Even with more inventory entering the market, homebuyers are struggling with elevated mortgage rates, NAR Chief Economist Lawrence Yun said, leading to fewer signed contracts. …
Posts published in “lawrence yun”
Existing-home sales slip again in April even as inventory improves
By The Citizen on May 22, 2025
Existing-home sales continued to fall in April, down 0.5 percent from March to a seasonally adjusted rate of 4 million last month, according to data…
Home prices kept rising in Q1 but fewer cities saw double-digit gains
By The Citizen on May 8, 2025
According to a new report released Thursday by the National Association of Realtors (NAR), 83 percent of U.S. metro areas saw year-over-year price increases for…
Pending home sales jump as buyers eye lower mortgage rates
By The Citizen on April 30, 2025
According to data released Wednesday by the National Association of Realtors (NAR), contract signings jumped 6.1 percent in March. That represents the biggest monthly gain…
Existing-home sales fall to slowest pace since 2009 amid rising costs
By The Citizen on April 24, 2025
Existing-home sales decreased by 5.9 percent from February and by 2.4 percent from March 2024 as homebuyers continued to deal with affordability challenges, said NAR…
Pending home sales tick up as buyers make cautious comeback
By The Citizen on March 27, 2025
The Pending Home Sales Index (PHSI) rose by 2.0 percent to 72.0 in February, according to new data released Thursday by NAR. But contract signings…
Existing-home sales rebounded in February amid inventory uptick
By The Citizen on March 20, 2025
As buyers cautiously reentered the market, existing-home sales rose 4.2 percent from January to 4.26 million, according to data released Thursday by NAR. Compared to…
Pending home sales fall 4.6% to an all-time low, NAR says
By The Citizen on February 27, 2025
The Pending Home Sales Index (PHSI), which tracks home sales based on contract signings, dropped 4.6 percent to 70.6 in January, marking an all-time low,…
Existing-home sales dip in January but maintain annual growth
By The Citizen on February 21, 2025
Existing-home sales dropped in January, as high mortgage rates and rising home prices continued to squeeze buyers, according to the National Association of Realtors (NAR). Existing-home…
Home prices continued to climb in most US metro areas in Q4: NAR
By The Citizen on February 6, 2025
Home prices have continued their upward trend in Q4 2024, with 89 percent of U.S. metro areas seeing an increase in single-family existing-home prices, according…