Author Archive

Existing-Home Sales Backpedal in May

Existing-home sales fell back in May for the second straight month; sales fell 0.4 percent to seasonally adjusted annual rate of 5.43 million in May from a downwardly revised 5.45 million in April. Lawrence Yun, NAR chief economist, says a...

Instant Reaction: May Housing Starts

The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s release from the U.S. Commerce Department on May new home construction: “New home construction activity soared to its highest level in over a decade, which is fantastic...

Infographic: Baby Boomers are Housing Market Movers

In recent years, baby boomers have been active in the housing market, coming in at a close second to millennials as the largest generation of home buyers, while home prices have remained high and inventory conditions tightened. The National Association...
June 14, 2018

Instant Reaction: Lawrence Yun on Today’s FOMC Statement

The following is NAR Chief Economist Lawrence Yun’s reaction to the Federal Reserve’s decision today to raise short-term interest rates: “We are still in the middle innings of rising interest rates; consumers should expect another three or four rounds of interest...

What to expect at next week’s REALTORS® Legislative Meetings & Trade Expo

The start of NAR’s annual REALTORS® Legislative Meetings & Trade Expo in D.C. is less than a week away. More than 9,000 Realtors®  and guests will arrive in Washington, D.C. starting May 14 to hear from industry experts on the most important issues...

Instant Reaction: April Jobs Report

The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s U.S. Bureau of Labor Statistics (BLS) report on the employment situation in April: “Another month of job additions implies more households  are in a position to buy...

International Women’s Day: Women in Real Estate

Today is International Women’s Day, a day to celebrate the social, economic, cultural and political achievement of women around the globe. To mark the occasion, here is a look at women in real estate. The typical REALTOR® – a...
March 8, 2018

Impact of aluminum, steel tariffs on residential real estate

Following is a statement from National Association of Realtors® Chief Economist Lawrence Yun on the proposal to impose tariffs on steel and aluminum and the potential impact on residential real estate: “International trade requires reciprocal understanding of mutual interests. Trade has...

Realtors® win pro-real estate provisions in budget deal

The federal budget deal passed by Congress and now on its way to the President’s desk contains a number of wins for real estate, including a temporary extension of federal flood insurance and extension of several National Association of...

Realtors®: RESPA win on marketing service agreements

The U.S. Court of Appeals for the D.C. Circuit has reinstated its prior holding that payments for bona fide services provided and made at fair market value do not violate the Real Estate Settlement Procedures Act, or RESPA. This decision...