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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...
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...
Pending Home Sales Up 7.4%

Pending Home Sales Up 7.4%

by Phil Hall | Oct 30, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Pending home sales were on the rise last month, according to new data from the National Association of Realtors (NAR). The Pending Home Sales Index (PHSI), NAR’s forward-looking indicator of home sales based on contract signings, soared by 7.4% to 75.8 in September,...
Existing Home Sales Down by 1% in September

Existing Home Sales Down by 1% in September

by Phil Hall | Oct 23, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Existing home sales were down in September despite an uptick in the total housing inventory, according to new data from to the National Association of Realtors (NAR). Total existing home sales dropped by 1.0% from August to a seasonally adjusted annual rate of 3.84...
Pending Home Sales Up Slightly in August

Pending Home Sales Up Slightly in August

by Phil Hall | Sep 26, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Pending home sales inched up by 0.6% in August, according to data from the National Association of Realtors (NAR). The Pending Home Sales Index (PHSI), NAR’s forward-looking indicator of home sales based on contract signings, increased to 70.6 in August; an index of...
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