Tag Archives: National Association of Realtors (NAR)

“These high interest rates have had a great impact on the U.S.’ overall economic performance,” said National Association of Realtors Chief Economist Lawrence Yun. “Statistically, this is much better than the historical average, but if we look at this component, there are some worrying signs in the economy.”

A new report from NAR has found that the typical home buyer's annual household income has climbed to a new record high in the wake of rising home prices and mortgage rates.

Redfin analysts weigh a number of variables playing into potential homebuyers’ decision-making process and reveal why now may be the best time to pursue the American dream of homeownership.

Asian (27%), Hispanic (24%), Black (20%), and white (15%) prospective homebuyers surveyed say they have not yet bought a home mainly because they are waiting for prices to decline. Click through to find out more from the National Association of Realtors.

"Because of homebuilders' ability to create more inventory, new-home sales could be higher this year despite increasing mortgage rates. This underscores the importance of increased inventory in helping to get the overall housing market moving," said Lawrence Yun, NAR’s Chief Economist.

With mortgage rates continuing to edge closer to the 8% mark, home builders have reduced home prices in order to boost sales. Just how many reported cutting home prices in October? We’ve got the answers.

Why did NAR Chief Economist Lawrence Yun state that "the Federal Reserve simply cannot keep raising interest rates”? Check out the latest housing market data breakdown from the Existing-Home Sales Report.

NAR, along with the Independent Community Bankers of America and Community Home Lenders of America, have issued a joint proposal to the FHFA, the White House, the Treasury Department, and the Federal Reserve Board, designed to help ease mortgage affordability. Here’s what they propose.

Millennials remain a powerful force in the homebuying arena, and new research from Kristy Folino of ServiceLink offers insights into their priorities, behaviors and intentions for the coming year.

With mortgage rates averaging 40 basis points higher than one month ago, overall mortgage application volume deviated from the norm and rose slightly week-over-week, led by an increase in ARM volume.