June
Existing-Home Sales Slipped 5.4% in June; Median Sales Price Jumps to Record High of $426,900
Existing-Home Sales Slipped 5.4% in June Homes are sitting on the market longer, and sellers are receiving fewer offers as a slow shift occurs from a seller’s market to a buyer’s market. Media Contact: Troy Green 202-383-1042
Consumer Confidence Reverses Course and Decreases in June
As consumers continue to see little relief from inflation—with the Consumer Price Index registering no change in May and the Fed again holding the line with no rate changes—confidence reversed course and fell slightly in June. Consumer confidence decreased from 101.3 in May to 100.4 in June, according to the latest data from The Conference… […]
Broker Power Hour Webinar, June 2023
Recording of the June 2023 Broker Power webinar which includes Fair Housing and C2EX topics. www.nar.realtor – Fair Housing
June Cover Story: An Inspiring Past, a Limitless Future
Leading Real Estate Companies of the World® Marks 60th Anniversary by Honoring Members and Innovating for the Next Chapter Any company that makes it to the 60-year mile marker in business most likely has a history peppered with change, growth, big wins and bumps in the road—all of which have served to make it adaptable,… […]
Housing Affordability Conditions Fade as Mortgage Rates Push Monthly Payments Higher in June 2022
The monthly mortgage payment increased by 5.3% in June 2022, compared to the prior month, while the median family income increased by 1.4%. www.nar.realtor – Research
Instant Reaction: Mortgage Rates, June 30, 2022
The 30-year fixed mortgage rate dropped to 5.7% from 5.81% the previous week. Although rates are significantly higher than last year, they are still historically low, remaining below 6%. www.nar.realtor – Research
Monday Minute: Week of June 13, 2022
Both the House and the Senate are in session this week. What issues should REALTORS® follow? Fair housing bills markup. www.nar.realtor – Fair Housing
Instant Reaction: CPI Inflation, June 10, 2022
Rising rents and home prices (not part of CPI Inflation) have caught up with multiple years of housing underproduction of single-family homes and apartments. www.nar.realtor – Research
Existing-Home Sales Expand 1.4% in June
Existing-Home Sales Expand 1.4% in June Existing-home sales rose month-over-month in all major U.S. regions except the South, and all regions saw double-digit gains year-over-year. Media Contact: Quintin Simmons 202-383-1178
Instant Reaction: Jobs, June 4, 2021
The job market continues to make progress with 551,000 net new additions in May. Another 7 million jobs are still needed to get us back to pre-pandemic conditions. www.nar.realtor – Research