US housing market still 'sluggish' despite existing-home sales gains
Existing-home sales tallied a 1.3% uptick in July following 4 months of declines, according to NAR data released Thursday. However, market headwinds have kept sales sluggish compared to 2023
by Marian McPherson Aug 22
Home prices grow in 90% of metros as Silicon Valley breaks $2M ceiling
San Jose, California, a major tech hub, tallied single-family existing-home prices exceeding $2M in Q2 for the first time since the National Association of Realtors began tracking home prices in 1979
by Lillian Dickerson Aug 13
NAR membership rebounds ahead of Aug. 17 settlement deadline
More agents are joining the National Association of Realtors ahead of the approaching Aug. 17 deadline for Realtors and MLSs to implement policy changes
by Richelle Hammiel Aug 12
The market is harder for millennials than it was for boomers: Report
A new report in 'The Wall Street Journal' found that baby boomers had an easier time navigating real estate market challenges in the 1980s than millennials do today.
by Taylor Anderson Aug 12
June saw a 4.8% uptick in pending home sales
Pending home sales rose 4.8% in June, with all 4 US regions showing monthly gains in contract signings, the National Association of Realtors reported on Wednesday
by Richelle Hammiel Jul 31
Existing-home sales decline, median sales price hits record high
In June, existing-home sales continued to decline across all 4 US regions, while the median existing-home price reached a record high for the 2nd consecutive month, according to NAR
by Richelle Hammiel Jul 23
Number of foreign buyer purchases falls to lowest point since 2009
As the US dollar's value and home sale prices rose from April 2023 to March 2024, international buyers shied away from investing in US real estate, according to a new report from NAR
by Lillian Dickerson Jul 17
NAR chief economist predicts 6% mortgage rates. Is this the time?
NAR Chief Economist Lawrence Yun told CNBC he expects rates to settle around 6%, a prediction he’s made several times before. A look back at 2 years of his forecasts amid a chaotic economy
by Taylor Anderson Jul 11
BofA analysts cast doubts on prospects for 2025 sales rebound
'The US housing market is stuck, and we are not convinced it will become unstuck anytime soon,' economists at Bank of America Global Research said of ongoing housing affordability issues
by Matt Carter Jun 27
Pending home sales fall by 2.1% in May as buyer demand softens
High mortgage rates continued to curb homebuyer activity in May, NAR said. As inventory rises in upcoming months, slower home price growth will follow, and likely more buyers in the market
by Lillian Dickerson Jun 27
Median home sale price in US rises to record high as transactions dip
The median sale price for an existing home in the US has grown to a whopping $419,300 — the highest since NAR began tracking the metric — following 11-consecutive months of price gains
by Ben Verde Jun 21
Pending home sales fell in April but expected rate cuts offer some hope
Contract signings fell 7.7% between March and April to a score of 72.3 on the Pending Home Sales Index last month, according to data released Thursday by the National Association of Realtors
by Ben Verde May 30
Existing-home sales dip in April — but rising inventory lifts high-end
Homes at the higher end of the market — priced at $1M or more — enjoyed the spoils with inventory and sales rising by double digits from a year ago, according to data released Wednesday by NAR
by Ben Verde May 22
At NAR midyear, 'the media' was cast as the villain — repeatedly
NAR's legal team, president and chief economist defended the group's cooperative compensation rule and used journalists as a scapegoat repeatedly during midyear panels earlier this month
by Andrea V. Brambila May 20
camera, livestream, video, video camera
Opinion
On the heels of the National Association of Realtors’ midyear meeting, broker-owner Teresa Boardman wonders why NAR doesn’t livestream (and engage) more members
by Teresa Boardman May 15