home prices Archive

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...

Instant Reaction: S&P/Case-Shiller Index

The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s S&P/Case-Shiller index national home-price index reading for December: “Rising mortgage rates should not be boosting home prices, yet home values accelerated with a 5.8% annual gain in December...
February 28, 2017

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...

Infographic: Groundhog Day and Real Estate

Can a groundhog and his shadow predict the strength of the housing market? Here is what happened the past 20 years in real estate when Punxsutawney Phil climbed out of his hole; does seeing his shadow extend to real...
February 1, 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