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NAR’s Chief Economist on Jobs Data: ‘The Economy is Progressing’

NAR’s Chief Economist on Jobs Data: ‘The Economy is Progressing’

by Phil Hall | May 2, 2025 | Current News & Events, Real Estate News, WRE News Exclusive

The US economy added 177,000 jobs in April, a stronger than expected number, and Lawrence Yun, chief economist of the National Association of Realtors (NAR), stated this was evidence of a healthy economy. “Income growth is outpacing consumer price inflation,” said Yun...
Pending Home Sales Jump by 6.1%

Pending Home Sales Jump by 6.1%

by Phil Hall | Apr 30, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Pending home sales surged by in March, marking the greatest month-to-month increase since December 2023. The National Association of Realtors’ (NAR) Pending Home Sales Index was up by 6.1% month-over-month to a reading of 76.5 in March; an index of 100 is equal to the...
Existing Home Sales Down by Nearly 6%

Existing Home Sales Down by Nearly 6%

by Phil Hall | Apr 24, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Existing home sales sank by 5.9% from February to March to a seasonally adjusted annual rate of 4.02 million, according to data from the National Association of Realtors (NAR). Year-over-year, sales dropped by 2.4% from the 4.12 million transactions in March 2024. On...
Pending Home Sales Jump by 6.1%

Pending Home Sales Up by 2% in February

by Phil Hall | Mar 27, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Pending home sales were on the rise in February, according to data from the National Association of Realtors (NAR). Last month, NAR’s Pending Home Sales Index (PHSI) grew 2.0% to 72.0 in February; an index of 100 is equal to the level of contract activity in 2001....
Existing Home Sales Up 4.2% in February

Existing Home Sales Up 4.2% in February

by Phil Hall | Mar 20, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Existing home sales jumped 4.2% from January to February, reaching a seasonally adjusted annual rate of 4.26 million in February. According to data from the National Association of Realtors (NAR), year-over-year sales were down by 1.2% from 4.31 million in February...
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