REALTORS® generally expect home prices to increase in all states and the District of Columbia over the next 12 months.
The information in this infographic is from May 2014 Existing-Home Sales data.
NAR Chief Economist Lawrence Yun talks about the rise in Pending Home sales in May 2014 and gives a forecast of home-buying activity in the coming months.
Pending home sales rose sharply in May, with lower mortgage rates and increased inventory accelerating the market.
Which metro areas are the least expensive places to buy a home in the U.S.?
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Which metro areas are the most expensive places to buy a home in the U.S.?
NAR Chief Economist Lawrence Yun reports that existing-home sales in May 2014 were up solidly from the previous month and inventory levels are improving.
Each month, an expert on housing or the economy is invited to speak at NAR in Washington, D.C. Videos of the lectures are available on Realtor.org and on the REALTOR® University web site.
Existing-home sales rose strongly in May and inventory gains continued to help moderate price growth. All four regions of the country experienced sales gains compared to a month earlier.