Tag Archives: Existing Home Sales

In anticipation of the existing-sales report for June coming out next week, it is important to note the uptick in demand that has been shown so far amidst lagging supply levels that pushed the median sales higher.

In the latest Nowcast, Ten-X discusses projections for the housing market in the face of recent economic headwinds and the possible effects of last week's Brexit vote on housing.

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.

The industry will find out on Thursday how the largest banks would perform under severely adverse economic conditions similar to those the country experienced in 2008.

NAR Chief Economist Lawrence Yun noted that the April existing sales data "signals slowly building momentum for the housing market this spring."

Overall housing inventory has been tight for 44 straight months, and the share of distressed properties sold is way down from its peak. But that isn't stopping investors.

The housing market is facing constrained inventory and price appreciation that is outpacing wage growth. But that may not be a problem, NAR Chief Economist Lawrence Yun said.

National Association of Realtors Chief Economist Lawrence Yun talks with DS News about his forecast for the housing market for the remainder of 2016 as well as such topics as inventory, affordability, wage growth, and delinquency rates.

Global market turmoil coupled with supply and demand troubles have not been enough to restrain home sales, which continue remain on a strong path supported by positive labor gains.

According to the National Association of Realtors, low inventory, affordability, and tight credit are still plaguing the housing market. But NAR President Tom Salomone says he has the solution.