Tag Archives: Danielle Hale

The National Association of Realtors reported that pending home sales fell 5.2%. Click through for more.

According to a new report from the National Association of Realtors, home sales declined an overall 22% from a year ago, while the inventory of unsold existing homes rose 1% from February.

“Home sales activity looks to be bottoming out in the first quarter of this year, before incremental improvements will occur,” said NAR Chief Economist Lawrence Yun.

Buyers in some locations have been met with better-than-expected inventory numbers as inventory has recovered nearly 70% year-over-year.

Realtor.com ranked top markets to find which are great for first timers on a wide variety of metrics.

FOMC raises the borrowing rate half a percentage point, capping a series of four consecutive three-quarter-point hikes.

Realtor.com forecasts which cities will see the highest home price appreciation next year. Click through to find out which locations are slated to be hot in ‘23.

Distressed sales, including foreclosures and short sales, comprised just 1% of home sales in October 2002 according to new NAR data, down from 2% in September.

Despite the decline in rental costs nationwide, affordability remains a concern among most tenants.  

"The housing sector continues to undergo an adjustment due to the continuous rise in interest rates" said Lawrence Yun, Chief Economist of NAR. "Expensive regions of the country are especially feeling the pinch and seeing larger declines in sales."