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...
NAR Report Shows Share of Millennial Home Buyers Continues to Rise
WASHINGTON (March 23, 2022) – The share of millennial home buyers increased significantly over the past year. They are also the most likely generation to use the internet to find the home they ultimately...
INSTANT REACTIONS: Jobs
March 4, 2022By: Lawrence YunPayroll job gains of 678,000 imply a move away from an easy monetary policy and a focus on containing inflation. The Federal Reserve will be raising interest rates this month...
Biggest Homebuying Deal Breakers
The housing market remains competitive, but not to the point where home shoppers will overlook some kinds of flaws in a home. Exterior issues, like bad siding or loose bricks, and weatherproofing issues are...
