home prices Archive

NAR’s 2017 Housing Forecast: Sales, First-time Buyers on the Rise

This morning at the 2016 REALTORS® Conference & Expo, NAR Chief Economist Lawrence Yun presented his 2017 housing and economic forecast. He was joined by Dennis Lockhart, president and CEO of the Federal Reserve Bank of Atlanta. Read the full...

The World Series Winner Is…

The World Series kicks off tonight and it’s already been on heck of an October of playoff baseball. Who can forget (yours truly hasn’t) Los Angeles Dodgers left-hander Clayton Kershaw causing Washington Nationals fans to make react like this when he...

First-time Buyers Experience a Revival in September

The last time sales to first-time buyers were as high as they were in September (34 percent), the number one song on the Billboard Hot 100 was “Call Me Maybe” by Carly Rae Jepson. That was back in June...

Predicting the World Series Champion by Home-Price Movements

If the American League and National League’s wild card games are any indication, there’s no doubt we’re in for an unpredictable Major League Baseball postseason. Just as you would never consider buying or selling a home without a Realtor®,...

Blame Low Inventory and Higher Home Prices for August’s Existing-Home Sales Slide

Existing sales fell in August to their second-lowest pace of 2016 (5.33 million). But don’t let the down sales number fool you. This is a very active housing market. Properties in August typically sold 10 days quicker than a...
September 22, 2016

Behind July’s Existing-Home Sales Cooldown

After steadily rising for four straight months, stubbornly low inventory levels and affordability pressures caused existing-home sales to falter in July. Just how bad is the current supply situation? Consider the fact that we were saying a year ago...

NFL Training Camp: Home Prices Can Vary in “Home Away from Home”

Don’t look now, but summer’s heat will soon slowly subside as the days become shorter and the air crisper. In fact, signs of fall are already beginning to appear in grocery store aisles (hello, pumpkin beer) and on the gridiron. Believe...
August 11, 2016

Recap: Metro Home Prices Continue Ascent in Second Quarter

$1,085,000. That was the eye-grabbing, milestone figure highlighted in today’s NAR research release of second quarter metro home prices. For the first time ever, a metro area – San Jose, California – had a median single-family home price above $1...

Pending Home Sales Tick Up in June

The anticipated boost of more buyers signing the dotted line did not come to fruition in June despite mortgage rates near all-time lows. Pulled higher mostly by a solid rise in the Northeast, pending home sales last month only squeaked...

Existing-Home Sales Keep Climbing…Can It Last?

This morning we reported that existing-home sales increased in June (1.1 percent) for the fourth straight month and remained at their highest annual sales pace since February 2007 (5.79 million). Almost every nook and cranny inside the data shows that it...