Sales of existing homes rose in July even with constraints of affordable inventory, and the national median price is showing five consecutive months of year-over-year increases.
The relocation reports present information on county-to-county migration flows within the United States, the average incomes of households moving between counties, demographic summaries of homeownership rates, and types of home mortgages obtained.
Median existing single-family home prices are rising in more metropolitan areas, but a lack of inventory is limiting buyer choices in more markets around the country.
Lawrence Yun discusses the reasons for the slip in Pending Home Sales in June 2012.
Listen to an interview with NAR President Moe Veissi on XM radio where he talks about encouraging signs in the housing market, including year-over-year price increases, lower inventory, and even multiple bids in some instances. He provides tips for people considering buying a home and what to do ahead of time before beginning the search for the perfect home.
Pending home sales declined in June but marked 14 consecutive months of year-over-year gains.
Local inventory data from Realtor.com confirms that most markets have a measurably lower inventory now compared to one year ago.
NAR Chief Economist Lawrence Yun talks about existing-home prices, which continued to show gains but sales fell in June with tight supplies of affordable homes limiting first-time buyers,
Existing-home prices continued to show gains but sales fell in June with tight supplies of affordable homes limiting first-time buyers, according to the National Association of Realtors®.
In the latest Voices of Real Estate blog post, NAR Immediate Past President Ron Phipps highlights 10 lessons REALTORS® should learn as the housing market recovers.