Total existing-home sales—completed transactions that include single-family homes, townhomes, condominiums and co-ops—rose 3.1% from December to a seasonally adjusted annual rate of 4.00 million in January.
NAR’s Yun to Speak At RPAC Event, Oct. 10
WHITE PLAINS—The Hudson Gateway Association of Realtors will be hosting National Association of Realtors Chief Economist Dr. Lawrence Yun for a special RPAC Breakfast on Oct. 10 beginning at 8:30 a.m.
Dr. Yun will provide an economic update, and the current state of the national, state and local housing market. In addition, he will share an overview of the recently released, “2023 Report on International Transactions in U.S. Residential Real Estate” and the results of HGAR’s local oversample survey of the National Report on international activity in the HGAR local market.
Recently reacting to lower metro sales, Dr. Yun said, “Home sales were down due to higher mortgage rates and limited inventory. Affordability challenges are easing due to moderating and, in some cases, falling home prices, while the number of jobs and incomes are increasing.”
Dr. Yun has been advocating for the Federal Reserve to halt any further mortgage interest rate hikes as it attempts to control inflation.
The program will begin with breakfast and networking, followed by a welcome address by HGAR President Tony D’Anzica and remarks by HGAR 2023 RPAC Co-Chairs, Anthony Domathoti and Ron Garafalo. Yun’s address will begin at 10 a.m. and will include a question and answer session.