housing inventory Archive

Instant Reaction: February Housing Starts

The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s U.S. Commerce Department report on residential construction in February: “The fall in housing starts in February is a movement in the wrong direction. The key to economic...

WATCH: Realtors® February Housing Minute

Despite stronger buyer interest in most of the country, extremely tight inventory conditions and weakening affordability caused both existing-home sales and pending sales to decline in January. Watch below or visit https://www.nar.realtor/videos/housing-minute to watch a 60-second, animated video from...
February 28, 2018

Instant Reaction: S&P/Case-Shiller September Home Prices

The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s S&P/Case-Shiller release on September home prices: “Home prices, after multiple years of fast growth, still show no signs of cooling because of the ongoing housing shortage in much...
November 28, 2017

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...

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...

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...

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...

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...

LISTEN: Lawrence Yun Talks Housing Inventory, Prices (WSJ)

Earlier this morning, NAR chief economist Lawrence Yun chatted with The Wall Street Journal’s John Wordock about the headline figures for October existing-home sales. During the six-minute podcast interview, Yun discusses the current state of the market, including his...
November 23, 2015

ICYMI: Lawrence Yun Live Housing Forecast

The sun is out, it’s warm and you have a July 4th weekend to plan. We’ll give you the benefit of the doubt if you missed NAR chief economist Lawrence Yun’s second half, live forecast this morning. Here are...