home prices Archive

An Early Summer Cooldown for Housing

The 1.8 percent decline in existing-home sales in June should come as no surprise if you closely follow NAR’s Pending Home Sales Index, which have declined for three straight months. Activity has been weaker lately because prospective buyers continue...

Bringing the Heat: the MLB All-Star Game and Miami’s Housing Market

Baseball’s best stars gather at Marlins Park in Miami tonight for the 88th MLB All-Star Game. Similar to the heat coming out of pitchers’ hands and off the bats of the game’s best hitters, Miami’s housing market is hot right now....

Introducing Housing Minute

Before you all venture off to celebrate the Fourth of July weekend, take a look at our new monthly video series, Housing Minute. Housing Minute uses animated video to highlight in under one minute the most important housing data...

Low Inventory Is Pushing Prices Up and Days on Market Down

Existing-homes rebounded nicely in May as more buyers navigated the headwinds of weaker affordability and limited listings in the affordable price range. It’s very evident that supply this spring severely lags demand in many parts of the country. It’s...

Highlights from Lawrence Yun’s #NAREE17 Housing Forecast Presentation

The economic and housing forecast panel at the annual National Association of Real Estate Editors (NAREE) spring conference is always one of the most interesting and engaging sessions during the week. This year’s session in Denver did not disappoint....

Existing-Home Sales Cooled in April

Home sales in April (-2.3 percent) could not keep up with the notable upswing seen in March (4.2 percent). It seems that we keep singing the same old tune every month about there not being enough inventory to satisfy...

WATCH: Lawrence Yun Discusses March Pending Sales, Inventory and Lumber

After last week’s report of a solid 4.4 percent jump in existing-home sales in March, signed contracts to purchase homes split the other way, inching backward 0.8 percent. The reason, according to NAR Chief Economist Lawrence Yun, is simple:...

Home Sales Spiked in March…and Sold Fast

An abnormally warm winter, strong consumer confidence and robust underlying demand ended up being the perfect formula to push existing-home sales in March to their highest pace in over 10 years. More notably, despite the fact that supply is...

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...

Buy Where the Baseballs Fly in March

Wouldn’t it be better to pull your muscle attempting to catch a foul ball instead of shoveling a foot of snow? Knowing there are 13 spring training baseball games being played across the state of Florida and in the...