housing inventory Archive

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...

Taking an “Inventory” of Current Market Conditions

In advance of Monday’s release of May existing-home sales, let’s take a look at where things stand. The main story this year has been the uneven balance between supply and demand and the upward pressure it’s putting on prices....