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Tag Archives: NAR

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 »

Realtors Say First-Time Buyers and Single Women Coming Back into Market

ORLANDO – Two cohorts are finally emerging again after being missing-in-action from the home buying market: first-time buyers and single women. .This is according to the National Association of Realtors annual Profile of Home Buyers and Sellers. After slipping for three straight years, the share of sales to first-time home buyers in the 2016 survey ticked up to 35 percent, ... Read More »

Houston Ranks No. 2 and Dallas No. 1 in National Housing Starts YTD

HOUSTON – Houston ranks No. 2 in the nation in housing starts, behind only the national homebuilding leader, Dallas, according to third quarter statistics from Metrostudy. Through three quarters of 2016, Houston recorded 25,800 starts, a decline of 3,000 starts from the comparable period of 2015. “Houston’s housing market continues to prove to be resilient given the prolonged turbulence in ... Read More »

Realtors: 2016 Will Be The Best Year for Home Sales in a Decade

ORLANDO, Fla. – The market for existing homes sales is healthy and 2016 will be the best year for home sales in a decade when the final sales totals are recorded, said Lawrence Yun, chief economist of the National Association of Realtors, in a speech Friday at the annual Realtors conference in Orlando. Yun said he expects existing home sales ... Read More »

Rising Mortgage Rates Will Restrain Housing Market Gains in 2016

SAN DIEGO – The nation’s home sales will show an uptick next year, although the progress will be impeded by rising mortgage rates, the chief economist of the National Association of Realtors told real estate agents at the organization’s annual convention in San Diego on Friday. “Another year of stronger housing demand and sales will be driven by increasing consumer ... Read More »

Operator of Being Sold to News Corp for $950 Million

NEW YORK– – News Corp, the owner of the Wall Street Journal, has agreed pay about $950 million to acquire Move, the operator of the massive web site, which carries thousands of listings of homes for sale. Move has an exclusive arrangement with the National Association of Realtors, a trade group with 1 million members. REA Group Limited, which is ... 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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