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    Hiral Tipirneni, Democratic candidate in the special election in Arizona's 8th Congressional District, greets supporters after polls closed in her run against Republican Debbie Lesko, Tuesday, April 24, 2018, in Glendale, Ariz. Lesko won the election.

    GOP unsettled by narrow win in US House race in Arizona

    In this Jan. 21, 2018, file photo, demonstrators rally in support of Deferred Action for Childhood Arrivals (DACA) outside the Capitol Washington.

    Judge deals big setback to Trump on ‘Dreamers’ program

    Jennifer Parrott, a certified nurse practitioner, left, talks with a doctor about a patient at the Oklahoma Health Sciences Emergency Department, in Oklahoma City, in Oklahoma City, Friday, May 13, 2016.

    State names nine Medicaid health plans but challenges loom

    In this courtroom sketch, Duty counsel Georgia Koulis, from left, Alek Minassian, Justice of the Peace Stephen Waisberg, and Crown prosecutor Joe Callaghan appear in court in Toronto on Tuesday, April 24, 2018.

    Toronto van attack suspect was student, ex-military recruit

    One-cent sales tax could be headed to Collier ballots in 2018

    Collier sales tax ballot language adopted despite divided commission

    fort myers police car

    FMPD: Man molested young girl during sleepover

    Trending Tags

    • Politics
      CIA director Mike Pompeo and his wife Susan Pompeo arrive for a State Dinner with French President Emmanuel Macron and President Donald Trump at the White House, Tuesday, April 24, 2018, in Washington.

      Lax vetting on Trump nominees begins to frustrate senators

      In this April 23, 2018, photo, people wait in line outside the Supreme Court in Washington, to be in the gallery when the court hears arguments in on April 25, over President Donald Trump’s ban on travelers from several mostly Muslim countries.

      Trump travel ban is focus of Supreme Court’s last arguments

      Hiral Tipirneni, Democratic candidate in the special election in Arizona's 8th Congressional District, greets supporters after polls closed in her run against Republican Debbie Lesko, Tuesday, April 24, 2018, in Glendale, Ariz. Lesko won the election.

      GOP unsettled by narrow win in US House race in Arizona

    • Business
      FILE- This April 5, 2018, file photo shows the facade of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Tuesday, April 25.

      Sell-off in industrial, tech stocks sends Dow down 400

      In this March 29, 2018, file photo, the logo for Facebook appears on screens at the Nasdaq MarketSite in New York's Times Square.

      For the first time, Facebook spells out what it forbids

      In this May 9, 2017, file photo, a package from Amazon Prime is loaded for delivery in New York.

      Get Into My Car … Amazon begins delivery to vehicles

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      Fns watch the Cleveland Indians against the Chicago Cubs game from Cleveland,on the scoreboard at PNC Park in Pittsburgh, during a rain delay before a scheduled baseball game between the Pittsburgh Pirates and the Detroit Tigers in Pittsburgh, Tuesday, April, 24, 2018.

      LEADING OFF: Acuna called up, Beltre strain, Cobb sees Rays

      In this Wednesday, March 1, 2017 photo, Brewvino Owner and Manager Jordan Chronister talks about renovations that will be made following Brewvino, LLC.'s acquisition of Grandview Golf Club, in York, Pa.

      Black woman golfer: It was like we had targets on our backs

      LEADING OFF: Ohtani faces champs; Cubs-Indians rematch

      LEADING OFF: Ohtani faces champs; Cubs-Indians rematch

      Miami Marlins starting pitcher Jarlin Garcia throws to the plate during the first inning of a baseball game against the Los Angeles Dodgers Monday, April 23, 2018, in Los Angeles.

      Buehler! Top prospect shines in Dodgers’ 2-1 win over Miami

      Toronto Maple Leafs centre Tyler Bozak (42) and goaltender Frederik Andersen (31) celebrate their win over the Boston Bruins in NHL round one playoff hockey action in Toronto on Monday, April 23, 2018.

      Andersen helps Maple Leafs beat Bruins 3-1 to force Game 7

      In this undated file photo, New York Yankees' Babe Ruth hits a home-run.

      A tale of 2 bats, and Babe Ruth’s 60th home run in 1927

    • Entertainment
      • All
      • Celebrity
      • Movies
      • Music
      • TV
      ‘A Star is Born’ steals show in starry Warner Bros. slate

      ‘A Star is Born’ steals show in starry Warner Bros. slate

      In this Feb. 18, 1985 file photo, Prince performs at the Forum in Inglewood, Calif.

