Tag Archives: National Association of Realtors (NAR)

Closing the books on 2021, The National Association of Realtors (NAR) has reported that, during the month of December, existing-home sales declined 4.6% from November, to a seasonally adjusted annualized rate of 6.18 million, snapping a three-month streak of increases.  Despite the monthly drop, existing home sales increased by an overall ...

As home prices fell about 30% from the peak level in 2006 from 2021, appreciation has rebounded, causing a surge in home purchases.

Home buyers continued to snap up the limited supply of available homes, exerting upward pressure on sales prices and overall home-price growth.

Reversing the trend of just one month ago, pending sales of U.S. homes rose 7.5% in October as consumers regained their financial footing to lock in rates before an anticipated rise.

Despite mounting affordability challenges, existing-home sales continued to push upward, rising a slight 0.8% over September’s totals.

Despite lingering supply issues, housing permits increased to an annual pace of 1.65 million in October, a positive sign for home builders to close out the year.

An increasing number of buyers are bypassing the continued struggle between short supply and high prices, and seeking homes at auctions.

A combination of increased inventory and rising rates will play a role in weakening the housing market over the next 12 months.

No matter how you look at it, now is a great time to be a home seller as the median sale price of an existing single-family home rose again last quarter to another record high.  According to the National Association of Realtors (NAR), they attributed the rise ...

Month-over-month, contract signings fell 2.3% in September from August, and slid 8% year-over-year, as NAR reports nominal house price growth has been outpacing house-buying power with rates on the rise.