Growth in metropolitan area median home prices increased in the third quarter, and more areas are showing gains, according to the latest quarterly report by the National Association of Realtors®.
The damage wrought by Hurricane Sandy will create a market slowdown in the short term, but the areas affected will likely see a big boost in later months.
Another sign of economic recovery: The home ownership rate is no longer falling, and some housing analysts expect it to soon start rising.
Learn how distressed sales can affect your business.
NAR Chief Economist Lawrence Yun talks about pending home sales in September, which were little changed but remain well above a year ago.
Lawrence Yun looks ahead to future housing wealth distribution and the reasons behind it.
Lawrence Yun explains how to understand current employment rate statistics.
NAR's latest pending home sales release suggests that the underlying factors in the improved market are systemic and not due to just one or two transient factors.
Pending home sales were little changed in September but remain well above a year ago.
Economists from the Mortgage Bankers Association sounded an optimistic note at a press conference during the organization's Conference & Expo.