Lawrence Yun

Housing Predictions Ahead: REALTORS® Chief Economist Provides Market Insights

August 28th, 2018
Nearly a decade after the Great Recession, Lawrence Yun, chief economist for the National Association of REALTORS® (NAR), says concerns that the housing market has peaked and is headed toward another slowdown are purely speculative, regardless of recent sales declines...

Market Feels Effects of Rising Rates, Pending Home Sales Pull Back

December 28th, 2016
The housing market is feeling the effects of rising mortgage rates, with pending home sales pulling back to year-lows last month as homebuyers struggled to put purchases in play, according to the National Association of REALTORS® (NAR). NAR’s Pending Home...

What Slowdown? Existing-Home Sales Rise in Unusual November

December 21st, 2016
Existing-home sales increased 0.7 percent to 5.61 million in November, reports the National Association of REALTORS® (NAR), up from 5.57 million in October—reversing the typical trend toward a slowdown at this time of year. The November numbers, up 15.4 percent...

Slipping Buyer Enthusiasm to Give Way to Modest Home Sales in 2017

December 14th, 2016
Enthusiasm among homebuyers has slipped in light of lacking affordability and steadily rising mortgage rates, a disposition expected to give way to a modest gain in existing-home sales in 2017, according to the National Association of REALTORS® (NAR) fourth quarter...

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