Tag

Lawrence Yun

All articles tagged with #lawrence yun

business8 days ago•33 min saved

April Pending Home Sales Rise 1.4% Amid Cautious Housing Outlook

April pending-home-sales rose 1.4% month-over-month and 3.2% year-over-year, with gains in the Northeast, Midwest and West and a decline in the South. NAR Chief Economist Lawrence Yun says buyers are cautiously optimistic despite higher mortgage rates, but without a meaningful rise in supply, price growth could outpace wages and curb homeownership. The Pending Home Sales Index remains a leading indicator for closings, with notable local-year gains and the next release scheduled for June 17.

via National Association of REALTORS®|

#business #housing-market #lawrence-yun

real-estate4 months ago•40 min saved

December Pending Home Sales Fall 9.3% Amid Tight Inventory

December 2025 pending-home-sales fell 9.3% from November and 3.0% year over year, with declines in all regions (Northeast -11.0% MoM, Midwest -14.9%, South -4.0%, West -13.3%); the South showed a YoY gain of 2.0% while other regions were down. Inventory remained tight at about 1.18 million homes—the lowest level of 2025—despite rising closing activity. NAR Chief Economist Lawrence Yun cautions that seasonality and scarce listings may have dampened demand in the short term, though several metro areas still posted notable YoY gains per Realtor.com Economics.

via nar.realtor|

#housing-market #inventory #lawrence-yun

real-estate4 months ago•44 min saved

December Existing-Home Sales Jump 5.1% as Rates Ease and Inventory Tightens

December existing-home sales rose 5.1% month-over-month to a 4.35 million seasonally adjusted annual rate, but were down 1.4% from December 2024; inventory fell to 1.18 million (3.3 months’ supply) while the median price rose 0.4% year-over-year to 405,400. Single-family sales climbed 5.1% to a 3.95 million SAAR with a $409,500 median, and condos/co-ops rose 5.3% to 400,000 with a $364,400 median. Regions all posted MoM gains (Northeast +2.0%, Midwest -2.0%, South +6.9%, West +6.6%). The 30-year fixed mortgage averaged 6.19% in December, down from 6.24% in November. NAR Chief Economist Lawrence Yun says conditions improved in Q4 thanks to lower rates, but inventory remains tight and more listings are expected in February.

via National Association of REALTORS®|

#existing-home-sales #housing-statistics #lawrence-yun

real-estate3 years ago•1 min saved

Mortgage market sees mixed results amidst interest rate fluctuations.

Pending home sales rose just 0.8% month to month in February, according to the National Association of Realtors, as higher mortgage rates took some of the juice out of the housing recovery. Sales were 21.1% lower than February last year. However, sales moved higher month to month in every region except the West, where they fell 2.4%. The affordable U.S. regions – the Midwest and South – are leading the recovery, while home prices have eased considerably since last summer, but housing is still expensive by historical standards.

via CNBC|

#housing-recovery #lawrence-yun #mortgage-rates