Housing Market Archives - J.P. Cook

The National Association of REALTORS® estimates that home prices will increase in the U.S. around 2 percent on average in 2018, but some individual states are predicted to see more growth or in sames cases decreases. Here is an infographic highlighting some of the states where housing prices are expected to rise and fall the

Looking at Mexican Buyers of U.S. Property on Cindo de Mayo

May 5, 2017

Holiday, Housing Market

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Cinco de Mayo recognizes the Mexican army’s triumph over France at the Battle of Puebla on May 5, 1862. While today gives us a chance to celebrate Mexican culture here in the U.S., many of our Mexican friends own property here. According to NAR’s 2016 Profile of International Activity in U.S. Residential Real Estate, Mexico ranked fifth

WATCH: Lawrence Yun Discusses March Pending Sales, Inventory and Lumber

April 28, 2017

Housing Market

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After last week’s report of a solid 4.4 percent jump in existing-home sales in March, signed contracts to purchase homes split the other way, inching backward 0.8 percent. The reason, according to NAR Chief Economist Lawrence Yun, is simple: too few homes for sale to match the sizable demand this spring to buy a home.

Home Sales Spiked in March…and Sold Fast

April 24, 2017

Housing Market

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An abnormally warm winter, strong consumer confidence and robust underlying demand ended up being the perfect formula to push existing-home sales in March to their highest pace in over 10 years. More notably, despite the fact that supply is extremely tight and buying a home has gotten more expensive, home sales are up convincingly from a

Real Estate on Opening Day: 9 Housing Stats for the 9 Baseball Field Positions

April 3, 2017

Housing Market, Just For Fun

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Play ball! Baseball is a game of numbers just as much as it is of home runs, stolen bases and strikeouts. To celebrate the unofficial first day of spring, Major League Baseball’s Opening Day, the National Association of Realtors® is serving up a fastball of recent real estate facts that correspond to each of the

Existing-Home Sales Hit Rough Patch in February

March 24, 2017

Housing Market

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Talk to a Realtor® in much of the country right now and they’ll all echo a similar narrative: homes are selling quickly because there are not enough listings on the market. It’s why existing sales stumbled in February and price growth accelerated to its fastest pace in over a year (7.7 percent). Even more staggering, inventory

Instant Reaction: February Jobs Report

March 13, 2017

Housing Market

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The following is NAR Chief Economist Lawrence Yun’s thoughts on this morning’s (3/10/17) U.S. Bureau of Labor Statistics’ February jobs report: “The boosts to business and consumer confidence over the past few months is evidently leading to faster hiring. The 235,000 net new job additions in February and 2.3 million over the past year will

Ben Carson Confirmed as HUD Secretary

March 3, 2017

Housing Market, Real Estate

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By a vote of 58-41, the U.S. Senate confirmed Dr. Ben Carson on March 2, 2017 as the next Secretary at the Department of Housing and Urban Development. National Association of Realtors® President William E. Brown laid out the challenges that lie ahead, saying Realtors® look forward to working with Secretary Carson to advance home ownership and

All the Presidents’ Home Prices

February 23, 2017

Housing Market

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There have been nine U.S. presidents since the National Association of Realtors® began its comprehensive reporting of home sales data in 1968. The country and the typical cost to buy a home have changed a lot. To celebrate President’s Day, here is the national median single-family home price at the time each president was sworn

How Will AirBnB and Home Sharing Affect Your Neighborhood?

January 2, 2017

Housing Market, Rentals

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Regulated Home Sharing Begins in Arizona A new law aimed at regulating short term rentals in Arizona through venues like Airbnb and others went into effect on January 1, 2017. Arizona isn’t the first state to try to get a handle on how to regulate the sharing economy. Instead of taking a heavy-handed regulatory approach,