Economy and Housing Market

Contract signings picked up the pace last month, and home buyers are increasingly facing multiple offer situations. NAR releases its housing forecast for the remainder of the year and 2024.

As rental rates slow, owners may consider returning inventory to the market.

The Fed today would do well to consider the wisdom of Wayne Gretzky.

As the economy improves, mortgage rates could dip as low as the 4% range, bringing buyers back to the market.

The omnibus bill cleared Congress on Friday and now goes to President Joe Biden’s desk for his signature.

Pending home sales continued to fall in October as higher mortgage rates shook buyer confidence. Read more from NAR’s latest home sales report.

October’s lower inflation rate is a welcome sign for a housing market that’s seen steady declines in 2022.

From 2022 NAR NXT, The REALTOR® Experience, Nov. 11-13, Orlando, Fla.

The third quarter may have marked the end of price surges as higher mortgage rates put a damper on projections for property appreciation. Read more from NAR’s latest report.

Economists eye two possible scenarios: Rates could rise to 8% or higher by the end of the year, or they could stabilize. Know what to expect.

Persistent inflation is proving “quite harmful to the housing market,” says NAR Chief Economist Lawrence Yun.