Tag Archives: National Association of Realtors (NAR)

Serving in the Interim Chief Economist role since July 2022, CoreLogic promotes Selma Hepp to lead team producing insights to help industry stakeholders better navigate today’s real estate environment.

According to the National Association of Realtors, all four major U.S. regions analyzed recorded month-over-month and year-over-year declines in existing home sales.

Jim Albertelli of Voxtur explains four ways the industry can collectively drive innovation and change during these leaner times.

After experiencing a near 5% monthly drop in pending October sales, NAR reported the near-20-year high in mortgage rates and expensive home prices forced many prospective buyers to the sidelines.

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.

In a letter to Federal Reserve Chair Jerome Powell, Rep. Maxine Waters addressed the Fed’s recent rate hikes, the impact on the nation’s housing crisis, and the effects of ongoing inflation.

"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."

The Pending Home Sales Index (PHSI), which measures housing contract activity, again fell in August, the third month in a row and the ninth time it has fallen this year. In addition, three out of the four major regions in the ...

In a letter to the White House, NAR, the MBA, NAHB and MHI have submitted a letter asking for the FHA to cut its mortgage insurance premium by helping increase wealth nationwide.

The Pending Home Sales Index (PHSI), which measures housing contract activity, again fell in July, the second month in a row and the eighth time it has fallen this year. In addition, three out of the four major regions in ...