Tag Archives: Lawrence Yun

Inventory increased by a modest amount, pushing it past three months’ of supply, while the median existing home sales price grew for the third month in a row. Find all the details in this breakdown of new NAR data.

"It's clear that increased housing inventory and better interest rates are essential to revive the housing market," said NAR Chief Economist Yun. Click through for more on NAR’s August Pending Home Sales report.

A snapshot of August’s existing-home sales data revealed that available months of inventory increased to 3.3 while median sales prices topped $407,000.

A new report from the National Association of Realtors revealed contract signings rose in July, as pending home sales also increased for the second month in a row, according to NAR's latest Pending Home Sales Index.

According to a new NAR report, home prices increased by single-digits in 128 of the 221 metropolitan areas tracked. Here’s why NAR Chief Economist Lawrence Yun says that "affordability challenges are easing.”

According to a new report from the National Association of Realtors (NAR), international buyers and investors purchased $53.3 billion worth of residential properties from the period between April 2022 and March 2023, a 9.6% reduction from the previous year.

NAR reports that pending home sales nationwide rose in June, increasing in the Northeast and Midwest, while the South and West reported declines for the month.

NAR reports that existing-home sales recorded a slight gain of 0.2% to a seasonally adjusted annual rate of 4.3 million units.

NAR’s latest report reveals pending home sales were down across the U.S. on a year-over-year basis. Click through to find out what else the report revealed.

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