Items Tagged with 'Lawrence Yun'


  • NAR: Pending home sales fall for eighth consecutive month

    Pending Home Sales Index falls 1.8% in August
    Pending home sales have now fallen on an annual basis for eight consecutive months as of August, according to the latest report from the National Association of Realtors. NAR Chief Economist Lawrence Yun said that low inventory continues to contribute to the housing market slowdown.
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  • Existing home sales crawl at slowest pace in two years

    Western region only major region to see uptick
    Existing home sales decreased for the fourth consecutive month in July, marking the slowest pace in growth during the last two years, according to the latest report from the National Association of Realtors. NAR Chief Economist Lawrence Yun said the continuous solid gains in home prices have now steadily reduced homebuyer demand.
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  • NAR: Home prices soar to all-time high

    Affordability becoming a distant memory for today's homebuyers
    According to research from National Association of Realtors, second quarter home prices soared to an all-time high. The national median existing single-family home price in Q2 was $269,000, up 5.3% year-over-year and surpassing last year’s Q2 as the new peak.
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  • From HW Magazine

    Foreign Money: What impact are foreign buyers having on U.S. real estate?

    Foreign buyers of U.S. residential property increased spending in 2017's first quarter by 50%
    Despite rising home prices and a stronger U.S. dollar, foreign buyer transactions in the United States had increased dramatically from a year ago — by almost 50%, in fact. In a housing market restrained by tight inventory, what impact are those buyers having on U.S. real estate?
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  • What's in store for housing in 2017?

    The National Association of Realtors answers, gives forecast for next year
    Low housing inventory levels plagued the market last year, and it's still not over. So will next year bring better news or more houses on the market? The National Association of Realtors gave its forecast for next year at the 2016 Realtors Conference & Expo. The forecast, while not likely to solve all the shortage problems, is still positive.
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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 barely increase, driven by surge in the Northeast

    There’s a silver lining for potential homebuyers
    After a series of declines, pending home sales, while small, posted a slight increase, largely fueled by a surge in the Northeast. On the positive side, NAR’s chief economist, said that the silver lining from the market turmoil in recent weeks is the fact that mortgage rates have stayed low.
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