The latest research and news from the National Association of Realtors.

Pending Home Sales Skid in May

WASHINGTON (June 29, 2016) — After steadily increasing for three straight months, pending home sales let up in May and declined year-over-year for the first time in almost two years, according to the National Association of Realtors®. All four major regions experienced a cutback in contract activity last month.

The Pending Home Sales Index,* a forward-looking indicator based on contract signings, slid 3.7 percent to 110.8 in May from a downwardly revised 115.0 in April and is now slightly lower (0.2 percent) than May 2015 (111.0).... Read More

June 30th, 2016|Comments Off on Pending Home Sales Skid in May

May 2016 Foot Traffic

Every month SentriLock, LLC. provides NAR Research with data on the number of properties shown by a REALTOR®. Lockboxes made by SentriLock, LLC. are used in roughly a third of home showings across the nation. Foot traffic has a strong correlation with future contracts and home sales, so it can be viewed as a peek ahead at sales trends two to three months into the future. This infographic shows the latest index data along with trends and changes.

December 31st, 1969|Comments Off on May 2016 Foot Traffic

Existing-Home Sales Rise in June As Inventory Continues to Fall

In this video, NAR Chief Economist Lawrence Yun talks about June existing-home sales, inventory decline, home prices, rental rates, and the relationship of real estate to the stock market, economic growth, and employment gains. He also gives his real estate forecast for the months ahead.

December 31st, 1969|Comments Off on Existing-Home Sales Rise in June As Inventory Continues to Fall

HUD Secretary Castro, Panelists Discuss Housing Opportunities for Young Adults Repaying Student Debt

WASHINGTON (May 10, 2016) — Struggles exist for many young adults trying to become homeowners, and the burden of repaying their student loan debt is in part delaying their ability to buy, according to speakers at a regulatory issues forum on student debt and homeownership at the 2016 REALTORS® Legislative Meetings & Trade Expo.

The high-profile session discussing the impact student loan debt is having on young households' ability to purchase homes was keynoted by U.S. Housing and Urban Development Secretary Juli... Read More

December 31st, 1969|Comments Off on HUD Secretary Castro, Panelists Discuss Housing Opportunities for Young Adults Repaying Student Debt

NAR Forecast: Modest Increase in Home Sales Expected in 2016

WASHINGTON (January 12, 2016) — Following the housing market's best year in nearly a decade, existing-home sales are forecasted to expand in 2016 at a more moderate pace as pent-up buyer demand combats affordability pressures and meager economic growth, according to National Association of Realtors® Chief Economist Lawrence Yun in a newly-released video on his 2016 housing market expectations.

In the NAR-published video, Yun... Read More

December 31st, 1969|Comments Off on NAR Forecast: Modest Increase in Home Sales Expected in 2016