Tag Archives: lawrence yun

January existing sales offer mixed signals about market’s future

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Existing-home sales struggled to break out of a winter slump, according to a National Association of Realtors report published on Thursday. The sale of existing single-family homes, townhomes, condominiums and co-ops declined 1.7 percent year-over-year… Continue reading →

Falling rates helped drive home price growth in Q4, NAR says

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U.S. home prices shot up in 86 percent of the 221 metropolitan areas tracked by the National Association of Realtors and rose 3.5 percent in the fourth quarter, according to data released Thursday by NAR. Continue reading →

NAR signals more declines to come after 3rd-straight membership dip

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NAR Chief Economist Lawrence Yun warned of “further declines in membership over the next 24 months” after NAR posted a 2.1 percent annual membership decline last month. Continue reading →

Economic Outlook: Recession may be what drives rates down in 2024

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Does the rapid slowdown in the economy mean a recession is now inevitable in the new year, or is a “soft landing” still possible? Economists are divided on the nation’s economic outlook for 2024. Continue reading →

Pending home sales stagnate in November despite rate relief

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November’s numbers show pending sales didn’t move compared to October, but lower rates did apparently lead to more lockbox openings — hinting that better days lie ahead. Continue reading →

Existing-home sales fall to 13-year low despite strong buyer demand

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Existing sales fell 4.1 percent in October to an annual rate of 3.79 million, the lowest since 2010, according to data from NAR. Nonetheless, multiple offers are still happening, economist Lawrence Yun said. Continue reading →

NAR NXT: Everything to know as the annual conference begins

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The National Association of Realtors’ NAR NXT Conference is gearing up for a week in Anaheim, California. Here’s a rundown of the schedule plus the sessions and events you can’t afford to miss. Continue reading →