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Tag Archives: Lawrence Yun

Houston Home Sales Surge in February

HOUSTON – (Realty News Report) – Houston home sales continued to sprint out of the opening gate in 2018 with a record 5,260 single-family houses sold in February, the Houston Association of Realtors reported. It was the strongest February on record for Houston Realtors and the first time February sales have ever broken the 5,000-mark. Home sales were also strong ... Read More »

NAR Forecast: Home Prices to Jump in 2018

CHICAGO – (Realty News Report) – Median home prices are predicted to rise 5 percent next year, mortgage rates are forecast to gradually increase to 4.5 percent from 4 percent today, and new home sales are expected to jump 13.9 percent to 690,000 during the same period, according to the National Association of Realtors annual forecast. Speaking at the annual ... Read More »

Nation’s Home Market Off to a Slow Start in January

WASHINGTON – The nation’s existing-home sales declined in January to their lowest rate in nine months, but the pace was higher than a year ago for the fourth straight month, the National Association of Realtors announced Monday. Total existing-home sales1, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, fell 4.9 percent to a seasonally adjusted annual ... Read More »

Strongest October in Houston Real Estate History for Existing Homes Sales

HOUSTON – Houston residential realty had its best October ever as 6,639 single-family homes sold in October, the strongest October on record and a 12 percent over last October, according to the Houston Association of Realtors. The Houston housing inventory remains very tight, as home builders have been late to respond to a surge in demand. With the “shale revolution” ... Read More »

National Real Estate Recovery: A Gradual Reality

By Ralph Bivins ANAHEIM, Calif. — The nation’s residential realty market is improving, but it may be two or three years or so until the market is completely healthy again, according to Lawrence Yun, chief economist of the National Association of Realtors. Existing-home sales are forecast to increase about 1 percent in 2011, and then rise another 4 to 5 ... Read More »

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