home sales Archive

NAR 2017 Home Sales Forecast Downgraded

Blame supply and affordability headwinds and Hurricane Harvey damage in Houston for August’s 2.6 percent decline in pending home sales. In the video below, I chat with NAR Chief Economist Lawrence Yun about why sales have stalled in recent...
September 27, 2017

An Animated Recap of July Housing Activity

Existing-home sales and contract signings both stumbled in July as stubbornly low levels hampered the housing market and kept home prices rising at a robust pace. Visit https://www.nar.realtor/videos/housing-minute to watch a 53-second, animated video from the National Association of...

Inventory Crunch Stalls Sales in July

It came very apparent when looking at NAR’s Pending Home Sales Index that tight inventory conditions were weighing down on contract activity this spring and early summer. The three month decline in pending sales from March to May has now...

Instant Reaction: July Housing Starts

Below is NAR Chief Economist Lawrence Yun’s reaction to this morning’s U.S. Commerce report on July housing starts: “The housing shortage in America will intensify if new construction remains as lackluster as it was in July. The softening multifamily housing starts...

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...