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
Fall is the new spring in real estate
Record-low mortgage rates, skyrocketing buyer demand, and shrinking inventory have pushed the housing market's busy season forward through at least the end of the year
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
July pending home sales rise 5.9%
The increase sent the Pending Home Sales Index sailing to 122.1, marking the third month in a row of sales growth, according to the National Association of Realtors
by Lillian Dickerson Aug 27
The demise of cities? Not so fast: Metro home prices skyrocket in Q2
Despite forecasts of people fleeing cities en masse, home prices grew in 96% of metros in the second quarter, according to the National Association of Realtors
by Patrick Kearns Aug 12
Residential investments dropped nearly 40% in Q2
Gross domestic product data showed a historic drop in the second quarter, even as new unemployment claims continued to rise, according to new data released Thursday
by Patrick Kearns Jul 30
US homeownership rate hits near 12-year high — or did it?
New data from the Census Bureau indicates that the homeownership rate surged to its highest point since the third quarter of 2008, but a change in data collection methodology may have impacted the results
by Lillian Dickerson Jul 28
Pending-home sales climbed record-setting 44% from April to May
It was the biggest monthly gain in pending home sales since NAR began recording the forward-looking indicator in 2001
by Patrick Kearns Jun 29
NAR predicts major sales rebound this summer
Existing-home sales fell annually for the third straight month in May, but NAR expects that to change over the coming months
by Patrick Kearns Jun 22
Fed moves likely to keep mortgage rates near historic lows for years
The US Federal Reserve also intends to continue purchasing mortgage-backed securities, Federal Reserve Chairman Jerome Powell said Wednesday
by Patrick Kearns Jun 10
NAR: This is not Great Depression
National Association of Realtors Chief Economist Lawrence Yun predicts inflation will be delayed for five or six years — and then the price of everything will rise
by Andrea V. Brambila May 14
Metro home prices rose 7.7%: NAR
A median single-family home now costs $274,600