Tag Archives: lawrence yun

Foreign buyers target high-end homes as transactions fall 14%

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The average price of homes sold to foreign buyers was $639,900, the National Association of Realtors said. The median price was $396,400. Both numbers are record highs. Continue reading →

Pending home sales post first increase since February

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Homes under contract inched up 0.3 percent between May and June to a measure of 76.8 on the Pending Home Sales Index, according to data released Thursday by the National Association of Realtors. Continue reading →

‘A downer for sure’: Existing-home sales hit 14-year low as prices soar

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Existing-home sales fell to a seasonally adjusted rate of 4.16 million as the median sales price climbed to $410,000, or just 0.9 percent below the highest median recorded by the National Association of Realtors. Continue reading →

Pending home sales fall, but Northeast sees a surge: Data

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Sales of pending homes declined 2.7 percent in May and were down 22.2 percent from a year ago, but the Northeast saw a 12.9 percent increase, according to new data from the National Association of Realtors. Continue reading →

Home sales see typical boost in May to close a sluggish spring

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The National Association of Realtors recorded 408,000 sales of existing homes in May. Before the pandemic, that number was closer to 530,000. Continue reading →

NAR’s membership is now shrinking for the 1st time in years

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The organization’s membership was down 0.66 percent in April compared to a year earlier. NAR thinks the numbers may fall even further. Continue reading →

US existing-homes sales plunge in April as inventory climbs above 1M

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Economic headwinds and booming interest rates pushed sales down by 3.4% in April as inventory soared 7.2% above March, according to National Association of Realtors data released Thursday Continue reading →

Inflation rises during April but continues to cool

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All items index increased 4.9 percent for the 12 months ending April, the smallest 12-month increase since the period ending April 2021, according to the Consumer Price Index Summary. Continue reading →

Mortgage applications surged last week but rates are climbing again

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Applications for purchase mortgages rose 5 percent last week, but a strong jobs report and ongoing bank instability are pushing mortgage rates back up. Continue reading →