Housing Market Archives - J.P. Cook

The Joint Center of Housing Studies (JCHS) at Harvard University recently released their 2017 State of the Nation’s Housing Study, and a recent blog from JCHS revealed some of the more surprising aspects of the study. The first two revelations centered around the shortage of housing inventory currently available in both existing homes and new

3 Reasons the Housing Market is NOT in a Bubble

June 6, 2017

First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers

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With housing prices appreciating at levels that far exceed historical norms, some are fearful that the market is heading for another bubble. To alleviate that fear, we just need to look back at the reasons that caused the bubble ten years ago. Last decade, demand for housing was artificially propped up because mortgage lending standards

5 Reasons You Should Sell This Summer

June 5, 2017

For Sellers, Selling Your Home

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Here are five reasons listing your home for sale this summer makes sense. 1. Demand Is Strong The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast majority of the country. These buyers are ready, willing and able to purchase… and are in

Is the Current Pace of Home Sales Maintainable?

May 13, 2017

First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers

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There are some experts questioning whether the current pace of residential home sales is maintainable. Are too many people buying homes like in 2004-2006? Are we headed for another housing crisis? Actually, if we look closely at the numbers, we can see that we are looking at a very healthy real estate market. Why 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

Thinking of Selling? Now Is the Time to Act

April 20, 2017

For Sellers, Selling Your Home

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If you thought about selling your house this year, now may be the time to do it. The inventory of homes for sale is well below historic norms and buyer demand is skyrocketing. We were still in high school when we learned the concept of supply and demand: the best time to sell something is

Instant Reaction: March Jobs Report

April 7, 2017

Housing Market Updates

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The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s U.S. Bureau of Labor Statistics’ report on employment conditions in March: “The soft hiring seen in March is not too concerning and likely a single month aberration. The recent high levels of voluntary quitting, presumably because of better job opportunities elsewhere, will lead

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