Pending Home Sales Receded 4.9% in January
Pending home sales in January dropped 4.9%, according to the National Association of REALTORS®. The Northeast and West posted monthly gains in transactions while the Midwest and South recorded losses. All four U.S. regions registered year-over-year
Existing-Home Sales Rose 3.1% in January
Existing-home sales grew in January, according to the National Association of REALTORS®. Among the four major U.S. regions, sales accelerated in the Midwest, South and West, and remained steady in the Northeast. Year-over-year, sales improved in the
NAR Hosts Policy Forum to Address Challenges Facing Home Buyers
The National Association of Realtors® hosted a policy forum Thursday at the Mayflower Hotel in Washington, D.C. entitled American Dream Deferred: How Can We Keep Homeownership
More Than 85% of Metro Areas Registered Home Price Increases in Fourth Quarter of 2023
More than 85% of metro markets (189 out of 221) registered home price increases in the fourth quarter of 2023 as the 30-year fixed mortgage rate dropped from 7.79% to 6.61%, according to
Existing-Home Sales Slid 1.0% in December
Existing-home sales retreated in December, according to the National Association of REALTORS®. Among the four major U.S. regions, sales slipped in the Midwest and South, rose in the West and were unchanged in the Northeast. All four regions
Pending Home Sales Recorded No Change in November
Pending home sales in November were identical to those in October, according to the National Association of REALTORS®. The Northeast, Midwest and West posted monthly gains in
Existing-Home Sales Expanded 0.8% in November, Ending Five-Month Slide
Existing-home sales grew in November, breaking a streak of five consecutive monthly declines, according to the National Association of REALTORS®. Among the four major U.S. regions
NAR Welcomes Freddie Mac’s Expansion of Condo Project Advisor Tool
National Association of Realtors® President Tracy Kasper issued the following statement after Freddie Mac announced(link is external) an important expansion of its Condo Project Advisor tool
Pending Home Sales Fell 1.5% in October
Pending home sales dropped 1.5% in October, according to the National Association of REALTORS®. The Northeast posted a monthly gain in transactions while the Midwest, South and West all recorded losses. All four U.S. regions noted year-over-year
Existing-Home Sales Receded 4.1% in October
Existing-home sales dropped in October, according to the National Association of REALTORS®. Among the four major U.S. regions, sales slid in the Northeast, South and West but were unchanged in the Midwest. All four regions experienced year-over-year sales
NAR Finds Typical Home Buyer’s Annual Household Income Climbed to Record High of $107,000 in Wake of Rising Home Prices and Mortgage Rates
Buyer income annual increase of 22% is largest on record (from $88,000 in 2022 report); down payments jumped to highest percentages in two decades
12,000 Realtors® to “Own the Moment” at NAR NXT Annual Conference & Expo in Anaheim
Realtors® from across the country and the world will converge on Anaheim, California, November 14–16 for 2023 NAR NXT, The Realtor® Experience(link is external), NAR’s annual conference
Pending Home Sales Grew 1.1% in September
Pending home sales augmented 1.1% in September, according to the National Association of REALTORS®. The Northeast, Midwest and South posted monthly gains in transactions while the West experienced a loss. All four U.S. regions had year-over-year
NAR Hosts Affordable Workforce Housing Symposium
The National Association of REALTORS® hosted the Affordable Workforce Housing Symposium Tuesday in Columbus, Ohio. The event included three panel discussions comprised of participants
Existing-Home Sales Decreased 0.7% in August
Existing-home sales moved lower in August, according to the National Association of REALTORS®. Among the four major U.S. regions, sales improved in the Midwest, were unchanged in the Northeast, and slipped in the South and West. All four regions
Pending Home Sales Tumbled 7.1% in August
Pending home sales slid 7.1% in August, according to the National Association of REALTORS®. All four U.S. regions posted monthly losses and year-over-year declines in transactions. “Mortgage rates have been rising above 7% since August
Elevated Home Prices and Mortgage Rates, Limited Inventory are Home Buying Barriers, According to Realtors® and Prospective Home Buyers Across Races and Ethnicities
The current real estate market’s high home prices and mortgage rates, as well as limited inventory, are the top reasons that
Pending Home Sales Elevated 0.9% in July, Marking Second Consecutive Monthly Increase
Pending home sales increased 0.9% in July – rising for the second consecutive month – according to the National Association of REALTORS®. The Northeast and Midwest posted monthly losses
Existing-Home Sales Slipped 2.2% in July
Existing-home sales receded in July, according to the National Association of Realtors®. Among the four major U.S. regions, sales grew in the West but faded in the Northeast, Midwest and South. All four regions registered year-over-year sales declines.
Almost 60% of Metro Areas Posted Home Price Gains in the Second Quarter of 2023
Almost 60% of metro markets (128 out of 221) registered home price gains in the second quarter of 2023 as 30-year fixed mortgage rates oscillated between 6.28% and 6.71%, according