      Prince heirs sue Illinois hospital over care during overdose

      In this April 2018 photo provided by the Museum of Contemporary Art Chicago, Qatari-American artist Sophia Al-Maria poses for a portrait in Glasgow, Scotland, Britain.

      Qatari-American contemporary artist wins new $100,000 prize

      Town Crier Tony Appleton announces that the Duchess of Cambridge has given birth to a baby boy outside the Lindo wing at St Mary's Hospital in London London, Monday, April 23, 2018.

      Royal baby: It’s a boy for Kate on England’s national day

      In this June 11, 2008 file photo, actor Verne Troyer poses on the press line at the premiere of the feature film "The Love Guru" in Los Angeles

      Verne Troyer, Mini-Me from ‘Austin Powers’ films, has died

      In this December 2017 file photo, singer Taylor Swift performs at Z100's iHeartRadio Jingle Ball at Madison Square Garden on in New York.

      Police: Stalker broke into Taylor Swift’s NYC home, took nap

    • Lifestyle
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      • Shopping
      Jennifer Parrott, a certified nurse practitioner, left, talks with a doctor about a patient at the Oklahoma Health Sciences Emergency Department, in Oklahoma City, in Oklahoma City, Friday, May 13, 2016.

      State names nine Medicaid health plans but challenges loom

      In this March 7, 2017, file photo, the CEO of a methadone clinic holds a 35 mg liquid dose of methadone in Rossville, Ga.

      Opioid treatment gap in Medicare: methadone clinics

      This Dec. 17, 1997, file photo, lettuce is harvested at a farm in Wellton, Ariz., east of Yuma.

      CDC expands romaine lettuce warning after E. coli cases rise

    • Tech
      In this March 29, 2018, file photo, the logo for Facebook appears on screens at the Nasdaq MarketSite in New York's Times Square.

      For the first time, Facebook spells out what it forbids

      In this May 9, 2017, file photo, a package from Amazon Prime is loaded for delivery in New York.

      Get Into My Car … Amazon begins delivery to vehicles

      In this April 19, 2018, photo, workers remove the veil from the Infiniti electric concept sedan at a showroom ahead of the Auto China 2018 to be held in Beijing, China.

      China auto show highlights industry’s electric ambitions

      In this May 16, 2012, file photo, the Facebook logo is displayed on an iPad in Philadelphia.

      Facebook adds privacy settings to comply with European rules

      This Oct. 15, 2014 photo made available by The Reykjavík Metropolitan Police shows Sindri Thor Stefansson.

      Iceland: Bitcoin heist suspect has likely fled to Sweden

      In this Feb. 26, 2014, file photo, a sign for the ZTE booth is seen at the Mobile World Congress, the world's largest mobile phone trade show in Barcelona, Spain.

      US bars China’s telecom giant ZTE from buying US components

    • Obituaries
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    Naples Herald
    • HOME
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      • Crime
      • Florida
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      Hiral Tipirneni, Democratic candidate in the special election in Arizona's 8th Congressional District, greets supporters after polls closed in her run against Republican Debbie Lesko, Tuesday, April 24, 2018, in Glendale, Ariz. Lesko won the election.

      GOP unsettled by narrow win in US House race in Arizona

      In this Jan. 21, 2018, file photo, demonstrators rally in support of Deferred Action for Childhood Arrivals (DACA) outside the Capitol Washington.

      Judge deals big setback to Trump on ‘Dreamers’ program

      Jennifer Parrott, a certified nurse practitioner, left, talks with a doctor about a patient at the Oklahoma Health Sciences Emergency Department, in Oklahoma City, in Oklahoma City, Friday, May 13, 2016.

      State names nine Medicaid health plans but challenges loom

      In this courtroom sketch, Duty counsel Georgia Koulis, from left, Alek Minassian, Justice of the Peace Stephen Waisberg, and Crown prosecutor Joe Callaghan appear in court in Toronto on Tuesday, April 24, 2018.

      Toronto van attack suspect was student, ex-military recruit

      One-cent sales tax could be headed to Collier ballots in 2018

      Collier sales tax ballot language adopted despite divided commission

      fort myers police car

      FMPD: Man molested young girl during sleepover

      Trending Tags

      • Politics
        CIA director Mike Pompeo and his wife Susan Pompeo arrive for a State Dinner with French President Emmanuel Macron and President Donald Trump at the White House, Tuesday, April 24, 2018, in Washington.

