Tag Archives: lawrence yun

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 →

The seller’s market is roaring back as buyers vie for limited inventory

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A “drought” of new listings is driving up prices, reversing the sluggishness of late 2022 and forcing buyers to compete fiercely for homes, according to a new analysis from Zillow. Continue reading →

NAR chief economist: ‘The Fed made a mistake’

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At the Realtors Legislative Meetings’ Residential Economic Issues and Trends Forum, Lawrence Yun predicted total home sales would bottom out this year before ticking up in 2024. Continue reading →

Soaring spring home prices are very real — and widespread: NAR

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For now, a seasonal surge in home activity has arrested falling prices in most U.S. markets, according to Q1 metro home price data released Tuesday by the National Association of Realtors. Continue reading →

NAR membership dues would rise with inflation under new proposal

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To cover an expected budget deficit, the National Association of Realtors’ Finance Committee has proposed aligning dues with the Consumer Price Index, increasing the likelihood of annual hikes. Continue reading →

Pending home sales end 3-month streak of upticks in dismal March

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The Pending Home Sales Index dropped by 5.2 percent in March to a reading of 78.9 — 23.2 percent lower than March 2022 levels, according to data released by the National Association of Realtors. Continue reading →

After isolated uptick, existing-home sales shift gears in March

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Existing-home sales fell 2.4 percent in March to a seasonally adjusted annual rate of 4.44 million — 22 percent lower than a year earlier, according to data released Thursday by the National Association of Realtors. Continue reading →

Marketing guru’s run for POTUS puts speakers in awkward position

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NAR’s Lawrence Yun is among the prominent figures scheduled to speak at a seminar where Momentifi CEO and U.S. presidential candidate Gibran Nicholas will hawk his book. Continue reading →

Pending sales increase 3rd-straight month as prices cool: NAR

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“Existing-home sales, pending contracts and new-home construction pending contracts have turned the corner and climbed for the past three months,” said NAR’s Lawrence Yun. Continue reading →

Falling existing-home sales reverse as record-streak of price hikes end

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Existing-home sales surged 14.5 percent in February, reversing a yearlong trend of falling transactions from one month to the next, according to data released Tuesday by the National Association of Realtors. Continue reading →