Lawrence Yun

Home sales fell sharply in March and weekly mortgage applications plunged as high interest rates and economic uncertainty stifled demand as the spring home-buying season got underway.  The Details: Sales of previously owned homes in March fell 5.9% from February to 4.02 million units on a...

President Donald Trump’s tariff announcements led to a sell-off in the stock market and prompted investors to move to safer assets such as Treasury bonds. The 10-year Treasury yield declined and the average 30-year fixed mortgage rate dropped from 6.75% to 6.55% last week.  Mortgage Rates:...

Wall Street is digesting a slew of economic data Thursday following updates on pending home sales, jobless claims and fourth quarter GDP estimates. Here's a look at the data and how the markets are reacting.  GDP: The second estimate released Thursday by the U.S. Bureau of Economic Analysis revised...

Existing home sales saw a decline of 0.7% in August, reaching a seasonally adjusted annual rate of 4.04 million, marking a 15.3% drop from the previous year. The dip in home sales comes as median existing-home sales prices climbed 3.9% from a year ago to $407,100, marking the third consecutive...

As housing data continues to roll in, Tuesday's Existing Home Sales figure offers a mixed picture of the U.S. market. The existing home sales print, alongside factors including the earnings reports from homebuilder giants and home improvement bellwethers can offer investors a clear sight into what...

In a move that came as no surprise on Wednesday, the Federal Reserve raised the federal funds rate by 25 basis points to a range of 5.25%-5.5%, marking the highest borrowing cost level since February 2001. Following a short hiatus in June, the rate hike resumed, accumulating a total increase of 5....

According to the National Association of Realtors' most recent quarterly report, home prices rose in the vast majority of metro areas in the third quarter of 2022, pushing up the median income required to buy a home in the U.S. as purchasers battled mortgage rates that were close to 7%. Of the...

Previously owned home sales fell 5.9% in July compared to June, and 20% from one year ago, entering the U.S housing markets into an official recession, according to Lawrence Yun, chief economist for the National Association of Realtors. The sales count decreased to a seasonally adjusted yearly pace...

The National Association of Realtors reported Thursday that its U.S. Pending Home Sales Index rose 5.9% in the month of July, marking the third straight month of rising home sales. The gain exceeded economist expectations of a 3% increase, according to Reuters. Booming Market: The housing market...

The National Association of Realtors reported on Thursday that existing home sales rose in September, marking a reversal from the previous two months, which saw a decline. Total existing home sales for September rose 3.2 percent to a seasonally adjusted annual rate of 5.47 million after reading 5....

Existing home sales in the U.S. rose in June and received a strong boost from first-time buyers. According to the National Association of Realtors, existing home sales rose 1.1 percent in June to a seasonally adjusted annual rate of 5.57 million. Sales are now higher by 3 percent compared to...

While it may take years to determine just how much the U.K.’s Brexit vote will impact global economies around the world, the Brexit has already had a meaningful impact on one major U.S. market: housing. Stock markets have been rattled, and global economic growth is now facing a number of...

U.S. pending home sales climbed 3.5 percent to 109.1 in the month of February. The index now sits at its highest level since July of last year. The latest data point was especially important following January's relatively weak number. February marks the 18th consecutive year-over-year (Y/Y)...

August pending home sales came in 1.4 percent lower than the July number. The National Association of Realtors reports that high prices are more to blame for a decline in sales than weakening demand. Total existing home sales for 2015 are projected to come in about 7.0 percent higher than 2014...