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September Existing-Home Sales in Charts
If you were anywhere near the Internet yesterday, you know very well that it was “Back to the Future Day.” We even jumped in on the action, sharing on Twitter just how much real estate sales, prices...
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October Existing-Home Sales in Charts
NOTE: NAR chief economist Lawrence Yun will be interviewed live this evening at 5:15 p.m. ET on CNBC’s Rundown show. Too few homes available for sale and home prices rising too fast is to blame for...
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LISTEN: Lawrence Yun Talks Housing Inventory, Prices (WSJ)
Earlier this morning, NAR chief economist Lawrence Yun chatted with The Wall Street Journal’s John Wordock about the headline figures for October existing-home sales. During the six-minute podcast...
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Dissecting What’s Left of 2015 for the Housing Market
It’s December. Those two words are trending on Twitter this morning as many (like myself) wonder how we’re already at the final month of 2015. What has been the bright spot for you this year? For the...
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Inside the Release: November Existing-Home Sales in Charts
It wasn’t a great month of November for the housing market. Existing-home sales dropped off considerably (10.5%) last month to the slowest pace (4.76 million) in 19 months (April 2014; 4.75 million)....
View ArticleICYMI: Lawrence Yun’s Live Appearance on C-SPAN
At the beginning of every year, NAR is looked upon to provide insightful commentary and accurate forecasting on what to expect for the housing market and economy. Yesterday morning, NAR chief...
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Inside the Release: December Existing-Home Sales in Charts
What a difference a month makes. After dropping to the slowest pace since April 2014 (4.76 million), existing-home sales in December rebounded substantially, posting the best monthly increase (14.7%)...
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Recapping a Solid 2015 for Housing
The data for 2015 is now in the books after this morning’s release of December Pending Home Sales, which were up modestly (0.1 percent) because of a strong gain in the Northeast. Why the sizable...
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“NAR Newsline” Celebrates One Year Anniversary
Remember this? “Inside the Release: Dissecting January Existing-Home Sales.” The NAR Newsline team is super excited One year ago today, that headline launched a National Association of Realtors®’ Blog...
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Inside the Release: January Existing-Home Sales in Charts
In the face of global economic uncertainty and rockiness in the stock market, existing-home sales nudged forward (0.4 percent) in January to the highest annual rate (5.47 million) since last July (5.48...
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Inside the Release: Dissecting Where Sales Were the Strongest in March
What goes down must go up, right? That was the case in March as existing-home sales rebounded strongly (5.1 percent) following February’s surprisingly large decline. Diving into the numbers, while all...
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April Was a Good Month for the Housing Market
Earlier today, NAR reported that driven by a huge increase in the Midwest (12.1 percent), existing-home sales in April rose 1.7 percent to a seasonally adjusted rate of 5.45 million. Compared to a year...
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May Existing-Home Sales Recap: It’s a Repeat Buyers Market
The good news keeps on coming for the housing market this spring, especially if you’re already a homeowner looking to trade-up or downsize. Existing-home sales grew 1.8 percent last month to their...
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Existing-Home Sales Keep Climbing…Can It Last?
This morning we reported that existing-home sales increased in June (1.1 percent) for the fourth straight month and remained at their highest annual sales pace since February 2007 (5.79 million)....
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Behind July’s Existing-Home Sales Cooldown
After steadily rising for four straight months, stubbornly low inventory levels and affordability pressures caused existing-home sales to falter in July. Just how bad is the current supply situation?...
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Blame Low Inventory and Higher Home Prices for August’s Existing-Home Sales...
Existing sales fell in August to their second-lowest pace of 2016 (5.33 million). But don’t let the down sales number fool you. This is a very active housing market. Properties in August typically sold...
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First-time Buyers Experience a Revival in September
The last time sales to first-time buyers were as high as they were in September (34 percent), the number one song on the Billboard Hot 100 was “Call Me Maybe” by Carly Rae Jepson. That was back in June...
View ArticleInstant Reaction: October Housing Starts
The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s U.S. Commerce Department’s October report on residential construction: “Housing starts soaring past the 1.3 million mark...
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Existing-Home Sales in October: Highest Pace in Nearly a Decade
The housing market has indeed awakened from its summer slumber. Existing-home sales posted a 2 percent monthly gain in October and are now 5.9 percent higher than a year ago. Even more impressive? At a...
View Article2017: Expect Higher Mortgage Rates, Slightly More Sales
2016 was a great year for the housing market. Existing-home sales are currently (as of October) at their strongest pace since February 2009, distressed sales reached an all-time low earlier this fall...
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