inventory Archive

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...

Existing-Home Sales Dip in December

A dip in existing sales activity in December (2.8 percent) was not enough to keep 2016 from being the strongest year of sales (5.45 million) in exactly a decade. During this morning’s press conference, Lawrence Yun, NAR chief economist,...
January 24, 2017

October Pending Sales Up Slightly. What About the Rest of the Year?

Last month, pending home sales eked out a small gain (0.1 percent). More notably, NAR Research’s index was 1.8 percent higher than a year ago and was up year-over-year in all four major regions. But… A lot has happened since...
November 30, 2016

Existing-Home Sales in October: Highest Pace in Nearly a Decade

The housing market has indeed awakened from its summer slumber. Existing-home sales posted a 2 percent monthly gain in October and are now 5.9 percent higher than a year ago. Even more impressive? At a 5.60 million annualized sales pace,...
November 22, 2016

NAR’s 2017 Housing Forecast: Sales, First-time Buyers on the Rise

This morning at the 2016 REALTORS® Conference & Expo, NAR Chief Economist Lawrence Yun presented his 2017 housing and economic forecast. He was joined by Dennis Lockhart, president and CEO of the Federal Reserve Bank of Atlanta. Read the full...

Blame Low Inventory and Higher Home Prices for August’s Existing-Home Sales Slide

Existing sales fell in August to their second-lowest pace of 2016 (5.33 million). But don’t let the down sales number fool you. This is a very active housing market. Properties in August typically sold 10 days quicker than a...
September 22, 2016

Your City Is Most Likely Facing a Housing Supply Crunch

Total housing inventory for existing homes has decreased year-over-year for 14 straight months. The situation isn’t much better for the new homes market. According to this morning’s report by the U.S. Commerce Department on August housing starts, building last month...
September 20, 2016

Pending Home Sales Tick Up in June

The anticipated boost of more buyers signing the dotted line did not come to fruition in June despite mortgage rates near all-time lows. Pulled higher mostly by a solid rise in the Northeast, pending home sales last month only squeaked...

Existing-Home Sales Keep Climbing…Can It Last?

This morning we reported that existing-home sales increased in June (1.1 percent) for the fourth straight month and remained at their highest annual sales pace since February 2007 (5.79 million). Almost every nook and cranny inside the data shows that it...

May Existing-Home Sales Recap: It’s a Repeat Buyers Market

The good news keeps on coming for the housing market this spring, especially if you’re already a homeowner looking to trade-up or downsize. Existing-home sales grew 1.8 percent last month to their highest annualized sales pace (5.53 million) since...