housing affordability Archive

Pending Home Sales Increase 0.4 Percent in March, Inventory Restraints Remain

The Pending Home Sales Index inched up 0.4 percent to 107.6 in March from a downwardly revised 107.2 in February. Even with last month’s increase in activity, the index declined year-over-year (3.0 percent) for the third straight month. Lawrence Yun,...
April 30, 2018

Existing Home Sales Grew Slightly in March; Supply Shortage Continues

After two straight months of declines, existing home sales climbed 1.1 percent in March but it was a familiar story as low inventory and high prices kept sales activity to a level lower than a year ago, according to...
April 23, 2018

Home Prices at All-Time High in 63 Percent of Metro Areas

We reported yesterday that single-family home prices rose in 92 percent of NAR’s measured markets during the final three months of 2017. Add the 5.3 percent price growth overall last year, and the cumulative price gain nationally since 2011 is...
February 14, 2018

The Anatomy of a First-time Buyer in 2017

Prospective first-time buyers in recent years have had to navigate several obstacles on their path to homeownership, including higher rents and home prices, tight inventory conditions and repaying student loan debt. These impediments are a big reason why first-timers...
November 14, 2017

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

Leaping Over the Hurdles to Homeownership

What can be done to ensure creditworthy households today and in the future have the opportunity to experience the personal and financial benefits of owning a home? That was the question on the minds of those in a packed...

Affordable Homeownership in Spotlight at “Housing for All” Symposium

More than a half million people experience homelessness in America on any given night, and the National Association of Realtors® is looking for ways to help. NAR brought housing experts together with real estate professionals this week to address...
July 20, 2016

Lawrence Yun Leads Housing Panel at NAREE

Over 200 real estate journalists and industry pros came to muggy New Orleans this week for the 50th annual National Association of Real Estate Editors (NAREE) conference. Attendees heard from real estate experts and economists on a plethora of timely...

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...

Fastest Growing Markets in the Fourth Quarter of 2015

Rising sales and home prices typically coincide with each other. That was not the case in the final three months of 2015. Despite slightly cooling demand from earlier in the year that caused sales to decline (5.4 percent) from...
February 10, 2016