Residential Real Estate Archive

WATCH: Realtors® April Housing Minute

Existing-home sales and contract signings both saw modest gains in March, even as low supply and higher mortgage rates continued to affect overall affordability. Visit https://www.nar.realtor/videos/housing-minute to watch a 56-second, animated video from the National Association of Realtors® summarizing...

Pending Home Sales Increase 0.4 Percent in March, Inventory Restraints Remain

The Pending Home Sales Index inched up 0.4 percent to 107.6 in March from a downwardly revised 107.2 in February. Even with last month’s increase in activity, the index declined year-over-year (3.0 percent) for the third straight month. Lawrence Yun,...
April 30, 2018

Instant Reaction: Q1 Homeownership Rate and S&P/Case-Shiller

The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s S&P/Case-Shiller release on February home prices: “There is no let-up to rising home prices. The Case-Shiller Index and National Association of Realtors® median home price both show gains of...
April 24, 2018

Existing Home Sales Grew Slightly in March; Supply Shortage Continues

After two straight months of declines, existing home sales climbed 1.1 percent in March but it was a familiar story as low inventory and high prices kept sales activity to a level lower than a year ago, according to...
April 23, 2018

WATCH: Realtors® March Housing Minute

Existing-home sales and contract signings both experienced meaningful increases in February despite higher mortgage rates, rising home prices and subpar supply levels in much of the country. Visit https://www.nar.realtor/videos/housing-minute to watch a 60-second, animated video from the National Association...

St. Patrick’s Day: Looking at a Market Going Green

To celebrate St. Patrick’s Day, the National Association of Realtors® is going green. Recent data has shown that Realtors® are seeing green properties and energy efficient homes becoming more popular with home buyers. According to the NAR Sustainability Survey,...
March 16, 2018

Instant Reaction: February Housing Starts

The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s U.S. Commerce Department report on residential construction in February: “The fall in housing starts in February is a movement in the wrong direction. The key to economic...

NAR President Elizabeth Mendenhall on HUD’s Potential Changes to its Mission Statement

The following is a statement from NAR President Elizabeth Mendenhall regarding the Department of Housing and Urban Development’s potential plans to remove anti-discrimination language from its current mission statement: “As Realtors® join with our industry partners, allies and consumers throughout 2018...

WATCH: Realtors® February Housing Minute

Despite stronger buyer interest in most of the country, extremely tight inventory conditions and weakening affordability caused both existing-home sales and pending sales to decline in January. Watch below or visit https://www.nar.realtor/videos/housing-minute to watch a 60-second, animated video from...
February 28, 2018

Home Prices at All-Time High in 63 Percent of Metro Areas

We reported yesterday that single-family home prices rose in 92 percent of NAR’s measured markets during the final three months of 2017. Add the 5.3 percent price growth overall last year, and the cumulative price gain nationally since 2011 is...
February 14, 2018