NAR Archives - Better Dwelling

US Enters A “Housing Recession” As Sales Fall Back To May 2020-Levels

Daniel Wong — Thu, 18 Aug 2022 21:03:06 +0000

The US real estate market just went from hot to a recession in a matter of weeks. The National Association of Realtors (NAR) reported existing-home sales fell for a sixth consecutive month in July. Buyers are now buying the fewest homes since the start of public health measures. NAR even went so far as to […]

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US Existing-Home Sales Fell For A Fifth Month, Western States See Prices Fall

Daniel Wong — Wed, 20 Jul 2022 22:15:13 +0000

US real estate isn’t exactly slow, but it’s a big change from last year’s market. National Association of Realtors (NAR) existing-home data shows sales fell again in June. It was the fifth consecutive month to see a drop, while inventory continued to rise. The market is still tight, but showing its first sign of weakness […]

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US Pending Home Sales Down 13% From Last Year, Industry Forecasts Slower Sales

Daniel Wong — Mon, 27 Jun 2022 21:27:05 +0000

American agreements to buy existing-home sales improved better-than-expected, but still trended lower. The National Association of Realtors (NAR) Pending Home Sales Index (PHSI) made a small improvement in May. However, pending home sales, a leading indicator of future home sales, is way below last year. NAR expects this trend to continue, forecasting existing-home sales will […]

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US Real Estate Demand Is Falling Faster Than Inventory

Daniel Wong — Fri, 24 Jun 2022 02:23:17 +0000

Rising interest rates are cooling the US real estate market. National Association of Realtors (NAR) data shows existing-home sales fell in May. They didn’t just fall, though. Home sales fell significantly faster than homes listed for sale, helping to push the months of inventory towards more historic levels. US Home Prices Are Still Rising, But […]

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US Pending Home Sales Fell Except In The South And Midwest

Daniel Wong — Tue, 30 Nov 2021 04:21:37 +0000

The trend of US home buyers fleeing expensive coastal regions is still happening, according to the latest contract data. In October, the National Association of Realtors (NAR) Pending Home Sales Index (PHSI) showed a mixed movement. The national index is lower than last year but that’s not the case for half of the regions. Last […]

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US Existing-Home Sales Fell For The First Time In Over A Year, Price Growth Slows

Daniel Wong — Thu, 23 Sep 2021 03:48:13 +0000

US home buyers are busy with purchases, but there are fewer present than a few months ago. National Association of Realtors (NAR) data shows home sales fell in August. The drop was accompanied by a decline in inventory as well. Despite the relatively neutral market position, price growth is starting to slow. US Existing-Home Sales […]

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Foreign Investment In US Real Estate Falls To A Decade Low: NAR

Daniel Wong — Mon, 26 Jul 2021 22:00:12 +0000

Despite a booming US real estate market, foreign buyers have been sitting this one out. National Association of Realtors (NAR) data shows foreign buyers made a big drop in the year ending March 2021. The pandemic didn’t have much of an impact on budgets, but fewer buyers came to market. Foreign Buyers Spent 27% Less […]

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US Existing Home Sales Climb, But Inventory Is Climbing Even Faster

Daniel Wong — Thu, 22 Jul 2021 22:35:30 +0000

American home sales broke their losing streak last month, with sales finally climbing. National Association of Realtors (NAR) data shows existing-home sales jumped in June. The increase breaks the declining trend over the past 4 months, which has seen sales slip lower. At the same time, inventory climbed even more quickly than sales. Inevitably this […]

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The US Real Estate Bubble Now Has More Realtors Than Homes To Sell

Stephen Punwasi — Thu, 24 Jun 2021 03:20:49 +0000

The US real estate boom is looking a little bubbly in one more way — a surge in new Realtors. The National Association of Realtors (NAR) saw membership soar in May. Membership is now growing at the highest rate since 2006, as more people try to get in on the gold rush. It’s going to […]

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US Existing-Home Sales Fall Over 3%, Prices Hit A Record High of $329,000

Daniel Wong — Fri, 23 Apr 2021 16:49:38 +0000

The number of U.S. existing-home sales is falling, but it’s definitely not a drag on price growth. The National Association of Realtors (NAR) data shows existing-home sales fell in March. The drop in sales is largely attributed to falling inventory. This has created more pressure on home prices, driving them to new record highs. U.S. […]

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