Tagged: Lawrence Yun

Existing‑home sales surged in December to the fastest pace in nearly three years, driven by easing mortgage rates and broad regional gains, despite tight inventory

Pending home sales climbed 3.3% in November from October, and 2.6% year-over-year, reaching the strongest pace in nearly three years, NAR says

Mortgage rates are driving cautious buyer reentry, lifting existing-home sales modestly in November, while limited inventory and affordability pressures continue to constrain origination volume

NAR projects a combination of easing mortgage rates, steady job gains, and improving market stability will prompt some sidelined home shoppers to drive existing-home sales in 2026 as more commit to buying

NAR reports that housing markets in the supply-constrained Northeast and more affordable Midwest experienced stronger price appreciation in the third quarter of 2025

Home sales under contact remained relatively the same as August with an uptick in sales forecast on the horizon, as lower rates, improved affordability, and higher inventory begin to draw more buyers back into the market

Studies find that there are currently 36.7% more home sellers in the market than buyers — a near-record gap, which is good news for buyers who have an opportunity to negotiate and ask for concessions

NAR Chief Economist Yun calls lower mortgage rates ‘magic bullet’ to boost home sales

February saw a 4.2% increase in home sales nationally, NAR data show

Decline leads to optimism about a stable rate environment and a potential rise in home sales in the upcoming year.