        Lax vetting on Trump nominees begins to frustrate senators

        In this April 23, 2018, photo, people wait in line outside the Supreme Court in Washington, to be in the gallery when the court hears arguments in on April 25, over President Donald Trump’s ban on travelers from several mostly Muslim countries.

        Trump travel ban is focus of Supreme Court’s last arguments

        Hiral Tipirneni, Democratic candidate in the special election in Arizona's 8th Congressional District, greets supporters after polls closed in her run against Republican Debbie Lesko, Tuesday, April 24, 2018, in Glendale, Ariz. Lesko won the election.

        GOP unsettled by narrow win in US House race in Arizona

      • Business
        FILE- This April 5, 2018, file photo shows the facade of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Tuesday, April 25.

        Sell-off in industrial, tech stocks sends Dow down 400

        In this March 29, 2018, file photo, the logo for Facebook appears on screens at the Nasdaq MarketSite in New York's Times Square.

        For the first time, Facebook spells out what it forbids

        In this May 9, 2017, file photo, a package from Amazon Prime is loaded for delivery in New York.

        Get Into My Car … Amazon begins delivery to vehicles

      • Food
      • Sports
        • All
        • Baseball
        • Basketball
        • Boxing
        • Football
        • Golf
        • Hockey
        Fns watch the Cleveland Indians against the Chicago Cubs game from Cleveland,on the scoreboard at PNC Park in Pittsburgh, during a rain delay before a scheduled baseball game between the Pittsburgh Pirates and the Detroit Tigers in Pittsburgh, Tuesday, April, 24, 2018.

        LEADING OFF: Acuna called up, Beltre strain, Cobb sees Rays

        In this Wednesday, March 1, 2017 photo, Brewvino Owner and Manager Jordan Chronister talks about renovations that will be made following Brewvino, LLC.'s acquisition of Grandview Golf Club, in York, Pa.

        Black woman golfer: It was like we had targets on our backs

        LEADING OFF: Ohtani faces champs; Cubs-Indians rematch

        LEADING OFF: Ohtani faces champs; Cubs-Indians rematch

        Miami Marlins starting pitcher Jarlin Garcia throws to the plate during the first inning of a baseball game against the Los Angeles Dodgers Monday, April 23, 2018, in Los Angeles.

        Buehler! Top prospect shines in Dodgers’ 2-1 win over Miami

        Toronto Maple Leafs centre Tyler Bozak (42) and goaltender Frederik Andersen (31) celebrate their win over the Boston Bruins in NHL round one playoff hockey action in Toronto on Monday, April 23, 2018.

        Andersen helps Maple Leafs beat Bruins 3-1 to force Game 7

        In this undated file photo, New York Yankees' Babe Ruth hits a home-run.

        A tale of 2 bats, and Babe Ruth’s 60th home run in 1927

      • Entertainment
        • All
        • Celebrity
        • Movies
        • Music
        • TV
        ‘A Star is Born’ steals show in starry Warner Bros. slate

        ‘A Star is Born’ steals show in starry Warner Bros. slate

        In this Feb. 18, 1985 file photo, Prince performs at the Forum in Inglewood, Calif.

        Prince heirs sue Illinois hospital over care during overdose

        In this April 2018 photo provided by the Museum of Contemporary Art Chicago, Qatari-American artist Sophia Al-Maria poses for a portrait in Glasgow, Scotland, Britain.

        Qatari-American contemporary artist wins new $100,000 prize

        Town Crier Tony Appleton announces that the Duchess of Cambridge has given birth to a baby boy outside the Lindo wing at St Mary's Hospital in London London, Monday, April 23, 2018.

        Royal baby: It’s a boy for Kate on England’s national day

        In this June 11, 2008 file photo, actor Verne Troyer poses on the press line at the premiere of the feature film "The Love Guru" in Los Angeles

        Verne Troyer, Mini-Me from ‘Austin Powers’ films, has died

        In this December 2017 file photo, singer Taylor Swift performs at Z100's iHeartRadio Jingle Ball at Madison Square Garden on in New York.

