Instant Reaction: December Housing Starts

The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s U.S. Commerce Department release on residential construction in December: “The latest decline in the volatile housing starts data is disappointing, but surely not lasting. New home construction...

Price Forecasting the Winner of Super Bowl LII

The NFL’s Divisional Round kicks off this weekend, featuring a bevy of talented teams, including regular heavyweights, the New England Patriots and the Pittsburgh Steelers, as well as some newcomers (Jacksonville Jaguars and Tennessee Titans). While TV analysts and...

Instant Reaction: December Jobs Report

The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s U.S. Bureau of Labor Statistics report on December employment conditions: “The job market continues to improve, but at a decelerating pace. The year 2017 ended with 2.1...

2017 in Review: Housing Market Superlatives

The calendar may have turned to 2018 yesterday, but with one month of 2017 data remaining, here’s a look at some of the top housing highlights from last year: Strongest existing-home sales pace November: 5.81 million Slowest existing-home sales...

WATCH: Realtors® December Housing Minute: A 50-Second Video of Market Activity

Fueled by strong job growth and the strengthening economy, existing-home sales and contract signings both increased in November. Visit (or watch below) https://www.nar.realtor/videos/housing-minute to watch a 50-second, animated video from the National Association of Realtors® summarizing how the housing market...
December 29, 2017

November Sales Surprise to a Near 11-Year High; Contract Signings Also Rise

In what reflects the significant amount of pent-up demand in today’s housing market, existing-home sales surged in November to their strongest pace since December 2006. Good news was also found in November’s pending sales data.  Whether it’s been weakening...
December 27, 2017

Instant Reaction: November Housing Starts

The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s U.S. Commerce Department report on November housing starts: “A welcoming trend is developing in the housing sector as builders are able to bring more supply to the...
December 19, 2017

Infographic: Space Places

If the latest Star Wars movie inspired you to expand your universe to include more intergalactic adventure, the National Association of REALTORS® has some information on some of the most out-of-this-world cities in America....
December 18, 2017

Instant Reaction: Lawrence Yun on Today’s FOMC Statement

The following statement is NAR Chief Economist Lawrence Yun’s reaction to the Federal Reserve’s decision today to raise short-term interest rates, as well as what it means for the economy and housing in 2018: “There will be juice added...
December 13, 2017

NAR Applauds FHA’s “Smart Step” on Energy Efficient Loans

The Department of Housing and Urban Development announced earlier this week that the Federal Housing Administration will no longer insure properties with Property Assessed Clean Energy assessments, winning praise from the National Association of Realtors®. “FHA’s PACE announcement is a smart...