Posts by John Yellig

Case-Shiller: Home-price index just 0.02% off 2022 peak

A fifth consecutive month of increases in the S&P CoreLogic Case-Shiller U.S. National Home Price Index suggests the housing market recovery that began earlier this year is likely to...

‘Collapse’ of housing inventory drives price rebound 

Two weeks after housing inventory turned negative, home prices posted a healthy increase, MarketNsight...

NAR: Existing-home sales decline as median price remains above $400,000 

High mortgage rates and limited inventory continued to weigh on sales activity, National Association of REALTORS®Chief Economist Lawrence Yun...

Housing starts rebound in July after June slump 

Single-family home permits and completions, meanwhile, also rose, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban...

NAR: Pending-home sales rise for the first time in four months 

The industry group issued its housing-market forecast along with its monthly Pending Home Sales Index for...

Federal Reserve raises key interest rate to 22-year high 

National Association of REALTORS® Chief Economist Lawrence Yun took issue with the increase, saying the central bank has created "a rare and very tight monetary policy...

MarketNsight: Housing supply has “collapsed” 

Year over year, housing inventory turned negative for the first time in 13 months in June, the real estate data provider...

NAR: Existing-home sales slow as prices near all-time high 

The median existing-home price for all housing types in June rose to $410,200, 0.9% less than the all-time high of $413,800 reached in June 2022, the National Association of REALTORS®...

NAHB: Builder confidence hits 13-month high 

Low inventory and high demand are buoying builder sentiment in the face of several...

Housing starts post unexpected slide in June 

The drop in the pace of new-home construction follows a significant surge the month before, according to government...

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