Author Archive

Infographic: All the Presidents’ Home Prices

There have been nine U.S. presidents since the National Association of Realtors® began its comprehensive reporting of home sales data in 1968. The country and the typical cost to buy a home have changed a lot. To celebrate President’s...
February 17, 2017

Large Metro Areas Seeing Hefty Home-Price Gains

At a pace of 5.7 percent, home-price growth quickened in the final three months of 2016 (5.4 percent in the third quarter) amidst severe supply shortages in much of the U.S. Looking at some of the year-over-year gains in...
February 15, 2017

Super Bowl LI: New England’s Higher Home Prices vs. Atlanta’s Faster Price Growth

Super Bowl Sunday is almost here: the New England Patriots (a shocker to nobody) vs. the Atlanta Falcons. Last month we looked at who would be the this year’s champion if the winner was determined based on the home price...

Instant Reaction: January Jobs Report

The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s U.S Bureau of Labor Statistics’ (BLS) January jobs report: “Job growth is critical in a rising interest rate environment. Every 10 basis point rise in mortgage rates can...

Instant Reaction: Q4 GDP Report

The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s U.S. Department of Commerce report on Gross Domestic Product (GDP) in the fourth quarter of 2016: “The economic growth of 1.9% in the final quarter was again...

Existing-Home Sales Dip in December

A dip in existing sales activity in December (2.8 percent) was not enough to keep 2016 from being the strongest year of sales (5.45 million) in exactly a decade. During this morning’s press conference, Lawrence Yun, NAR chief economist,...
January 24, 2017

Tracking Single-family Home Prices at Inaugurations since 1969

Presidents always promise their version of change once they enter office. One thing that has definitely changed in the past five decades is home prices. NAR began collecting existing-home sales and price data back in 1968. In those 49...

Instant Reaction: December Housing Starts

The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s U.S. Commerce Department report on December residential construction: “Let’s hope the rising trend in new home construction continues throughout 2017. As evidenced by the brisk pace of...

Predicting the Winner of Super Bowl LI

The second round of the NFL playoffs kicks off this weekend with some very intriguing match-ups. Last fall we looked at who would be the World Series champion if the winner was determined based on the home price movements of...

Instant Reaction: December Jobs Report

The following is NAR Chief Economist Lawrence Yun’s reaction to today’s December jobs report from the U.S. Bureau of Labor Statistics. 156,000 jobs were created last month and wages meaningfully increased 2.9 percent year-over-year. “The top figure of net...