Tag Archives: National Association of Realtors (NAR)

On a regional basis compared to one year ago, pending home sales decreased in the Northeast but improved in the Midwest, South, and West.

Existing-home sales faded 6.2% in December over the same month in 2022 while the median existing-home sales price rose 4%.

December’s new mortgage-backed securities issuance by Ginnie Mae will support the financing of nearly 95,000 households, including more than 47,000 for first-time homebuyers.

Seven industry trade groups have reached out to members of Congress to support the full funding of both the FHA and Ginnie Mae for Fiscal Year 2024 to enable the ongoing commitment to affordable homeownership initiatives.

NAR reported a steadying of pending home sales in the month of November, as contract signings grew in the Northeast, Midwest, and West, but slid in the South.

The National Association of Realtors' latest forecast predicts a modest bump in existing-home sales while annual median home prices should remain relatively flat—something that bodes well for affordability.

Month-over-month, contract signings intensified in the Northeast but diminished in multiple other U.S. regions. First American Deputy Chief Economist Odeta Kushi commented, “While there remains quite a bit of demand for homes on the sidelines, you can't buy what's not for sale, even if you can afford it.”

Commercial real estate looks to be on the leading edge of revitalization, according to comments made by Lawrence Yun, the Chief Economist for the National Association of Realtors. Read on to see what he’s predicting for the months ahead.

As climate changes expose more U.S. housing stock to potential flood damage, the Congressional Budget Office has issued an impact report encompassing homeowners with mortgages protected by the GSEs or backed by the FHA or VA.

According to National Association of Realtors Chief Economist Lawrence Yun, mortgage rates will be between 6-7% by next spring. Here’s what that may mean for existing home sales.