Realtors® cited a lack of inventory as the leading reason limiting potential clients from completing a transaction, according to the National Association of Realtors®’ (NAR) 2021 Member Profile, an annual report analyzing members’ business activity and...
Year-over-year price gains hit 77 months in a row By Jeff Sorg, OnlineEd Blog (August 23, 2018) (PORTLAND, Ore.) – Existing-home sales fell in July 2018 to their slowest pace since February 2016, according to a report by the National Association of...
Median Sale Price Hits $377,100 By Jeff Sorg, OnlineEd Blog (December 22, 2017) (WASHINGTON, D.C. – HUD) Sales of new single-family houses in November 2017 were at a seasonally adjusted annual rate of 733,000. This is 17.5 percent (±10.4 percent) above the...
Unless sizeable supply gains occur for new and existing homes, prices and rents will continue to exceed wages By Jeff Sorg, OnlineEd Blog (December 1, 2015) – Lawrence Yun, chief economist for National Association of REALTORS®, buyers struggling to overcome a scant...
Inventory of all homes for sale nationwide fell 6.5 percent year-over-year By Jeff Sorg, OnlineEd Blog SEATTLE, Wash. (July 30, 2015) – There were fewer homes for sale in June than there were a year ago, increasing competition for potential buyers this home shopping...