NAR 2017 Home Sales Forecast Downgraded

Blame supply and affordability headwinds and Hurricane Harvey damage in Houston for August’s 2.6 percent decline in pending home sales. In the video below, I chat with NAR Chief Economist Lawrence Yun about why sales have stalled in recent months, why he’s now...

Raw Count of Home Sales (August 2017)

Existing-home sales dropped 1.7 percent in August from one month prior while new home sales declined 3.5 percent.  These headline figures are seasonally adjusted figures and are reported in the news.  However, for everyday practitioners, simple raw counts of home...

August 2017 Housing Affordability Index

At the national level, housing affordability is up from last month but down from a year ago. Mortgage rates increased to 4.19 percent this August, up compared to 3.74 percent a year ago. Housing affordability declined from a year ago in August moving the index down...

Instant Reaction: September Housing Starts

The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s U.S. Commerce Department release on September housing starts: “The one month fall in new home construction, especially in the South region in light of Hurricane recovery, is understandable....

County Median Home Prices

Q2 2017 After the release of the Housing Price Index for the second quarter of 2017, we updated the median home price per county[1]. Applying the price change in the related metropolitan areas to every county, it seems that, compared to a year earlier, home prices...

10 Reasons Why Real Estate Is the Best

Every once in awhile, when you’re having a tough time on the job, it’s nice to be reminded why you bothered going into such a crazy field in the first place. Well, reading Tim and Julie Harris’ new book, Harris Rules (Best Seller Publishing, 2017), I found a great...

Add Some Pumpkin Spice to Your Autumn Staging

By Melissa Dittmann Tracey, REALTOR® Magazine It’s pumpkin season and that means pumpkin everything — lattes, muffins, cookies, cakes, and, yes, even home décor. Home stagers are adding a little “pumpkin spice” to their decor, from the welcoming fall scent to pumpkin...

August 2017 Pending Home Sales

NAR released a summary of pending home sales data showing that August’s pending home sales pace is down 2.6 percent from last month and also down 2.6 percent from a year ago. Pending sales represent homes that have a signed contract to purchase on them but have yet to...

August Housing Market Activity in One Minute

Looking for a quick recap of housing activity reported this month by NAR Research? Look no further than September Housing Minute, our animated video series highlighting key data in under one minute. Visit https://www.nar.realtor/videos/housing-minute to watch all...