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Lawrence Yun

Existing-home sales up in February, market faces spring challenges

Bright MLS, Existing home sales, Housing Market, HWmember, Lawrence Yun, Mortgage Rates, National Association of Realtors, Real Estate /

U.S. existing-home sales rose slightly in February, increasing 1.7% from the previous month, though activity remained lower than a year earlier, according to new data released Tuesday by the National Association of Realtors (NAR). The organization reported sales reaching a seasonally adjusted annual rate of 4.09 million in February. Compared with the same month last […]

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Pending home sales rise in November as lower rates spur buyers

Affordability, Data & Visuals, Housing Inventory, Housing Market, HWmember, Lawrence Yun, National Association of Realtors, Pending Home Sales /

November’s declining mortgage rates enticed more homebuyers to come off the sidelines, resulting in an uptick for the National Association of Realtors’ (NAR) Pending Home Sales Index (PHSI).  According to NAR data released Monday, pending home sales were up 3.3% month over month in November, as the PHSI rose to a reading of 79.2. On

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Pending home sales flat in September as affordability challenges persist

Data & Visuals, Housing Market, HWmember, Lawrence Yun, Mortgage Rates, National Association of Realtors, Pending Home Sales /

The number of contract signings stayed flat month over month, as the National Association of Realtors’ (NAR) Pending Home Sales Index stalled at a reading of 74.8 in September. An index reading of 100 is equal to the level of contract activity in 2001. “Contract signings matched the second-strongest pace of the year. However, signings

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Existing-home inventory up 14% from a year ago

Existing home sales, Housing Inventory, Housing Market, HWmember, Lawrence Yun, Real Estate /

After falling slightly in August, existing home sales were back on the rise in September, according to data released Thursday by the National Association of Realtors (NAR).  Month-over-month, the paces of existing home sales rose 1.5% in September to a seasonally adjusted annual pace of 4.06 million. This represents a 4.1% annual increase.  “As anticipated,

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