Tagged: National Association of Realtors (NAR)

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

A more even housing market is projected to emerge as steadier prices, easing rates, and rising incomes improve affordability and will provide buyers with more negotiating power

Despite housing affordability, industry costs, and local economic conditions, real estate firms project their profitability to increase

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

With the first baby boomers set to turn 80 in 2026, senior housing demand is nearing a historic inflection point, and a combination of limited new supply, evolving care models, and changing consumer expectations is pushing occupancy to record highs

NAR has found that the share of first-time homebuyers has contracted by 50% since 2007, as affordable inventory continues to run scarce for those just entering the market

A new National Association of Realtors poll reveals that the average median downpayment for a home was 19%, with first-timers buyers putting down just 10% of the purchase price, and repeat buyers putting down up to 23% of the purchase price

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