Economics Archive

Realtor.com®’s First Economist: I’m Anything But Typical

While real estate portals like Zillow and Trulia have long had their own economists providing insights to consumers about the industry, a similar leading figure interfacing with the public has been missing from realtor.com®. Under the agreement between the...
July 28, 2014

Yun on Debt Ceiling: 450,000 Lost Sales with 1% Mortgage Rate Rise

If the federal government fails to increase its borrowing authority prior to when the U.S. Treasury says it will run out of money to pay its bills, debt default is not necessarily the first consequence we’ll see, says NAR...
October 9, 2013

Watch Rates, But Inventory Remains Key

The big challenge for the housing market today remains the lack of inventory, even though interest rates are rising, NAR Chief Economist Lawrence Yun said at his monthly press conference earlier this week in which he released the latest...
July 24, 2013

Market Stabilizing for Long Term, Brokerage Giant CEO Says

Interest rates are rising and home prices are seeing double-digit increases on a national basis, making it clear that real estate is entering a different phase from what we’ve seen in the past several years, when the market was...
June 28, 2013

How Communities Become Nicer Places to Live

For the last several years NAR has been making tens of thousands of dollars a year available to state and local associations for smart growth initiatives and so far more than $1 milion has been given away to 265...
June 17, 2013

Young Adults Sour on Buying? Study Says No

A number of news articles during the thick of the housing bust and even some today suggest that younger households have been spooked out of buying a home because of market uncertainties. “The younger you are, the more freaked...
June 12, 2013

Infographic: Figuring Out First-Time Buyers

Real estate Web site Doorsteps has released an infographic that shows demographic and financial data on first-time home buyers, which includes data from the National Association of REALTORS®’ 2012 Profile of Home Buyers and Sellers. Among the key data...
April 30, 2013

Supply Constraints in West Slow Contract Signings

NAR’s forward-looking pending home sales index slipped 4.4 percent in December, signaling a loss of momentum in contract signings, but the easing seems to be more about inventory shortages than weak demand, NAR Chief Economist Lawrence Yun says. “Clearly...
January 28, 2013

Pending Sales Up but Uncertainty Looms

If any more evidence is needed that home sales are recovering we have it in NAR’s latest pending home sales data, for November, which were released last week. The index is up for the third straight month and it’s...
December 31, 2012

13 Reasons to Look Forward to 2013

When we look back on 2012 a long time from now, it may be viewed as the first year of the recovery, the year in which real estate reversed its course and moved in a more positive direction. With...
December 19, 2012