Tag Archives: National Association of Realtors (NAR)

A new report from NAR surveyed how real estate agents operate and assessed what lies ahead in the future. Click through to examine the findings of this study.

NAR reports that pending home sales dropped in all four U.S. regions month-over-month and compared to one year ago, as mortgage rates above 7% continue to impact homebuying.

"Home sales have been stable for several months, neither rising nor falling in any meaningful way," said NAR Chief Economist Lawrence Yun.

A new study reveals that homes marketed through a multiple listing service sell for approximately 18% more than the average asking price.  

"Just like the weather, large local market variations exist despite the minor change in the national home price," NAR Chief Economist Lawrence Yun said.

“Sharply lower housing inventory in the U.S. and higher borrowing costs across the world have dented international buyers for two straight years,” said NAR Chief Economist Lawrence Yun.

Led by an increase in sales in the Northeast and Midwest, NAR found that pending home sales nationwide rose slightly month-over-month in June, with the market continuing to struggle with a lack of housing supply.

Taylor Marr, Deputy Chief Economist for Redfin, recently sat down with MortgagePoint to discuss recent migration trends, the direction of the market, and much more. Click through to hear his insights on the state of the nation’s housing landscape.

Nearing levels last recorded in November 2022, Freddie Mac reports the fixed-rate mortgage rose 15 basis points week-over-week and edged closer to the 7%-mark.

Despite mortgage rates reaching their highest levels since November 2022, overall app volume rose week-over-week, led by an increase in both FHA and VA purchase applications.