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
How are home prices still rising during the pandemic?
Although the stock market has been volatile for weeks and unemployment has continued to rise, home prices have been seemingly unaffected
by Lillian Dickerson May 5
Pending home sales start downward plummet in March: NAR
Contract signings are down 20.8% amidst the coronavirus outbreak
Existing-home sales slammed with first major drop in March: NAR
As the coronavirus outbreak hit the US, existing-home sales fell 8.5%, according to NAR
Pending home sales rise in February
According to NAR's Pending Homes Sales Index released on Monday, pending home sales increased 2.4 percent in February
by Lillian Dickerson Mar 30
Nearly half of Realtors say buyer interest has dropped due to coronavirus
Just one week ago, only 16% of Realtors reported a decrease in homebuyers as a result of COVID-19.
by Lillian Dickerson Mar 20
Trump may allow homeowners to delay mortgage payments
The administration didn't make clear how borrowers might catch up on payments later on
by Lillian Dickerson Mar 18