housing market
Just as the real estate industry suspected, existing-home sales surged in 2020, up 5.9% from the year previous and to a level unseen since the Great Recession, according to new data
by Patrick Kearns Jan 22
Housing construction sees 'biggest bang' since 2006
New homes authorized by permits were up 17% year over year in December, according to the US Census Bureau and US Department of Housing and Urban Development
by Patrick Kearns Jan 21
How low will it go? 2020 was the year of record-low mortgage rates
Mortgage rates ended 2020 near a record low. Will record-breaking rates continue in 2021?
by Patrick Kearns Dec 31
Housing crunch to blame for third month of pending-home sales dips
Despite the modest slide, the National Association of Realtors' pending home sale index hit an all-time high for the month of November, it was announced Wednesday
by Patrick Kearns Dec 30
After 5-month stretch, existing-home sales take a step back
Sales were down 2.5% from October, with every region dipping or remaining flat month over month, according to data released Tuesday by the National Association of Realtors
by Patrick Kearns Dec 22
Economists predict GDP growth, mortgage rate increases in 2021
More stimulus is needed to prevent the economy from hitting another 'soft-spot,' according to economists who spoke at annual summit hosted by the National Association of Realtors
by Patrick Kearns Dec 10
October contract signings surge way beyond last year's levels: NAR
The Pending Home Sales Index, an indicator of future sales based on contract signings, rose 20.2% from October 2019, according to the National Association of Realtors
by Patrick Kearns Nov 30
Existing-home sales continue to rise for fifth consecutive month: NAR
Existing-home sales in October 2020 were up 4.3% from the previous month and up 26.6% from one year ago, according to a report from the National Association of Realtors
by Lillian Dickerson Nov 19
NAR: After 2020 boost, home sales will leap next year
NAR Chief Economist Lawrence Yun predicts existing-home sales will rise 9% in 2021
by Andrea V. Brambila Nov 18
Foreign buyer activity is down, but not in 'Zoom cities'
Travel restrictions, uncertainty and the US handling of the pandemic are taking a toll, but outdoorsy vacation spots are still hot among international buyers
by Andrea V. Brambila Oct 30
Pending-home sales take 2.2% hit
The National Association of Realtors' Pending Home Sales Index dropped 2.2%, to 130, in September after 4 consecutive months of contract activity growth
by Lillian Dickerson Oct 29
Inventory hits record low
As year-over-year existing-home sales soared 21% in September, inventory dropped to a 2.7-month supply, according to data released Thursday by the National Association of Realtors
by Patrick Kearns Oct 22
Pending-home sales soar in August
The National Association of Realtors' Pending Home Sales Index skyrocketed 8.8% year over year in August
Existing-home sales soar to highest level since 2006
Total existing-home sales climbed 10.5% from the year prior in August, according to data released Tuesday by the National Association of Realtors
by Patrick Kearns Sep 22
The 2020 housing market is now outperforming 2019
National Association of Realtors Chief Economist Lawrence Yun said he believes home sales will be slightly ahead of 2019 and then up even more in 2021, rising 8% year over year
by Patrick Kearns Sep 1