Welcome to Nationwide Management Services, Inc.
Our services are supported by a unique and proprietary fully-automated inspection system. Our system allows our agents to contact and complete your requests much faster and more effective than our competitors. We ensure you get the right service and provide you with access to comprehensive reports so that our relationship is 100% transparent. Our goal is to maximize every dollar you spend with us and to enhance the overall loss mitigation experience with you as well as your customer.
The National Association of Realtors released January's Pending Home Sales report this morning, which measures signed purchase contracts as opposed to finalized sales. As such, it's considered to be an advance indicator of Existing Home Sales, and that's generally proven to be the case over time. It also means the pending sales data can be a bit more volatile.
In today's data, that volatility expressed itself in the form of the biggest month-over-month decline in 11 months. The index dropped by 5.7% to a level of 109.5. December's level was revised slightly lower from 117.7 to 116.1.
Despite the losses, if we look beyond the post-covid sales surge, current levels are still quite strong in the context of the past 15 years.
That's all well and good for the month of