National Association of Realtors quarterly update reveals mixed trends in housing affordability and market dynamics.
Tagged: National Association of Realtors (NAR)
While overall pending home sales enjoyed an impressive boost, the Midwest, South, and West regions led the way, while the Northeast experienced a slight setback.
Despite a 1% dip in December's existing-home sales, the median price hits a record high of $389,800 in 2023, while housing inventory remains a challenge.
National Association of Realtors reports 0.8% increase month over month.
Lower mortgage rates and rebounding sales are on the horizon.
Rising mortgage rates and limited inventory cast a shadow on real estate market.
National Association of Realtors reports decline in sales across most U.S. regions.
Lawrence Yun anticipates interest rate, increased seller activity, and rebound in international buyers, despite current economic challenges.
A significant income increase required as housing affordability erodes. First-time buyers regain footing in the market.
National Association of Realtors points to potential recovery led by Midwest and South, while emphasizing homebuilders' role in replenishing housing inventory.