        Police: Stalker broke into Taylor Swift’s NYC home, took nap

      • Lifestyle
        • All
        • Arts
        • Culture
        • Fashion
        • Food & Drink
        • Health
        • Nightlife
        • Real Estate
        • Shopping
        Jennifer Parrott, a certified nurse practitioner, left, talks with a doctor about a patient at the Oklahoma Health Sciences Emergency Department, in Oklahoma City, in Oklahoma City, Friday, May 13, 2016.

        State names nine Medicaid health plans but challenges loom

        In this March 7, 2017, file photo, the CEO of a methadone clinic holds a 35 mg liquid dose of methadone in Rossville, Ga.

        Opioid treatment gap in Medicare: methadone clinics

        This Dec. 17, 1997, file photo, lettuce is harvested at a farm in Wellton, Ariz., east of Yuma.

        CDC expands romaine lettuce warning after E. coli cases rise

      • Tech
        In this March 29, 2018, file photo, the logo for Facebook appears on screens at the Nasdaq MarketSite in New York's Times Square.

        For the first time, Facebook spells out what it forbids

        In this May 9, 2017, file photo, a package from Amazon Prime is loaded for delivery in New York.

        Get Into My Car … Amazon begins delivery to vehicles

        In this April 19, 2018, photo, workers remove the veil from the Infiniti electric concept sedan at a showroom ahead of the Auto China 2018 to be held in Beijing, China.

        China auto show highlights industry’s electric ambitions

        In this May 16, 2012, file photo, the Facebook logo is displayed on an iPad in Philadelphia.

        Facebook adds privacy settings to comply with European rules

        This Oct. 15, 2014 photo made available by The Reykjavík Metropolitan Police shows Sindri Thor Stefansson.

        Iceland: Bitcoin heist suspect has likely fled to Sweden

        In this Feb. 26, 2014, file photo, a sign for the ZTE booth is seen at the Mobile World Congress, the world's largest mobile phone trade show in Barcelona, Spain.

        US bars China’s telecom giant ZTE from buying US components

      • Obituaries
      No Result
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      Naples Herald
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      US pending home sales tumble in December

      by Associated Press
      January 29, 2015
      in Business News, Real Estate
      0
      a sale pending sign is posted in front of a home for sale in Quincy, Mass

      (AP Photo/Michael Dwyer, File)

      AP Logo BY | JOSH BOAK

      WASHINGTON (AP) — Fewer Americans signed contracts to buy homes in December, a sign that low mortgage rates have yet to coax more buyers into the market.

      The National Association of Realtors said Thursday that its seasonally adjusted pending home sales index fell 3.7 percent last month to 100.7. The index ended the year below its 2013 average. But the Realtors project sales of existing homes will rebound in 2015 to 5.26 million, a 6.6 percent increase from last year.

      Pending sales are a barometer of future purchases. A one- to two-month lag usually exists between a contract and a completed sale.

      Lackluster wage growth and rising home prices stifled buying for much of 2014. Those affordability pressures should ease in 2015 due to strong job gains in recent months coupled with falling mortgage rates.

      Rates for 30-year mortgages averaged 3.66 percent this week, down from 4.32 percent a year ago, according to the mortgage firm Freddie Mac. The drop has made it less expensive for buyers to borrow, enabling them to either save on monthly payments or afford larger and more expensive homes.

      RelatedPosts

      In this Monday, Jan. 8, 2018 photo a real estate for sale sign hangs in front of an existing home, in Walpole, Mass. On Wednesday, Feb. 21, the National Association of Realtors reports on January sales of existing homes.

      Sales of US homes fall year over year by most in 3½ years

      2 months ago
      This Monday, Jan. 8, 2018, photo, shows an existing home for sale in Walpole, Mass.

      US home sales tumbled 3.6 percent in December

      3 months ago

      Strong job growth over the past year should help contribute to income gains and real estate sales.

      The unemployment rate has plunged to 5.6 percent from 6.7 percent a year ago, as employers added nearly 3 million jobs last year, according to the Labor Department. While average wages have basically kept pace with inflation, the job growth has increased the number Americans with paychecks — which may spur more home sales this year.

      Construction firms still expect growth this year, although their enthusiasm has waned slightly. The National Association of Home Builders/Wells Fargo builder sentiment index fell slightly this month to 57, down one point from a revised reading of 58 in December. Despite the decrease, any reading above 50 indicates that more builders view sales conditions as good rather than poor.


      Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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      Tags: mortgage ratesNational AssociationNational Association of Realtorsreal estate sales
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