mortgage rates Archive

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

Lawrence Yun on Housing and the Economy in 2017

It’s hard to believe 2016 is coming to an end. Three things rose over the past year: mortgage rates, existing-home sales and home prices. What’s in store for 2017? Watch my discussion from earlier this week with NAR Chief...
December 29, 2016

Instant Reaction: Lawrence Yun on Today’s FOMC Decision

Below is NAR Chief Economist Lawrence Yun’s immediate reaction to the Federal Open Market Committee’s (FOMC) announcement this afternoon that it’s raising its benchmark interest rate for the first time in 2016: “The era of ultra-low interest rates is...
December 14, 2016

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

This Year’s Spring Market: Better than Expected

The data emphatically shows the housing market keeps on getting stronger this spring. After last week’s report on existing-home sales rising 1.7 percent in April, we announced this morning that pending home sales (signed contracts) last month jumped 5.1 percent...

March Pending Home Sales Recap: The Wild West

The chart above likely means two completely different things if you’re a homeowner in the West compared to a prospective buyer. It was reported in yesterday’s release of March Pending Home Sales that last month’s increase signaled a solid...

ICYMI: Lawrence Yun’s Live Appearance on C-SPAN

At the beginning of every year, NAR is looked upon to provide insightful commentary and accurate forecasting on what to expect for the housing market and economy. Yesterday morning, NAR chief economist Lawrence Yun joined C-SPAN’s Washington Journal to share his...