Tag Archives: lawrence yun

NAR’s membership is now shrinking for the 1st time in years

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The organization’s membership was down 0.66 percent in April compared to a year earlier. NAR thinks the numbers may fall even further. Continue reading →

US existing-homes sales plunge in April as inventory climbs above 1M

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Economic headwinds and booming interest rates pushed sales down by 3.4% in April as inventory soared 7.2% above March, according to National Association of Realtors data released Thursday Continue reading →

Inflation rises during April but continues to cool

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All items index increased 4.9 percent for the 12 months ending April, the smallest 12-month increase since the period ending April 2021, according to the Consumer Price Index Summary. Continue reading →

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 →