Tag: NAR
Existing home sales decreased 0.7% in August
Total existing-home sales–completed transactions that include single-family homes, townhomes, condominiums and co-ops–slid 0.7% from July to a seasonally adjusted annual rate of 4.04 million in August.
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.
Existing-home sales slide in September
Total housing inventory registered at the end of September was 1.25 million units, which was down 2.3% from August.
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.
Realtors see increased buyer interest in energy efficiency
Half of Realtors surveyed have recently helped clients buy or sell a home with green features, up from 32% from the previous year.
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 dip 2.2% in November
Each of the four major U.S. regions witnessed contract transactions decline month-over-month.
Experts foresee multiple interest rate hikes and slowing inflation in 2022
More than 20 top economic and housing experts predict two quarter-point interest rate hikes by the Fed in 2022.
Existing home sales inch up slightly in October
Existing-home sales increased in October, marking two straight months of growth.
Realtors: Housing market may normalize in 2022
The outlook for the residential real estate market, which performed exceptionally well during the height of the pandemic, continues to be promising.