trending Market Intelligence /marketintelligence/en/news-insights/trending/UZvAsblhfPPZ8cHPnBJ_mw2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

NAR: Pending home sales moderate in November

Street Talk - Ep. 64: Coronavirus jumpstarts digital adoption

Street Talk Podcast

Street Talk - Ep. 63: Deal talks continue amid bank M&A freeze, setting up for strong Q4

Street Talk Podcast

Street Talk - Ep. 62: 'Brutal' outlook for oil demand offers banks in oil patch no relief

Amid Q1 APAC Fintech Funding Slump, Payment Companies Drove Investments

NAR: Pending home sales moderate in November

Pending home sales in the U.S. fell to the lowest level in almost a year in November as mortgage rates surged, the National Association of Realtors said. The sales decline follows the slight increase in October.

The association's Pending Home Sales Index dropped 2.5% to 107.3 in November from 110.0 in October and is 0.4% lower than its November 2015 level.

The last time the index reading was so low was in January, when it was 105.4.

National Association of Realtors chief economist Lawrence Yun said ongoing supply shortages also factored into the sales decline.

"Already faced with climbing home prices and minimal listings in the affordable price range, fewer home shoppers in most of the country were successfully able to sign a contract," Yun said in a release.

The Pending Home Sales Index in the Northeast edged up 0.6% to 97.5 in November, representing a 5.7% gain compared to year-ago levels. In the Midwest, the index fell 2.5% to 103.5 and was 2.4% lower than November 2015 levels.

The index declined 1.2% in the South to 118.7 and was 1.3% lower than year-ago levels. In the West, the index dropped 6.7% to 101.0 in November and was 1.0% lower than in October 2015.

Yun expects existing sales to close 2016 at a pace of roughly 5.42 million, eclipsing the 2015 level of 5.25 million and marking the highest figure since 2006, when the total was 6.48 million.