Author Archive

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 (BLS) report on the employment situation in March: “The March jobs report was a bit soft, and first quarter GDP growth rate...

WATCH: Realtors® March Housing Minute

Existing-home sales and contract signings both experienced meaningful increases in February despite higher mortgage rates, rising home prices and subpar supply levels in much of the country. Visit https://www.nar.realtor/videos/housing-minute to watch a 60-second, animated video from the National Association...

Instant Reaction: Lawrence Yun on Today’s FOMC Statement

The following is NAR Chief Economist Lawrence Yun’s reaction to the Federal Reserve’s decision today to raise short-term interest rates: “We are in the middle innings of monetary policy normalization. Interest rates that the Fed directly controls – the federal...

Instant Reaction: February Housing Starts

The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s U.S. Commerce Department report on residential construction in February: “The fall in housing starts in February is a movement in the wrong direction. The key to economic...

Submit Your 2018 Men’s and Women’s #REALTORBrackets

Can you play ball with NAR President Elizabeth Mendenhall? The NCAA Division I men’s and women’s basketball tournament is set to begin this week. It looks like it will be another March Madness full of surprising upsets and nail-biting...
March 12, 2018

Instant Reaction: February Jobs Report

The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s U.S. Bureau of Labor Statistics release on employment conditions in February: “The strong job growth assures at least three interest rates hikes by the Federal Reserve in...

NAR President Elizabeth Mendenhall on HUD’s Potential Changes to its Mission Statement

The following is a statement from NAR President Elizabeth Mendenhall regarding the Department of Housing and Urban Development’s potential plans to remove anti-discrimination language from its current mission statement: “As Realtors® join with our industry partners, allies and consumers throughout 2018...

WATCH: Realtors® February Housing Minute

Despite stronger buyer interest in most of the country, extremely tight inventory conditions and weakening affordability caused both existing-home sales and pending sales to decline in January. Watch below or visit https://www.nar.realtor/videos/housing-minute to watch a 60-second, animated video from...
February 28, 2018

NAR President Elizabeth Mendenhall to USA Today: Homeownership Is a Good Financial Investment

The following is a submitted Letter to the Editor by NAR President Elizabeth Mendenhall addressing the highly debatable claim made last week by a USA Today guest columnist that homeownership is a lousy investment. This letter to the editor...
February 27, 2018

Instant Reaction: January Housing Starts

The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s release from the U.S. Commerce Department on January new home construction: “Terrific news on housing starts in January with a solid 10% gain. This rise in single-family...
February 16, 2018