real estate Archive

NAR Midyear Forecast: Existing Sales Up 3.5 Percent

One of the most well-attended forums at the annual REALTORS® Legislative Meetings & Trade Expo is the Thursday morning housing and economic forecast headlined by NAR Chief Economist Lawrence Yun. This morning’s all-star trifecta of speakers did not disappoint. Yun was...

Instant Reaction: April Housing Starts

The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s U.S. Commerce Department report on April residential construction:  “With housing starts declining in April, inventory shortages will continue for a longer period of time. The intensifying housing...

This Week: The REALTORS® Legislative Meetings & Trade Expo

Washington’s airports and roadways are beginning to jam up more than usual starting today as nearly 10,000 Realtors® descend upon the nation’s capital for the 2017 REALTORS® Legislative Meetings & Trade Expo at the Marriott Wardman Park. There are a...

Low Inventory Spurs Faster Price Growth in First Quarter

It’s no surprise today’s first quarter metro price report revealed that prices accelerated for the third straight quarter. That’s what happens when sales are strong and inventories remain near record lows. What is amazing is just how fast some metro...

Looking at Mexican Buyers of U.S. Property on Cindo de Mayo

Cinco de Mayo recognizes the Mexican army’s triumph over France at the Battle of Puebla on May 5, 1862. While today gives us a chance to celebrate Mexican culture here in the U.S., many of our Mexican friends own...

Instant Reaction: April Jobs Report

The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s U.S. Bureau of Labor Statistics jobs report for April: “This good jobs report for April should dispel any notion of a potential economic recession. Moreover, the continuing low...

Instant Reaction: Lawrence Yun on Today’s FOMC Announcement

Below is the following statement from NAR Chief Economist Lawrence Yun on the Federal Reserve’s decision today to stand pat on raising short-term rates: “Today’s FOMC decision is only a short-term, temporary pause. With no change in monetary policy, mortgage...

WATCH: Lawrence Yun Discusses March Pending Sales, Inventory and Lumber

After last week’s report of a solid 4.4 percent jump in existing-home sales in March, signed contracts to purchase homes split the other way, inching backward 0.8 percent. The reason, according to NAR Chief Economist Lawrence Yun, is simple:...

Instant Reaction: March Housing Starts

The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s U.S. Commerce Department report on March residential construction: “A major housing shortage exists in this country. It is therefore disappointing to witness in March the continued lackluster...

Instant Reaction: March Jobs Report

The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s U.S. Bureau of Labor Statistics’ report on employment conditions in March: “The soft hiring seen in March is not too concerning and likely a single month aberration....