Tag Archives: lawrence yun

Real-estate hiring outpaces other industries amid stale jobs report

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Employers in real estate and residential construction grew workforces by 0.2 percent on a seasonally adjusted basis, according to Department of Labor survey out Friday. Continue reading →

Foreign buyers may soon swoop back into US housing market

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International buyers were less involved in the U.S. housing market during the first year of the pandemic — but that may soon change. Continue reading →

Median existing-home price sails to record high

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The median existing-home sales price rose 23.4% year over year, propelling the median price to $363,300, the highest on record, according to the National Association of Realtors. Continue reading →

‘Homebodies’ hampering housing market potential by not selling

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“Homebodies” — homeowners who don’t want to give up their rock-bottom mortgage rates and seniors choosing to age in place — are keeping home sales from reaching their full potential, according to an analysis by First American Financial Corp. Continue reading →

NAR, Updater partner to provide real-time relocation data to Realtors

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The trade group will be able to use “pre-move” data to inform reports on migration patterns and housing demand. Continue reading →

NAR: Housing market is ‘topping out’ due to inventory shortage

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Lawrence Yun, chief economist for NAR, reports that the GDP is back to its pre-pandemic peak, consumers are ready to spend their stimulus checks and single-family housing starts are ramping up. Continue reading →