real estate Archive

Highlights from Lawrence Yun’s #NAREE17 Housing Forecast Presentation

The economic and housing forecast panel at the annual National Association of Real Estate Editors (NAREE) spring conference is always one of the most interesting and engaging sessions during the week. This year’s session in Denver did not disappoint....

Instant Reaction: May Housing Starts

The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s U.S. Commerce Department report on the dip in residential construction in May: “Housing shortages look to intensify and may well turn into a housing emergency if the...

Instant Reaction: Lawrence Yun on Today’s FOMC Statement

Below is the following statement from NAR Chief Economist Lawrence Yun on the Federal Reserve’s decision today to hike short-term interest rates: “The latest rate hike is partly justified from ongoing economic expansion and also a steadily falling unemployment...

Leaping Over the Hurdles to Homeownership

What can be done to ensure creditworthy households today and in the future have the opportunity to experience the personal and financial benefits of owning a home? That was the question on the minds of those in a packed...

This Friday’s Sustainable Homeownership Conference: Five Hurdles to Buying a Home

This Friday in celebration of National Homeownership Month, NAR President William E. Brown, NAR Chief Economist Dr. Lawrence Yun and Berkeley Hass Real Estate Group Chair Ken Rosen lead an impressive list of notable speakers at NAR’s Sustainable Homeownership Conference at...

Instant Reaction: May 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 May: “Although  job gains in May were on the soft side (138,000), the annual figure has been fairly consistent at...

Contract Activity Declines for Second Straight Month in April

The “double-whammy” of severely inadequate inventory conditions and home prices far outpacing incomes caused contract signings to slide last month. I sat down with NAR Chief Economist Lawrence Yun to discuss the reasoning behind the pending sales slowdown, what...

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...

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...