Lawrence Yun
NAR Chief Economist Forecasts Existing Home Sales Will Rise 15% Next Year; Mortgage Rates Will Range Between 6%-7% by Spring 2024
Pent-up demand and falling interest rates will drive demand in 2024. People will say "life goes on" and the market will move again.
NAR: Typical Home Buyer's Annual Household Income Climbed to Record-High $107,000 in 2023
Home buyers' median income jumped to a record high of $107,000, but they faced less competition thanks to higher interest rates and by offering larger down payments.
NAR: More Than 80% of Metro Areas Registered Home Price Increases in Third Quarter of 2023
Among the major U.S. regions, the South saw the largest share of single-family existing-home sales (46%) in the third quarter, with year-over-year price appreciation of 1.7%. Prices also grew 5.3% in the Northeast, 5.2% in the Midwest and 0.6% in the West.
NAR: U.S. Pending Home Sales Grew 1.1% in September
WASHINGTON—Pending home sales rose 1.1% in September, according to the National Association of Realtors. The Northeast, Midwest and
Northeast Existing-Home Sales Rose 4.2% in September; High Demand Sparked 5.2% Price Increase
WASHINGTON—Existing-home sales faded in September, the National Association of Realtors announced today. Among the four major U.S. regions,
NAR Chief Economist Yun Predicts Better Times Ahead in 2024 for Residential Real Estate Market
WHITE PLAINS—After detailing a laundry list of problems that have caused a “difficult year” for the real estate markets
U.S. Pending Home Sales Fell 7.1% in August
WASHINGTON—Pending home sales slid 7.1% in August, according to data released by the National Association of Realtors on
Northeast Home Sales Flat in August; Down Nearly 23% From Year Earlier
WASHINGTON—Existing-home sales moved lower in August, according to the National Association of Realtors. Among the four major U.S.
Existing-Home Sales in the Northeast Declined Nearly 6% in July
WASHINGTON—Existing-home sales receded in July, according to the National Association of Realtors. Among the four major U.S. regions,
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
NAR: Almost 60% of Metro Areas Posted Home Price Gains in the Second Quarter of 2023
WASHINGTON—The National Association of Realtors reports that almost 60% of metro markets (128 out of 221) registered home price
NAR: Foreign Investment in U.S. Existing-Home Sales Declined 9.6% to $53.3 Billion
WASHINGTON—Foreign buyers purchased $53.3 billion worth of U.S. existing homes from April 2022 through March 2023, slipping
