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NAR Chief Economist Lawrence Yun Forecasts 9% Increase in Home Sales for 2025 and 13% for 2026, with Mortgage Rates Stabilizing Near 6%

The worst of the housing inventory shortage is coming to an end, mortgage rates are stabilizing and job additions are continuing, according to NAR Chief Economist Lawrence Yun.

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Pending Home Sales Advanced 7.4% in September

Pending home sales rose in September, according to the National Association of REALTORS®. All four major regions experienced month-over-month gains in transactions. Year-over-year, the

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Paul Yorkis Reappointed to HUD’s Housing Counseling Federal Advisory Committee

The Department of Housing and Urban Development (HUD) announced that Paul Yorkis has been reappointed to the Housing Counseling Federal Advisory Committee (HCFAC) for an additional

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NAR Recognizes 2024 Good Neighbor Award Winners’ Unwavering Community Commitment

The National Association of Realtors® proudly unveiled the five winners of the 2024 Good Neighbor Awards. Celebrating its 25th year, these distinguished awards spotlight Realtors® who are not

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Pending Home Sales Edged Up 0.6% in August

Pending home sales in August rose 0.6%, according to the National Association of REALTORS®. The Midwest, South and West posted monthly gains in transactions, while the Northeast recorded a loss. Year-over-year, the West registered growth, but

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National Association of Realtors® Honors 2024 Good Neighbor Awards Finalists

The National Association of Realtors® today announced the 10 finalists for its 2024 Good Neighbor Awards, which honor NAR members who make extraordinary differences in their

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Pending Home Sales Dropped 5.5% in July

Pending home sales in July retreated 5.5%, according to the National Association of REALTORS®. All four U.S. regions posted monthly losses in transactions. Year-over-year, the Northeast rose while the Midwest, South and West registered declines.

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Nearly 90% of Metro Areas Registered Home Price Gains in Second Quarter of 2024

Almost 90% of metro markets (199 out of 223, or 89%) recorded home price gains in the second quarter of 2024, as the 30-year fixed mortgage rate ranged from 6.82% to 7.22%, according to

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Second Century Ventures Announces 7 Companies for 2024 REACH Commercial Scale-Up Program

Second Century Ventures, the strategic investment arm of the National Association of Realtors® and the most active global real

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Pending Home Sales Rose 4.8% in June

Pending home sales in June ascended 4.8%, according to the National Association of REALTORS®. All four U.S. regions posted monthly gains in transactions. Year-over-year, the Northeast, Midwest and South registered declines, while the West increased.

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Existing-Home Sales Slipped 5.4% in June; Median Sales Price Jumps to Record High of $426,900

Existing-home sales fell in June as the median sales price climbed to the highest price ever recorded for the second consecutive month, according to the National Association of REALTORS®. All

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NAR Offers Support for New Biden Housing Plan

The U.S. Department of the Treasury announced new steps Monday to address housing affordability. The plan mirrors many policies also advocated by NAR to help lower housing costs and increase housing supply.

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Existing-Home Sales Edged Lower by 0.7% in May as Median Sales Price Reached Record High of $419,300

Existing-home sales slightly declined in May as the median sales price climbed to a record high, according to the National Association of REALTORS®. In the four major U.S. regions, sales

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REALTORS® Relief Foundation Announces Largest Grant Ever Awarded With $2 Million in Relief Aid for Arkansas Tornado Victims

The REALTORS® Relief Foundation (RRF) announced that an additional $1 million in disaster relief aid has been made available

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Pending Home Sales Slumped 7.7% in April

Pending home sales in April fell 7.7%, according to the National Association of REALTORS®. All four U.S. regions registered month-over-month and year-over-year decreases. The Pending Home Sales Index (PHSI)* – a forward-looking indicator of home

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Existing-Home Sales Retreated 1.9% in April

Existing-home sales receded in April, according to the National Association of REALTORS®. All four major U.S. regions posted month-over-month declines. Year-over-year, sales decreased in the Northeast, Midwest and South but increased in the West

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Second Century Ventures Announces Eight Companies for REACH LATAM 2024 Cohort

Second Century Ventures, the strategic investment arm of the National Association of Realtors®, has announced the selection of eight companies for the second annual REACH Latin America

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More Than 90% of Metro Areas Recorded Home Price Increases in First Quarter of 2024

More than 90% of metro markets (205 out of 221, or 93%) posted home price gains in the first quarter of 2024, as the 30-year fixed mortgage rate ranged from 6.60% to 6.94%, according

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Pending Home Sales Ascended 3.4% in March

Pending home sales in March climbed 3.4%, according to the National Association of REALTORS®. The Northeast, South and West posted monthly gains in transactions while the Midwest recorded a loss. Year-over-year, the Northeast and South

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Existing-Home Sales Descended 4.3% in March

Existing-home sales slipped in March, according to the National Association of REALTORS®. Among the four major U.S. regions, sales slid in the Midwest, South and West, but rose in the Northeast for the first time since November 2023. Year-over-year

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Recent NAR Press Releases

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NAR Chief Economist Lawrence Yun Forecasts 9% Increase in Home Sales...

The worst of the housing inventory shortage is coming to an end, mortgage rates are stabilizing and job additions are continuing, according to NAR Chief Economist Lawrence Yun.

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