housing market Archive

Instant Reaction: Lawrence Yun on Today’s FOMC Statement

The following is NAR Chief Economist Lawrence Yun’s reaction to today’s Federal Reserve decision to raise interest rates: “The era of super-low mortgage rates is over and consumers will face higher interest rates over the next two years. Another...
September 26, 2018

Instant Reaction: July Jobs Report

The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s U.S. Bureau of Labor Statistics (BLS) report on the employment situation in July: The economy is rolling along and jobs are being created. Though the latest monthly...
August 3, 2018

FEMA Officials, Realtors® Participate in Dialogue on National Flood Insurance Program

David Stearrett, director of the Office of the Flood Insurance Advocate at the Federal Emergency Management Administration, led a panel discussion with fellow FEMA staff today at the REALTORS® Legislative Meetings & Trade Expo. The panel focused on the...

Instant Reaction: Q1 GDP

The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s U.S. Commerce Department report on Q1 GDP: “The continuing economic expansion assures further job creations and household formations. However, the latest GDP growth rate (of 2.3%) is short of...
April 27, 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

Instant Reaction: December Housing Starts

The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s U.S. Commerce Department release on residential construction in December: “The latest decline in the volatile housing starts data is disappointing, but surely not lasting. New home construction...

2017 in Review: Housing Market Superlatives

The calendar may have turned to 2018 yesterday, but with one month of 2017 data remaining, here’s a look at some of the top housing highlights from last year: Strongest existing-home sales pace November: 5.81 million Slowest existing-home sales...