Author Archive

NAR Leads the Dialogue on Sustainability, Develops Resource Guide

As the real estate sustainability movement continues to grow, the National Association of Realtors® is proud to introduce the Sustainability Resource Guide, a resource especially created for associations and members to positively impact business practices.  NAR research shows real...
August 14, 2018

Instant Reaction: July 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 July: The economy is rolling along and jobs are being created. Though the latest monthly...
August 3, 2018

Existing-Home Sales Subside 0.6 Percent in June

Existing-home sales decreased for the third straight month in June, falling 0.6 percent to 5.38 million sales as declines in the South and West exceeded sales gains in the Northeast and Midwest, according to the National Association of REALTORS®....

Instant Reaction: June 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 June: “A total of 213,000 net new jobs in June and 2.4 million over the past...

Pending Home Sales See Modest Decrease in May

Pending home sales inched back 0.5 percent in May, falling on an annualized basis for the fifth straight month, according to NAR.  A decline in contract activity in the South offset gains in the Northeast, Midwest and West. Lawrence...
June 27, 2018

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 (BLS) report on the employment situation in May: “Housing demand will be supported by the continuing job gains even as mortgage rates rise....

Pending Home Sales Fall in April, Third Lowest Level Since 2017

After modest increases in February and March, pending home sales dipped in April to their third-lowest level over the past year, according to NAR. The Pending Home Sales Index declined 1.3 percent to 106.4 in April from an upwardly...

Instant Reaction: S&P/Case-Shiller March Home Prices

The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s S&P/Case-Shiller release on March home prices: “The solid gain home prices of 6.5% in March added roughly $150 billion to housing wealth during the month. But the continuing run-up...
May 29, 2018

FEMA Officials, Realtors® Participate in Dialogue on National Flood Insurance Program

David Stearrett, director of the Office of the Flood Insurance Advocate at the Federal Emergency Management Administration, led a panel discussion with fellow FEMA staff today at the REALTORS® Legislative Meetings & Trade Expo. The panel focused on the...

Pending Home Sales Increase 0.4 Percent in March, Inventory Restraints Remain

The Pending Home Sales Index inched up 0.4 percent to 107.6 in March from a downwardly revised 107.2 in February. Even with last month’s increase in activity, the index declined year-over-year (3.0 percent) for the third straight month. Lawrence Yun,...
April 30, 2018