National Association Of Realtors
From Staff Reports While 2022 hasn’t exactly turned out to be a picnic for the real estate industry, many industry forecasts are predicting 2023 to be a challenging year. Looking into his crystal ball, National Association of Realtors chief economist and senior vice president of research, Lawrence Yun, made his predictions for 2023 at NAR’s…
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Staff Report Amid the backdrop of high inflation, elevated mortgage rates, and slowing sales activity, severely limited housing inventory will prevent large home price drops for most of the country next year, according to NAR Chief Economist Lawrence Yun. Yun analyzed the current state of the residential real estate market and shared his 2023 outlook…
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It seems cruel that, just when listings are posting “price improvements” and the number of days on market are inching upward, interest rates are making what was once buying power for a $400,000 home barely enough to snatch up something in the $300s. According to the most recent housing affordability report from the Texas Real…
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For some reason, Texas seems to be appealing to the Euro crowd. The latest Texas International Homebuyers Report released by Texas Realtors showed that our state ranked third nationally for homes sold to international buyers from April 2020 to March 2021. Texas again ranked behind Florida and California in homes sold to international buyers. Texas…
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The National Association of Realtors just released a report showing existing home sales sliding by 5.9 percent in July from the previous month. That’s the sixth month in a row of declining sales numbers. Statewide statistics reflect a cooling market, too, with closed sales down 16.1 percent for July according to recently released numbers from…
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