Tag Archives: Lawrence Yun

Both purchase apps and refinances showed declines this week, as first-time homebuyers are being “squeezed” out of the market as a result of short supply and high prices.

Bidding wars and record high price tags did not slow pending home sales over the past month, as record-low mortgage rates are still luring buyers into the market.

The demand for vacation and second home sales is outpacing the overall growth in existing-home sales, according to a new survey.

Affordability remains a major stumbling block for homebuyers, with a dwindling supply forcing more to hold off making a home purchase.

With supply remaining tight, homebuyers scrambled in Q1 to buy up the remaining inventory, driving home prices to year-over-year highs in 99% of the nation’s metro markets.

Rates remain at historically-low levels, as Americans are finding it an opportune time to refi, while new home seekers continue to sit on the sidelines due to tight inventory and high prices.

NAR will examine trends in the market, taking a closer look at the regional factors that are shaping the spring homebuying season.

In addition, first-time buyers accounted for more than a third of sales in December.

Here’s what economists attribute the increase to, and why they describe the winter housing market as “incredibly swift."

A report releasing on Friday will give insights into the performance of the sale of existing homes across the country. Here’s what else is in store in The Week Ahead.