Tag: Lawrence Yun
Pending home sales hold steady in April
Month over month, contract signings improved in three U.S. regions but dropped in the Northeast.
NAR forecasts 6.8% decline in existing-home sales for 2023
Lawrence Yun, NAR chief economist, predicts that 4.78 million existing homes will be sold, prices will remain stable, and Atlanta will be the top market to watch.
September pending home sales dip 10%
Pending home sales dropped for the fourth straight month, down 10.2% from August.
Pending home sales slip in July
The typical monthly mortgage payment reached nearly $2,000 in June, up 54% from last year.
Existing-home sales retreat 5.9% in July
Properties remained on market for 14 days, tying last month’s record-low.
First quarter brings double-digit appreciation in home prices for 70% of metros
The median sales price of single-family existing homes rose at a faster pace of 15.7%, to $368,200.
Pending home sales dip in March
Pending home sales dropped in March, signifying five straight months that contract activity has declined.
Two-thirds of metros reached double-digit price appreciation in Q4
The median sales price of single-family existing homes rose at a slower pace of 14.6% to $361,700 (15.9% in the prior quarter).
Pending home sales slide again in December
All four major U.S. regions posted both month-over-month and year-over-year drops in contract activity.
Annual existing-home sales hit highest mark since 2006
In 2021, existing-home sales totaled 6.12 million – an increase of 8.5% from the prior year and the highest annual level since 2006.