Author Archive

Realtors® statement on House vote to extend flood insurance

National Association of Realtors® President Elizabeth Mendenhall released the following statement after today’s U.S. House vote on legislation extending flood insurance funding: “Flooding is the most common and costly natural disaster in the United States. Without an extension of authority, the National Flood...

Existing-Home Sales Backpedal in May

Existing-home sales fell back in May for the second straight month; sales fell 0.4 percent to seasonally adjusted annual rate of 5.43 million in May from a downwardly revised 5.45 million in April. Lawrence Yun, NAR chief economist, says a...

Instant Reaction: May Housing Starts

The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s release from the U.S. Commerce Department on May new home construction: “New home construction activity soared to its highest level in over a decade, which is fantastic...

Infographic: Baby Boomers are Housing Market Movers

In recent years, baby boomers have been active in the housing market, coming in at a close second to millennials as the largest generation of home buyers, while home prices have remained high and inventory conditions tightened. The National Association...
June 14, 2018

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 still in the middle innings of rising interest rates; consumers should expect another three or four rounds of interest...

What to expect at next week’s REALTORS® Legislative Meetings & Trade Expo

The start of NAR’s annual REALTORS® Legislative Meetings & Trade Expo in D.C. is less than a week away. More than 9,000 Realtors®  and guests will arrive in Washington, D.C. starting May 14 to hear from industry experts on the most important issues...

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 (BLS) report on the employment situation in April: “Another month of job additions implies more households  are in a position to buy...

International Women’s Day: Women in Real Estate

Today is International Women’s Day, a day to celebrate the social, economic, cultural and political achievement of women around the globe. To mark the occasion, here is a look at women in real estate. The typical REALTOR® – a...
March 8, 2018

Impact of aluminum, steel tariffs on residential real estate

Following is a statement from National Association of Realtors® Chief Economist Lawrence Yun on the proposal to impose tariffs on steel and aluminum and the potential impact on residential real estate: “International trade requires reciprocal understanding of mutual interests. Trade has...

Realtors® win pro-real estate provisions in budget deal

The federal budget deal passed by Congress and now on its way to the President’s desk contains a number of wins for real estate, including a temporary extension of federal flood insurance and extension of several National Association of...