a decline in its Pending Home Sales Index (PHSI). The index, based on newly signed contracts for the purchase of existing homes, was down 2.8 percent from its December level. The index in January was at 122.8 compared to 125.5 in December and has lost 10 points since August. Still, pending sales were up 13 percent compared to a year earlier. This January's PHSI was, in fact, the highest for any January on record. Analysts had expected the index to be flat but individual estimates by those polled by Econoday all overshot the actual results. They covered a range from a 1.5 percent downturn to 0.5 percent growth. The consensus was for zero change. "Pending home sales fell in January because...(read more)
When you are in the process of moving, the process of buying your new home and selling your old one usually involves choosing which one comes firstâto buy or to sell. Selling your old home first is often a more sensible option, as this ensures you have the needed down payment to cover your new […] More
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To achieve financial freedom and grow wealth over long periods of time, itâs vital to understand the concept of inflation. Inflation refers to the ever-increasing price of goods and services as measured against a particular currency. The purchasing power of a currency depreciates as a result of rising prices. Put differently, a rising rate of […]
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