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NAR Chief Economist Predicts Rising Home Sales Over Next Two Years

NAR Chief Economist Predicts Rising Home Sales Over Next Two Years

by Phil Hall | Nov 11, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

National Association of Realtors (NAR) Chief Economist Lawrence Yun is projecting an 11% higher level of new home sales in 2025 and 8% higher level in 2026, with the median home price forecast to be 2% higher in both 2025 and 2026. “Maybe the worst is coming to an...
California Housing Affordability Improved Slightly in Q3

California Housing Affordability Improved Slightly in Q3

by Phil Hall | Nov 7, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Only 16% of the California’s homebuyers could afford to purchase a median-priced, existing single-family home during the third quarter. But according to the California Association of Realtors’ (CAR) Traditional Housing Affordability Index, this is a mild...
NAR: Nearly 90% of Metro Markets Saw Q3 Home Price Gains

NAR: Nearly 90% of Metro Markets Saw Q3 Home Price Gains

by Phil Hall | Nov 7, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Roughly 90% of metro markets (196 out of 226, or 87%) recorded home price gains during the third quarter, with 7% of these metros recording double-digit gains, according to the National Association of Realtors (NAR). Compared to one year ago, the national median...
Toronto Home Sales Up 44.4% in October

Toronto Home Sales Up 44.4% in October

by Phil Hall | Nov 6, 2024 | Current News & Events, International Real Estate News, Real Estate News, WRE News Exclusive

Home sales in the Greater Toronto Area (GTA) shot up in October while new listings and home prices were up by relatively mild levels. A total of 6,658 home sales were recorded through the Toronto Regional Real Estate Board’s (TRREB) MLS System in October, a 44.4%...
Metro Vancouver Home Sales Up Nearly 32%

Metro Vancouver Home Sales Up Nearly 32%

by Phil Hall | Nov 5, 2024 | Current News & Events, International Real Estate News, Real Estate News, WRE News Exclusive

Residential home sales registered on the Multiple Listing Service (MLS) in the Metro Vancouver market totaled 2,632 in October, a 31.9% year-over-year spike from the 1,996 sales recorded one year earlier, according to data from the Greater Vancouver Realtors (GVR)....
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