NAR economist predicts post-shutdown real estate ‘boom’
NAR Chief Economist Lawrence Yun said Friday there could be a brief bump in home sales after the government shutdown. Here are the other market forces he’s watching.
Category: National Association of Realtors
More problems for homebuyers as government shutdown hits 30 days
Fannie and Freddie will want government employees to show they have reserves, and some homeowners are now outside the 30-day grace period for National Flood Insurance Program renewals.
Virginia Realtors: Zillow’s touring agreement may not be legal
Earlier this week, Zillow launched a new “touring agreement,” a nonexclusive contract for buyers and agents to use for home tours. The real estate giant was prompted to do this by the… Read more »
Mortgage rates poised to drop to 5.5% in 2024: Bloomberg
Most economists forecast mortgage rates to decline in 2024, stoking optimism about the housing market. According to the newest Bloomberg Markets Live Pulse Survey (MLIV Pulse), the rate on the… Read more »
Existing home sales are working from a historic low bar
Today, we saw existing home sales slip a bit month to month, which isn’t surprising to me as purchase application data started its positive run in November. That data line… Read more »
Home Sales Attempt to Recover After 2.4% Slide in March
As affordability constraints and lack of inventory remains a struggle for many potential homebuyers, existing-home sales edged lower in March, according to the National Association of Realtors. New data revealed… Read more »
Experts Anticipate ‘Strong Activity’ for the 2021 Housing Market
The National Association of Realtors (NAR) released a 2021 consensus outlook on the economy and housing market at its virtual Real Estate Forecast Summit. The consensus includes predictions from more… Read more »
Future of remote work unclear, according to NAR
Since the pandemic caused many employers to shift employees to remote work – some indefinitely – homeowners have left cramped spaces in large cities and retreated to more suburban and… Read more »
Homebuilder Confidence on the Rise
According to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI), builder confidence in the market for newly-built single-family homes rose an impressive seven points to 37…. Read more »
The Week Ahead: Will Housing Starts, Permits Rebound?
The U.S. Census Bureau will release its latest number surrounding housing starts, permits, and completions for April. Numbers last month for March found housing data fell off the cliff. Housing… Read more »