Category: NAR chief economist Lawrence Yun - Page 2

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…

Pending home sales decline 5.5% following months of growth

By The Citizen on January 31, 2025

The Pending Home Sales Index (PHSI), which tracks contract signings as a measure of future home sales, fell 5.5 percent to 74.2 in December, according…

Existing-home sales surge to highest level in more than 3 years

By The Citizen on December 19, 2024

Existing-home sales rose 6.1 percent annually in November while three out of four U.S. regions saw increases from 2023, according to new data released Thursday…

Pending home sales rise for 3rd month, driven by higher inventory

By The Citizen on November 27, 2024

Driven by an improved housing inventory, pending home sales rose modestly in October, marking its third-consecutive monthly increase, according to data released on Wednesday by…

US home prices rose in 90% of metro areas in Q3, NAR says

By The Citizen on November 7, 2024

Home affordability improved as mortgage rates dipped, bringing the monthly mortgage payment on a typical single-family home with a 20 percent down payment to $2,137…

Home prices grow in 90% of metros as Silicon Valley breaks $2M ceiling

By The Citizen on August 13, 2024

San Jose, California, a major tech hub, tallied single-family existing-home prices exceeding $2 million in 2Q for the first time since the National Association of…

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