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Mountain-West Region Sees Increased Home Equity
The region had been growing for decades but the pandemic appears to have accelerated that trend. www.nar.realtor – Vacation, Resort, and Second Homes
Existing Home Sales Dropped 1.5% in December
Existing-home sales retreated for the eleventh consecutive month in December, according to the National Association of REALTORS®’ (NAR) recent existing home sales report. NAR’s latest data on existing homes found that total existing-home sales decreased 1.5% to 4.02 million, and YoY sales were down 34% from the 6.09 million last year. Three of the four… […]
Pending Home Sales Slid 4.0% in November
Pending Home Sales Slid 4.0% in November With mortgage rates falling throughout December, home-buying activity should inevitably rebound in the coming months and help economic growth. Media Contact: Lauren Cozzi 202-383-1178
Pending Home Sales Declined 4.6% in October
Pending Home Sales Declined 4.6% in October Month-over-month, contract signings fell in three of four major U.S. regions in October 2022, while the Midwest registered an increase. Media Contact: Lauren Cozzi 202-383-1178
U.S. Home Equity Increases Again in Q2 2022
U.S. homeowners with mortgages (which account for roughly 63% of all properties) saw equity increase by 27.8% year over year, representing a collective gain of $ 3.6 trillion, for an average of $ 60,200 per borrower, since the second quarter of 2021. This is according to the latest Homeowner Equity Report (HER) for the second […]
NAR’s Lawrence Yun Predicts US Home Prices Won’t Experience Major Decline, Could Possibly Rise Slightly in 2023 if Mortgage Rates Remain at 7%
Yun Predicts US Home Prices Won’t See Major Decline Inflation, elevated mortgage rates, and limited housing inventory will prevent large home price drops for most of the U.S. in 2023. Media Contact: Troy Green 202-383-1042 Residential Real Estate
Pending Home Sales Waned 10.2% in September
Pending home sales fell for the fourth consecutive month in September, declining month-over-month and year-over-year in all regions of the U.S. www.nar.realtor – Research
Selling a Second Home— at Least a Part of It
With new apps, real estate pros are offering clients a way to buy vacation homes at a fraction of the cost. www.nar.realtor – Vacation, Resort, and Second Homes
Pending Home Sales Edge Higher 0.7% in May
Pending Home Sales Edge Higher 0.7% in May Pending home sales crept higher in May, ending a six-month streak of declines. However, year-over-year contract activity slid across the U.S. Media Contact: Troy Green 202-383-1042
Remodeling Your Home, Love Your Home!
According to a new report from NAR, homeowners who complete a remodeling project are more satisfied with their home. www.nar.realtor – Real Estate Story Ideas