Tag Archives: National Association of Realtors

NAR chief economist Lawrence Yun said the strong demand that has been frustrating buyers and the spring’s swift sales “took a dent out of what was available for sale in May and ultimately dragged down contract activity.”

In April, pending home sales reached their highest point in a decade, contributing toward making 2016 the best spring homebuying season in a decade. Can they maintain that level in May?

Existing-home sales in May hit their highest pace in almost a decade, while the uptick in demand this spring amidst lagging supply levels pushed the median sales higher.

A recent survey from the National Association of Realtors and SALT found that 71 percent of non-homeowners repaying their student loans on time believe their debt is preventing them from purchasing a home.

Millennials are able to become homeowners in these 10 affordable metro areas that boast steady job growth and lower income qualifications needed to purchase a home.

Despite the unfavorable odds including inventory shortages, continued home price appreciation, and stagnant household income growth, existing-home sales continue to emerge triumphant, and that odd-defying trend is expected to continue.

For the third consecutive month in April, pending home sales rose to reach their highest level since February 2006, showing strong promise of more buyers entering the market.

Existing-homes sales have been up against unfavorable odds including inventory shortages, soaring home price appreciation, and stagnant household income growth. However, they defied those odds and came out on top for the second consecutive month.

An uptick in home sales coupled scarce supply levels kept home prices on the rising path in the majority of metro areas during the first quarter of the year.

Pending home sales returned with a vengeance in March to the highest reading since May 2015, despite inventory deficiencies and rising home prices.