Items Tagged with 'NAR'

ARTICLES

Pending home sales surge to 10-year high

Seller's market overcomes industry roadblocks
Despite tight inventory and affordability concerns, Pending home sales still increased for the third consecutive month in April, surging to the highest level in over a decade. Here's why Lawrence Yun, National Association of Realtors' chief economist, said sales are beating the odds.
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Existing home sales manage to increase two months straight

Overcomes low inventory, rising home prices
Last month's existing home sales marked a real rebound in sales after choppiness in activity this year from unevenness in the rate of new listings coming onto the market. Turns out, existing homes sales managed to do it again, moving higher for the second consecutive month despite rising home prices and low housing inventory.
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[Infographic] Here’s what today’s Realtor looks like

Lots of new faces
There are nearly 1.2 million Realtors in the workforce, with more people opting into the real estate profession this year than in the past. Some of the demographic trends typical of Realtors over the years are still present, but there are a few new trends starting to take off as well.
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Despite odds, existing-home sales on track to best year in a decade

NAR forecast for 2016
The positive recent news for existing-home sales is predicted to last through the whole year, meaning 2016 could the best year in a decade. Lawrence Yun, chief economist of the National Association of Realtors, presented his strong outlook for 2016 at this year's Realtors Legislative Meetings & Trade Expo. Here's more of why Yun is so bullish.
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Pending-home sales beat expectations

Gives positive outlook for spring home-buying season
After a disappointing winter season, the industry is looking to the spring to make up for some of the loss. The latest news in the National Association of Realtors’ pending-home sales report outlines what parts of the country are benefitting the most.
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Existing-home sales start 2016 at a six-month high

Housing inventory down 2.2% from last year
While existing-home sales started the year off at the highest annual rate in six months, a lack of housing supply continues to hamper growth. Spring is less than a month away, and total housing inventory is 2.2% lower than a year ago.
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NAR: Inventory shortages push homeownership further out of reach

And it’s not going away anytime soon
A lack of housing inventory continues to stifle the housing market, making it difficult for potential homeowners to get on the property ladder. And according to the latest quarterly report from the National Association of Realtors, the problem is not going to subside anytime soon, impacting more than first-time homebuyers.
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