NAR chief economist expects price of office space and apartments to dip
Lawrence Yun expects employees to spend 25% to 35% less time in the office, keeping downward pressure on office rent. The multifamily sector also saw prices drop with high borrowing rates
by Taylor Anderson Nov 14
NAR chief economist predicts 'strong rebound' in 2024
Lawrence Yun said home prices will rise 1% and sales will dip 7% next year before recovering in 2024, in contrast to a Fannie Mae forecast last month that predicted falling prices next year
by Andrea V. Brambila Nov 14
Annual home price gains fall to single digits in most markets: NAR
Annual home price growth fell from 14% in the second quarter to below 9%, according to the National Association of Realtors latest quarterly metro home price report, released Thursday
by Daniel Houston Nov 10
Inflation up 8.2% over last year — and housing is largely to blame
Government’s estimate of the cost of owning a primary residence rose 0.8% in September and was up 6.7% compared to a year ago, which is the largest 12-month increase in the category's history
by Daniel Houston Oct 13
Housing inflation isn't slowing yet. And it may prove tough to tame
The slowing housing market has yet to significantly reduce costs for most Americans. But economists believe more rate hikes may be on the way
by Daniel Houston Sep 13
Zillow to REX: Let's unite against NAR's 'no-commingling rule'
Legal battle of wills rages on as the 3 parties have motions to compel pending before the court. On Tuesday, REX pushed back against Zillow’s motion to compel, calling it a 'fishing expedition'
Home price growth is scaling back, but not everywhere at once: NAR
Single-family homes saw a double-digit annual rise in sale prices in 148 of 185 metro markets in Q2, but overall numbers point to a housing market in opening stages of a cooldown, report says
by Daniel Houston Aug 11
NAR chief economist: Don't expect big changes in mortgage rates
Speaking at NAR's Real Estate Forecast Summit on Wednesday, Chief Economist Lawrence Yun said 'inventory is turning' and the housing market is heading back toward a pre-COVID normal
by Andrea V. Brambila Jul 28
US existing-home sales prices tally new record after topping $400K
Total sales of existing homes, condos and co-ops dropped 3.4% between April and May to a seasonally adjusted rate of 5.4M, according to new data from the National Association of Realtors
by Ben Verde Jun 21
Could mortgage rates fall? Agents react to biggest rate hike in 28 years
Reaction to rate hike was mixed on Wednesday as real estate agents noted what they saw as a clear signs of a ‘transitioning market.' Economists say mortgage rates could actually dip
by Taylor Anderson Jun 16
Pending home sales hits slowest pace in nearly 10 years
Pending home sales dropped 3.9% from March to April, marking the sixth-straight month of declines amidst climbing mortgage rates, according to data released Thursday from NAR
by Lillian Dickerson May 26
Google searches for 'housing bubble' have been spiking since March
Google Trends experienced a spike in searches for the term 'housing bubble' earlier this spring, and it hasn't fully returned to normal levels, hinting that the topic is at least on a lot of minds
by Jim Dalrymple II May 23
Existing-home sales dip for third month as buyers say 'No thanks'
Existing-home sales decreased by 2.4% from March and 5.9% from the year before as declining affordability continued to put off homebuyers, according to the National Association of Realtors
by Lillian Dickerson May 19
Pending home sales keep falling as market conditions 'normalize': NAR
Pending home sales dipped for the 5th straight month in March, with the Pending Home Sales Index dropping 1.2% from February to 103.7, according to the National Association of Realtors
by Lillian Dickerson Apr 27
Existing-home sales drop for second month as buyer demand stalls
Total existing-home sales dropped by 2.7% from February 2022 and by 4.5% from March 2021 to a seasonally adjusted annual rate of 5.77 million, according to the National Association of Realtors
by Lillian Dickerson Apr 20
Pending home sales dip for 4th consecutive month
Pending home sales decreased 4.1% in February from the previous month, and were down 5.4% from the same period last year
by Ben Verde Mar 25
Pending home sales dip amid anticipated 'retreat' in demand
The number of homes that went pending in January, a leading indicator of future sales, fell 9.5% year over year, according to data released Friday by the National Association of Realtors
by Daniel Houston Feb 25