NAR economist predicts post-shutdown real estate ‘boom’
NAR Chief Economist Lawrence Yun said Friday there could be a brief bump in home sales after the government shutdown. Here are the other market forces he’s watching.
Category: Lawrence Yun
Home Sales Attempt to Recover After 2.4% Slide in March
As affordability constraints and lack of inventory remains a struggle for many potential homebuyers, existing-home sales edged lower in March, according to the National Association of Realtors. New data revealed… Read more »
The Average Home Cost Has Surpassed $400k For First Time
Despite market influences that are pushing up mortgage rates and slumping home sales numbers during the second quarter of 2022, most metropolitan areas still saw double-digit annual price gains compared… Read more »
Mortgage Rates Surge Ahead of Fed Rate Increase
As the nation sat and waited for the Fed to raise rates, the 30-year fixed-rate mortgage (FRM) wasted no time getting a jump on the Fed’s news, jumping to an… Read more »
Pending Home Sales Slide 2.2% in November
According to the National Association of Realtors (NAR), pending home sales slipped in November, dropping 2.2.% from October as found by NAR’s Pending Home Sales Index (PHSI), a forward-looking indicator… Read more »
Buffini Makes ‘Bold Predictions’ About Upcoming Year’s Real Estate Market
It’s safe to say that 2020 threw everyone for a loop. The coronavirus pandemic has impacted the lives of billions of people worldwide, and perhaps the most surprising element of… Read more »
Future of remote work unclear, according to NAR
Since the pandemic caused many employers to shift employees to remote work – some indefinitely – homeowners have left cramped spaces in large cities and retreated to more suburban and… Read more »