April 2017 Existing-Home Sales

April 2017 Existing-Home Sales

NAR released a summary of existing-home sales data showing that housing market activity this April slid 2.3 percent from last month but modestly improved 1.6 percent from last year. April’s existing-home sales reached the 5.57 million seasonally adjusted annual rate....
April 2017 Pending Home Sales

April 2017 Pending Home Sales

NAR released a summary of pending home sales data showing that April’s pending home sales pace is down 1.3 percent from last month and are down 3.3 percent from a year ago. Pending sales are homes that have a signed contract to purchase on them but have yet to close....

Instant Reaction: May Jobs Report

The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s U.S. Bureau of Labor Statistics jobs report for May: “Although  job gains in May were on the soft side (138,000), the annual figure has been fairly consistent at over 2 million net new job...