Browsing Posts In: days to close

March 9, 2017 Posted by: Scholastica (Gay) Cororaton, Research Economist

In the monthly REALTORS® Confidence Index Survey, the National Association of REALTORS® asks members “In the past three months, think of your most recent sales contract that was either settled/closed or terminated. Please explain how the deal concluded (settled, delayed, terminated, sale is pending, no contract signed).” Among respondents who had a contract that went into […]

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Posted by: Scholastica (Gay) Cororaton, Research Economist

In the monthly REALTORS® Confidence Index Survey, the National Association of REALTORS® asks members “In the past three months, think of your most recent sales contract that was either settled/closed or terminated. Please explain how the deal concluded (settled, delayed, terminated, sale is pending, no contract signed).” Among respondents who had a contract that went into […]

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November 18, 2016 Posted by: Ken Fears, Director, Regional Economics and Housing Finance

The housing finance market continues to normalize in the way of TRID and Brexit related delays. The average delay in time-to-close (TTC), the time from when a sale goes under contract to settlement, eased from 3.4 days in September to 2.8 days in October. Furthermore, the moderation was driven by a shift from settlements that […]

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Posted by: Ken Fears, Director, Regional Economics and Housing Finance

The housing finance market continues to normalize in the way of TRID and Brexit related delays. The average delay in time-to-close (TTC), the time from when a sale goes under contract to settlement, eased from 3.4 days in September to 2.8 days in October. Furthermore, the moderation was driven by a shift from settlements that […]

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May 6, 2016 Posted by: Scholastica (Gay) Cororaton, Research Economist

Among contracts that closed in March 2016, the median number of days to close a contract was 39 days, slightly up from 36 days in July 2015 when NAR first started tracking this information in this survey, according to the March 2016 REALTORS® Confidence Index Survey Report. Nearly half of REALTOR® respondents reported a longer closing […]

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