NAR’s other predictions for 2023 include a 5.7% mortgage rate.
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Category: Lawrence Yun
NAR: Pending-home sales slide for fifth consecutive month in October
October’s 4.6% monthly drop follows a 10.2% decline in September, the National Association of REALTORS® reported.
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NAR: Existing-home sales fall again in October as prices continue to rise
The median existing-home price rose for the 128th month in a row, extending its record-breaking streak of increases.
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NAR NXT annual conference to take place in Orlando
Realtors around the country will gather in Orlando, Florida next week for the 2022 NAR NXT, The Realtor® Experience.
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NAR: Pending-home sales drop 10.2% in September
September is the fourth month in a row to see declining sales activity.
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NAR: Existing-home sales fall for eighth month in a row in September
Month over month in September, existing-home sales slid 1.5% to 4.71 million, which is 23.8% lower than the year before.
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NAR: High mortgage rates bring third monthly decline in pending-home sales
The National Association of REALTORS® expects existing-home sales to close 2022 15.2% lower compared to 2021, thanks to economic uncertainty and rising mortgage rates.
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NAR: Existing-home sales fell in August while prices rose
The median existing-home price for all housing types in August was $389,500, a 7.7% rise from the year before.
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NAR: Existing-home sales fall again in July, but could stabilize
A recent decline in mortgage rates could return some purchasing power to buyers going forward, National Association of REALTORS® chief economist Lawrence Yun said.
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Federal Reserve raises interest rates by .75% — again
Matching June’s historic move, the Federal Reserve announced that interest rates are rising .75%. The target range for the federal funds rate now sits between 2.25% and 2.5%.
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