Nearly 9 in 10 Metro Areas Posted Home Price Gains in the Fourth Quarter of 2022
February 9,2023Single-family existing-home sales prices climbed in almost 90% of measured metro areas – 166 of 186 – in the fourth quarter. The national median single-family existing-home price...
Pending Home Sales Slid 4.0% in November
WASHINGTON (December 28, 2022) – Pending home sales slid for the sixth consecutive month in November, according to the National Association of REALTORS®. All four U.S. regions recorded...
Pending Home Sales Slumped 5.9% in October
WASHINGTON (November 18, 2022) – Existing-home sales retreated for the ninth straight month in October, according to the National Association of REALTORS®. All four major U.S. regions registered...
NAR’s Chief Economist Lawrence Yun Predicts US Home Prices Won’t Experience Major Decline, Could Rise Slightly in 2023 if Mortgage Rates Remain at 7%.
ORLANDO (November 11, 2022) – Amid the backdrop of high inflation, elevated mortgage rates and slowing sales activity, severely limited housing inventory will prevent large home price drops...
Instant Reaction: Inflation
October 13, 2022By: Lawrence YunInflation refuses to budge. In September, consumer prices rose by 8.2%. Rents rose by 7.2%, the highest pace in 40 years. Furthermore, rents are accelerating to higher...
NAR Chief Economist Addresses Senate Banking on State of Housing in America
WASHINGTON (July 21, 2022) – Lawrence Yun, chief economist for the National Association of Realtors®, today told the U.S. Senate Committee on Banking, Housing, and Urban Affairs that he does...
Instant Reaction Mortgage Rates: July 7, 2022
Mortgage rates plunged this week. According to Freddie Mac, the 30-year fixed mortgage rate dropped sharply by 40 basis points to 5.3 percent from 5.7 percent the previous week. As a result, home buying is...
Mortgage Interest Rates Climb Today
Today a handful of key mortgage rates climbed higher. If you haven't locked in a rate yet, see how that could affect you.A couple of principal mortgage rates rose today. 15-year fixed and 30-year fixed...
