Tag Archives: lawrence yun

Rising wages and job growth pushed pending home sales up slightly in May

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New numbers from the National Association of Realtors show that pending sales rose 1.1 percent year over year in May. Continue reading →

NAR says lower mortgage rates could help boost sluggish sales. When might that happen?

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Amid fighting over the federal funds rate, NAR says home sales were 0.7 percent lower in May than a year ago as inventory rose to a 4.6-month supply Continue reading →

Pending home sales tank 6.3% in April as mortgage rates stay high

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Even with more inventory entering the market, homebuyers are struggling with elevated mortgage rates, NAR Chief Economist Lawrence Yun said, leading to fewer signed contracts. Continue reading →

Existing-home sales slip again in April even as inventory improves

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Existing-home sales continued to fall in April, down 0.5 percent from March to a seasonally adjusted rate of 4 million last month, according to data released Thursday by the National Association of Realtors. Continue reading →

Home prices kept rising in Q1 but fewer cities saw double-digit gains

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According to a new report released Thursday by the National Association of Realtors (NAR), 83 percent of U.S. metro areas saw year-over-year price increases for single-family existing homes, down from 89 percent in the final quarter of 2024.  Continue reading →

Pending home sales jump as buyers eye lower mortgage rates

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According to data released Wednesday by the National Association of Realtors (NAR), contract signings jumped 6.1 percent in March. That represents the biggest monthly gain since December 2023, when pending sales rose 7 percent. In contrast, February on… Continue reading →

Existing-home sales fall to slowest pace since 2009 amid rising costs

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Existing-home sales decreased by 5.9 percent from February and by 2.4 percent from March 2024 as homebuyers continued to deal with affordability challenges, said NAR Chief Economist Lawrence Yun. Continue reading →

Pending home sales tick up as buyers make cautious comeback

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The Pending Home Sales Index (PHSI) rose by 2.0 percent to 72.0 in February, according to new data released Thursday by NAR. But contract signings fell 3.6 percent compared to last year. Continue reading →

Pending home sales tick up as buyers make cautious comeback

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The Pending Home Sales Index (PHSI) rose by 2.0 percent to 72.0 in February, according to new data released Thursday by NAR. But contract signings fell 3.6 percent compared to last year. Continue reading →

Existing-home sales rebounded in February amid inventory uptick

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As buyers cautiously reentered the market, existing-home sales rose 4.2 percent from January to 4.26 million, according to data released Thursday by NAR. Compared to last year, sales remained down by 1.2 percent. Continue reading →