NAR Chief Economist Lawrence Yun discusses the decline in pending home sales and rising interest rates, and looks ahead to 2014.
Pending home sales slowed in August, with tight inventory conditions, higher interest rates, rising home prices and continuing restrictive mortgage credit impacting the market.
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Investors are finding it's the little-known areas that may offers some of the highest returns. Here are the top 10 markets offering the highest gross rental yield based on data from RealtyTrac and RentRage.
Higher mortgage rates are curbing loan demand for home purchases and refinancings, according to the Mortgage Bankers Association.
The tight inventory of homes for-sale that plagued many markets in recent months is starting to fade.
Two recent housing reports are confirming the same picture: Home owners are rapidly recapturing the equity they had lost in the last decade.
The number of home owners who owe more on their mortgage than their home is currently worth has dropped from 12.1 million to 7.1 million as of the second quarter of 2013, according to the latest housing scorecard from the Obama administration.
As the peak home-buying season comes to an end, rising inventories and slower, steadier home-price increases in many markets are showing a healthier housing recovery.
NAR Chief Economist Lawrence Yun talks about existing-home sales in August 2013, which reached the highest level in 6.5 years.