The industry group issued its housing-market forecast along with its monthly Pending Home Sales Index for June.
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Category: Lawrence Yun
Federal Reserve raises key interest rate to 22-year high
National Association of REALTORS® Chief Economist Lawrence Yun took issue with the increase, saying the central bank has created “a rare and very tight monetary policy condition.”
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NAR: Existing-home sales slow as prices near all-time high
The median existing-home price for all housing types in June rose to $410,200, 0.9% less than the all-time high of $413,800 reached in June 2022, the National Association of REALTORS® said.
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NAR to host virtual Real Estate Forecast Summit
The National Association of REALTORS will hold a virtual Real Estate Forecast Summit on Wednesday, Aug. 2.
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NAR: Pending-home sales dip in May as demand remains strong
Transactions that do go through are typically seeing multiple offers, NAR Chief Economist Lawrence Yun said.
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NAR: Existing-home sales tick higher in May
At the same time, the median existing-home price for all housing types slid 3.1% year over year to $396,100.
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NAR: Limited supply keeps pending-home sales flat in April
Despite solid demand, a dearth of homes for sale kept transaction numbers muted in the association’s most recent report on pending sales.
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NAR: Existing-home sales and days on market slide in April
Multiple-offer situations have returned with the spring buying season while distressed and forced sales are “virtually nonexistent,” the National Association of REALTORS® said.
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Lawrence Yun: Fed rate hike ‘unnecessary and harmful’
NAR Chief Economist Lawrence Yun said the Federal Reserve’s latest increase in its benchmark interest rate is an unnecessary threat to many small regional banks.
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NAR: Low inventory drives pending-home sales lower in March
High demand drove multiple offers on about a third of pending sales, while 28% of homes sold above list price, the National Association of REALTORS® reported.
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