Lawrence Yun

U.S. Inflation Climbs to New Heights in May

June 10th, 2022
U.S. inflation has again risen to new heights, as recent reports from the U.S. Bureau of Labor Statistics (BLS) indicate that its consumer price index (CPI) climbed in May. The agency released its CPI summary on Friday morning, showing that...

Existing-Home Sales Slip in May Under Rising Mortgage Rate Environment

June 21st, 2022
Rising mortgage rates—and subsequently the widening affordability gap—have sent ripples throughout the housing market that the National Association of REALTORS® (NAR) suggests have kept existing home sales on a downward track in May. Sales of previously-owned homes slid by 3.4%...

Real Estate Forecast Summit Happening on Dec. 15

November 24th, 2021
NAR PULSE—Join National Association of REALTORS® Chief Economist Dr. Lawrence Yun and a panel of experts for this free webinar, Dec. 15 from 1 to 3 p.m. ET. They will review 2021 and discuss the forces that will shape the real estate...

Pending Home Sales See Modest Increase in May

June 27th, 2022
As the 2022 housing market continues its transition from the frenzy of the past year, recent data from the National Association of REALTORS® (NAR) shows that contract signings, which have been on a downward trend since the start of the...

NAR to Host Forecast Summit on Dec. 15

December 2nd, 2021
The National Association of REALTORS® (NAR) will be hosting its Real Estate Forecast Summit: The Year Ahead on Dec. 15 at 1 p.m. ET, taking a look at the economy and residential and commercial real estate markets. During this free,...

NAR Chief Economist Addresses Senate Banking Committee on the State of Housing in America

July 21st, 2022
Lawrence Yun, chief economist for the National Association of REALTORS® (NAR), today told the U.S. Senate Committee on Banking, Housing, and Urban Affairs that he does not foresee a nationwide decline in home prices despite indications that price growth is...

NAR 2022 Forecast Focuses on Inventory, Affordability and Equity

December 17th, 2021
With one spectacularly unique year coming to a close and the start of a particularly uncertain year looming, the National Association of REALTORS® (NAR) held a virtual Forecast Summit bringing together a swath of experts to hopefully provide both perspective...

Pending Home Sales Dip in Every Region in June

July 27th, 2022
New data from the National Association of REALTORS® (NAR) shows that contract signings decreased in June, following a slight rebound in May, providing further evidence that the 2022 housing market is beginning to cool. NAR’s Pending Home Sales Index (PHSI),...

2022 Housing Market Faces Changes Amid Economic and Regulatory Activity

January 12th, 2022
With real estate professionals gearing up for another strong year, two of the industry’s leading experts dove into the most significant economic and regulatory issues on the horizon and their implications for the real estate market, during RISMedia’s Real Estate...

NAR’s REACH Labs Announces Chicago Expansion

August 2nd, 2022
The National Association of REALTORS®’ REACH Labs program, which identifies and connects innovative early-stage startups to the REALTOR® community, recently announced its expansion to Chicago to launch its first multi-association and multiple listing service (MLS) REACH Lab. Collectively representing over...
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