housing Archive

Existing Home Sales Grew Slightly in March; Supply Shortage Continues

After two straight months of declines, existing home sales climbed 1.1 percent in March but it was a familiar story as low inventory and high prices kept sales activity to a level lower than a year ago, according to...
April 23, 2018

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: 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 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

Sunday’s Football Rematch: A Tale of Two Cities’ Home Prices Since 2005

The New England Patriots and Philadelphia Eagles have had two weeks to rest, strategize and get pumped up for Sunday’s big game in Minneapolis. Here’s a look at how home prices have moved from the last time – in...

Instant Reaction: January Jobs Report

The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s U.S. Bureau of Labor Statistics report on January employment conditions: “The best news from the January jobs report is accelerating wages, which rose 2.9% from a year ago. The...

[Infographic] Forecasting a Shadow: Groundhog Day and Real Estate

Winter lovers and haters come together on the second day of February every year to see Punxsutawney Phil climb out of his hole and cast his prediction for how much longer before the snow and ice slowly makes way...

Instant Reaction: Lawrence Yun on Today’s FOMC Statement and 2018 Outlook for Mortgage Rates

The following is NAR Chief Economist Lawrence Yun’s reaction to the Federal Reserve’s decision today not to raise short-term rates, as well as how monetary policy the rest of the year will influence mortgage rates: “The Fed will not be on...