Posts by John Yellig

Pending home sales decline for second consecutive month in July 

The modest 1% decline could indicate the current housing cycle is reaching a bottom as mortgage rates recede from their recent high, the National Association of REALTORS®...

New-home sales plunge 12.6% in July 

The median price of a new home sold during the month was up 5.9%, however, according to figures from the U.S. Census Bureau and the U.S. Department of Housing and Urban...

RE/MAX: Dallas median-sales price slides as inventory jumps 

Nationally, the median sales price slid 2.9% from June but rose 8.1% from July 2021, while closed transactions were down 16.6% on a monthly basis and 26.3% on a yearly one, RE/MAX said in its National Housing Report....

NAR: Existing-home sales fall again in July, but could stabilize  

A recent decline in mortgage rates could return some purchasing power to buyers going forward, National Association of REALTORS® chief economist Lawrence Yun...

New-home construction falls 9.6% in July 

The pace of housing starts for both single-family and multifamily residences was down on a month over month basis, the U.S. Department of Housing and Urban Development...

NAHB: U.S. in a “housing recession,” single-family starts will decline in 2022 

The NAHB/Wells Fargo Housing Market Index fell for the eighth straight month in August, as the key measure of builder confidence indicated a pessimistic...

Keller Williams launches new business-development programs for agents 

The brokerage's new "communities" will provide its agents with specialized training, technology, coaching and referral...

Zillow brings Opendoor offers to its platform 

Sellers using Zillow may request and view an offer directly from Opendoor and compare it to an open-market sale with a real estate...

CoreLogic: Home-price increases remain strong in June but continue to slow 

Home prices were up 18.3% on a year-over-year basis and 0.6% month over month. Looking ahead, CoreLogic expects year-over-year appreciation to slow to 4.3% by June...

After May bump, pending-home sales hit June dip 

"Contract signings to buy a home will keep tumbling down as long as mortgage rates keep climbing, as has happened this year to date." — National Association of Realtors chief economist Lawrence Yun...

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