Tag Archives: lawrence yun

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 →

Bad jobs report could hold silver lining for housing

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The Fed now has justification to keep a tight lid on interest rates. But some fear that if employers are forced to raise wages too quickly, that could spark inflationary pressures and spook bond investors. Continue reading →

Bubble trouble: 4 stats that’ll give you hope (and 4 that won’t)

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There are signs of trouble, but vaccinations are up, spending on home construction is up, and overall, there’s reason to believe the market will improve. Continue reading →

Existing-home sales continue downward trend in March: NAR

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Following a slow February, existing home sales fell 3.7 percent in March, according to data released Thursday by the National Association of Realtors. Continue reading →