Tag Archives: NAR

Tight inventory and stiff competition for homes proved disruptive to pending sales in March, according to a new report by the National Association of Realtors. Pending sales activity dropped by nearly a percent since February. But overall activity is still soaring, and in most markets is up from where it was a year ago. Which might or might not be a good thing.

Existing home sales in March took off at a pace not seen in a decade. But while that sounds like good news, not everyone thinks March’s uptick is a sign of great growth. The rub: Inventory is still low.

On Wednesday, March 29th, the National Association of Realtor (NAR) will be releasing its latest Pending Home Sales Index. Lawrence Yun, Chief Economist for NAR, stated that a decline in contract signings during December 2016 indicated that activity will likely be “choppy in coming months,” as buyers struggle to find the perfect home in their price range. Also, read the full lineup of industry reports that will be releasing this week.

Previous NAR data showed year-over-year and month-over-month increases in existing home sales

Many appraisers feel undertrained, or just dissatisfied at their job.

The majority of respondents to a recent survey by the National Association of Realtors said they believe this is a good time to buy or sell a home, that the economy is improving, and that housing prices will continue to escalate.

NAR Chief Economist Lawrence Yun and Atlanta Fed President Dennis Lockhart discussed economic conditions they believe will result in a “net positive” for housing next year.

The pace of home sales has risen over the last two years due to the increasing role of two key segments that have recently been absent from the homebuyers' market.

Single-family housing inventory has been tight for many months, and it’s having an adverse effect on the housing market.

Existing-home sales dropped for the second straight month in August, despite job growth and still-low mortgage rates, according to the National Association of Realtors.