Inside the Release Archive

Existing-Home Sales Hit Rough Patch in February

Talk to a Realtor® in much of the country right now and they’ll all echo a similar narrative: homes are selling quickly because there are not enough listings on the market. It’s why existing sales stumbled in February and price...

2017 NAR Generational Survey: It’s Not All About the Millennials

There’s been a lot of hyperbole surrounding the housing wants and needs of millennials in recent years. Do they want to rent forever? No. Are they buying homes in the suburbs? Yes. Are they aware of the many low...

January Existing-Home Sales: A Nice Start to the Year

Mortgage rates have shot up 38 basis points since last November’s cyclical existing sales peak of 5.60 million. One would think that would translate into a dip in sales activity at the beginning of 2017. Today’s report shows that...
February 22, 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

Animal House! A New Report on Pets and Remodeling

According to a new report from the National Association of REALTORS®, a majority of Americans take their pets’ needs into account when making decisions about buying, selling or renovating their homes. The 2017 Animal House: Remodeling Impact report discussed the importance that...
February 13, 2017

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

November Existing-Home Sales: The Streak Continues

The headline of this post may lead you to believe that existing-home sales were up again in November for the third straight month. That is indeed true. However, “the streak” I’m referring to is the remarkable fact that existing-sales...
December 21, 2016

2017: Expect Higher Mortgage Rates, Slightly More Sales

2016 was a great year for the housing market. Existing-home sales are currently (as of October) at their strongest pace since February 2009, distressed sales reached an all-time low earlier this fall and first-time buyers finally gained some traction...
December 14, 2016

October Pending Sales Up Slightly. What About the Rest of the Year?

Last month, pending home sales eked out a small gain (0.1 percent). More notably, NAR Research’s index was 1.8 percent higher than a year ago and was up year-over-year in all four major regions. But… A lot has happened since...
November 30, 2016

Instant Reaction: October Housing Starts

The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s U.S. Commerce Department’s October report on residential construction: “Housing starts soaring past the 1.3 million mark for the first time since 2007 is big and welcoming news....
November 17, 2016