• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Best Managed Accounts
  • Forex Robots
  • Forex Brokers
  • Forex Signals
  • Social Trading Platforms
  • Community Reviews

  • Robots
  • Start Guide
  • Glossary
  • Basics
    • Currency Pairs
    • Charts
    • Candlesticks
    • Trading Tips
  • Strategies
    • Technical Analysis
    • Fundamental Analysis
    • Day Trading
    • Scalping
    • Swing Trading
    • Trend Following
  • News
  • Reviews
    • Forex Robots
    • Forex Brokers
  • Mustreads
  • Crypto Trading

Contract Signings for New Homes End the Year With a 3.8% Slump

January 27, 2022 by Forex Winner Leave a Comment

Contract Signings for New Homes End the Year With a 3.8% Slump

Source: NAR

The pending home sales in the US fell by 3.8% in December from November, with contract signings declining across all regions. SPY is up +0.82%, DXY is up +0.81%.

  • On a year over year basis, contract signings for new homes fell by 6.9%.
  • The decline in pending home sales reflected diminishing supply, with few units available for buyers.
  • NAR’s chief economist Lawrence Yun expects the recent surge in mortgage rates to push aside marginal buyers. Yun expects a 2.8% reduction in existing home sales as mortgage rates continue to soar.
  • Yun says despite the December slowdown, 2021 posted a strong year in home transactions. He expects housing starts to rise to 1.65 million, while home prices are expected to surge by 5.1% in 2022.
  • The NAR economist expects rising house supply and more measured demand to play a role in bringing house prices in line with the wage increases. 

Best Forex Robots ›

Compare leading trading systems on the market

Filed Under: Forex News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Best Forex Robots

  1. Techberry 8.7
  2. Happy Forex 8.0
  3. Forex Fury 7.7
  4. Promax Gold EA 6.8
  5. Gump EA 6.4

Best Forex Brokers

  1. Techberry 8.7
  2. XM 8.2
  3. eToro 8.1
  4. Pepperstone 8.1
  5. IG 8.0

Latest News

Man charged in New York with 3-week kidnapping to try to steal Bitcoin

May 30, 2025

Goldman Sachs Expert Predicts Significant Gold Price Surge by 2026

May 29, 2025

Second suspect in New York bitcoin kidnapping surrenders to police

May 28, 2025

Footer

Forex Broker Reviews

Breaking Equity Review: A Comprehensive Analysis of the Latest Trends and Opportunities in the Stock Market

May 20, 2023 By Forex Winner

Oanda Review

Oanda Review

May 2, 2019 By Forex Winner

CMC Markets

CMC Markets Review

November 25, 2019 By Forex Winner

Forex Robot Reviews

Earn2Trade Review

August 20, 2023 By Shandor Brenner

FundedNext Review

August 16, 2023 By Shandor Brenner

Topstep Forex Review

August 14, 2023 By Shandor Brenner

EMAIL NEWSLETTER

Sign up to receive exclusive forex trading guides and insights from our team of experts!

Copyright © 2025 · Forex Traders Guide · About Us · Contact Us
Privacy Policy · Risk Disclosure