existing-home sales Archive

WATCH: Realtors® November Housing Minute

Existing-home sales and contract signings saw strong gains in October, but both remained below year ago levels because of the persistent supply and affordability barriers in much of the country. Watch above, or visit https://www.nar.realtor/videos/housing-minute to view a 56-second,...
November 30, 2017

NAR’s 2018 Housing and Economic Forecast

NAR Chief Economist Lawrence Yun presented his 2018 economic and housing forecast this morning here at the 2017 Realtors® Conference and Expo in Chicago. Yun expects existing-home sales to rise 3.7 percent next year. However, there are some caveats. Low...
November 3, 2017

August Housing Market Activity in One Minute

Looking for a quick recap of housing activity reported this month by NAR Research? Look no further than September Housing Minute, our animated video series highlighting key data in under one minute. Visit https://www.nar.realtor/videos/housing-minute to watch all Housing Minute videos since...
September 28, 2017

An Animated Recap of July Housing Activity

Existing-home sales and contract signings both stumbled in July as stubbornly low levels hampered the housing market and kept home prices rising at a robust pace. Visit https://www.nar.realtor/videos/housing-minute to watch a 53-second, animated video from the National Association of...

Inventory Crunch Stalls Sales in July

It came very apparent when looking at NAR’s Pending Home Sales Index that tight inventory conditions were weighing down on contract activity this spring and early summer. The three month decline in pending sales from March to May has now...

Instant Reaction: July Housing Starts

Below is NAR Chief Economist Lawrence Yun’s reaction to this morning’s U.S. Commerce report on July housing starts: “The housing shortage in America will intensify if new construction remains as lackluster as it was in July. The softening multifamily housing starts...

WATCH: July Housing Minute

  Homes continued to sell quickly in June, but the lean inventory levels in many markets caused existing-home sales to shift downward. The news was better for pending home sales, as contract activity increased last month for the first...

Low Inventory Is Pushing Prices Up and Days on Market Down

Existing-homes rebounded nicely in May as more buyers navigated the headwinds of weaker affordability and limited listings in the affordable price range. It’s very evident that supply this spring severely lags demand in many parts of the country. It’s...

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...