home prices Archive

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...

May Existing-Home Sales Recap: It’s a Repeat Buyers Market

The good news keeps on coming for the housing market this spring, especially if you’re already a homeowner looking to trade-up or downsize. Existing-home sales grew 1.8 percent last month to their highest annualized sales pace (5.53 million) since...

April Was a Good Month for the Housing Market

Earlier today, NAR reported that driven by a huge increase in the Midwest (12.1 percent), existing-home sales in April rose 1.7 percent to a seasonally adjusted rate of 5.45 million. Compared to a year ago, sales are up 6.0 percent. It’s...

ICYMI: Recapping the News from the 2016 REALTORS® Legislative Meetings & Trade Expo

It was a memorable 2016 REALTORS® Legislative Meetings & Trade Expo for the over 8,500 Realtors® in attendance and plethora of NAR staff members working vigorously to ensure the meetings went on without a hitch. For the Media Team, last week was...
May 16, 2016

Inside the Release: Dissecting Where Sales Were the Strongest in March

What goes down must go up, right? That was the case in March as existing-home sales rebounded strongly (5.1 percent) following February’s surprisingly large decline. Diving into the numbers, while all four major regions saw increases, buyers in the...

Today’s Opening Day Matchups in Home Prices

No matter what the calendar says or how warm it is outside, spring doesn’t officially begin until Major League Baseball’s (MLB) regular season gets underway. That’s today. For many sports enthusiasts, MLB’s Opening Day rivals up there as one...

In Which Direction Will Sales Swing This Spring?

Is today’s solid report on February contract signings a harbinger of a strong spring for the housing market? It could be. Pending home sales rose solidly last month (3.5%) to the highest index reading since last July (109.8). The decent...

Behind February’s Meaningful Sales Decline

Existing-home sales disappointed last month, declining 7.1 percent with considerable decreases in all four major regions of the country. Despite last month’s fall, sales were still up 2.2 percent from February 2015. However, as Lawrence Yun, NAR chief economist,...