In this video, NAR Chief Economist Lawrence Yun talks about existing-home sales in December, 2014, and compares them to existing-home sales over the past 12 months.More Information
The information in this interactive infographic is from December 2014 Existing-Home Sales data. It allows you to look at price and sales data for the month, and to compare it to prices and sales over the previous 12 months.More Information
WASHINGTON (January 23, 2015) – Despite low inventory conditions, existing-home sales bounced back in December and climbed above an annual pace of 5 million sales for the sixth time in seven months, according to the National Association of Realtors®. Median home prices for 2014 rose to their highest level since 2007, but total sales fell 3.1 percent from 2013.
This slideshow takes a look at home buyer trends from 1981 versus 2014. The information in the slideshow comes from the Profile of Home Buyers & Sellers.
- Read highlights from the 2014 Profile of Home Buyers & Sellers.
- Buy the full 2014 Profile of Home Buyers & Sellers in the REALTOR® Store.
Six months after the implementation of the QM/ATR rule, the market appears to be shifting modestly. This survey serves as both a measure of change in the 2nd quarter and a bellwether for originators’ impressions of market dynamics in light of regulatory changes under the QM/ATR rule as well as changes at the FHA, FHFA, and new credit scoring models. The panel was expanded in the 2nd quarter to include members of Community Mortgage Lenders of America.Highlights of the Survey
- The non-QM share of originations more than tripled in the 2nd quarter to an... Read More
What this means for REALTORS®: The decline in oil prices is generally positive to households because of gas savings and lower mortgage payments. Those savings boost consumer spending in other areas.
The Bureau of Labor Statistics released their payroll employment numbers last week. Here is a quick look at what this could mean for the housing market.
Chris Leinberger, Senior Fellow at the Brookings Institute and President of Locus, discusses walkable communities and the consumer shift away from suburban, car-reliant communities in this presentation. He shows how transportation costs factor into home buying capabilities and which generational groups are leading the interest in walkability.
This video is part of the REALTOR® University Speaker Series.
Every month SentriLock, LLC. provides NAR Research with data on the number of properties shown by a REALTOR®. Lockboxes made by SentriLock, LLC. are used in roughly a third of home showings across the nation. Foot traffic has a strong correlation with future contracts and home sales, so it can be viewed as a peek ahead at sales trends two to three months into the future. This infographic shows the... Read More
In this video, NAR Chief Economist Lawrence Yun talks about the outlook for the 2015 housing market. He expects existing-home sales to rise about 7 percent in 2015 behind a strengthening economy, solid job gains and a healthy increase in home prices.
Read the news release about the video.
See an infographic containing information from Lawrence Yun's forecast video.
The information in this infographic comes from a video of NAR Chief Economist Lawrence Yun talking about his 2015 housing market expectations. He expects existing-home sales to rise about 7 percent in 2015 behind a strengthening economy, solid job gains and a healthy increase in home prices.
WASHINGTON (January 7, 2015) - Existing-home sales are forecasted to rise about 7 percent in 2015 behind a strengthening economy, solid job gains and a healthy increase in home prices, according to National Association of Realtors® Chief Economist Lawrence Yun in a newly-released video on his 2015 housing market expectations.
Many people make New Year’s Resolutions as the calendar flips from December 31st to January 1st. Often times, at the top of the list (along with trimming the waist line) is saving money and paying down debt. Many people do so with a goal in mind – a nice vacation, a new car, or even a new home. Maybe this year you are saving for your downpayment for a new home, or know someone who is.
In this video, NAR Chief Economist Lawrence Yun talks about how current economic trends are affecting the housing market: improvements in the economy, increase in jobs, the stock market, consumer confidence, rising rents, and low mortgage rates. He also talks about the things that are impacting the housing market in a negative way: limited inventory, low levels of new home construction, and mortgage lock-in, and gives a forecast for 2015.
WASHINGTON (December 31, 2014) — Pending home sales slightly improved in November and are above year-over-year levels for the third straight month, according to the National Association of Realtors®. All major regions except for the Midwest experienced a slight gain in activity in November.
The Pending Home Sales Index,* a forward-looking indicator based on contract signings, increased 0.8 percent to 104.8 in November from a slightly downwardly revised 104.0 in October and is now 4.1 percent... Read More
Newly constructed homes are carrying a hefty premium over existing homes. The gap, which historically had been 15 to 20 percent, has in recent years widened to 30 to 40 percent. That suggests either existing home prices are much cheaper in relation to the newly built homes and/or that there is just not enough new homes being produced.
After hitting their highest level of the year, existing-home sales slid in November as the housing supply tightened, NAR Chief Economist Lawrence Yun says during a Dec. 22 press conference in Washington.
Existing-home sales continued to rise in October and are now up year-over-year for the first time in 2014, NAR Chief Economist Lawrence Yun says during a Nov. 20 press conference in Washington.