Lauren Cozzi

Compared to one year ago, pending home sales decreased in the Northeast but improved in the Midwest, South and West. #NARPHS

“Home sales are projected to rise significantly in each of the next two years as the market steadily returns to normal sales activity,” added Yun. #NARPHS

NAR also released its Economic Outlook as of January 2024, projecting a 13% increase in existing-home sales in 2024 (from 2023) to 4.62 million and a 15.8% increase in 2025 (from 2024) to 5.35 million. #NARPHS spr.ly/6011T2fnF

“Job additions and income growth will further help with housing affordability, but increased supply will be essential to satisfying all potential demand.” - Lawrence Yun #NARPHS

“The housing market is off to a good start this year, as consumers benefit from falling mortgage rates and stable home prices,” said Lawrence Yun, NAR chief economist. #NARPHS

The Pending Home Sales Index (PHSI) increased to 77.3 in December. Year over year, pending transactions were up 1.3%. #NARPHS

Pending home sales in December elevated 8.3%, according to the National Association of Realtors®. The Midwest, South and West posted monthly gains in transactions while the Northeast recorded a loss. spr.ly/6012T22yk #NARPHS

NAR partners with @NationalForests to plant 215,000 trees in Idaho national forests this year. This action will capture 107,500 metric tons of carbon dioxide emissions over their lifetime. spr.ly/6010OMjjg

@nardotrealtor @NationalForests

@nardotrealtor @NationalForests

It’s All About Curb Appeal: The Simple #Landscaping Task That Can Boost Your #Home’s Value the Most realtor.com/news/trends/th… @nardotrealtor @NAR_Research @NARMedia #outdoor #remodeling

The 2023 Remodeling Impact Report: Outdoor Features by NAR and the National Association of Landscape Professionals finds that most REALTORS® (92%) suggest that sellers improve the curb appeal of their home before listing it for sale. ow.ly/UNk750Nl6sj @the_nalp

The largest shares of REALTORS® that recommended completing an outdoor project before sale were for landscaping-related projects: landscape maintenance (74%), standard lawn care service (53%) and tree care (44%). spr.ly/60163fssy

Approximately nine out of 10 metro markets registered home price gains in the fourth quarter of 2022 despite mortgage rates eclipsing 7%. ow.ly/8QPX50MOgvM

Housing market: ‘Key question will be whether there will be sufficient supply,’ economist says finance.yahoo.com/video/housing-… via @YahooFinance w/ @NAR_Research

Steve Rattner—In a year, a typical home payment has gone from $1200 to $2200. @Morning_Joe economic analyst Steve Rattner discuses how higher costs are putting homes out of reach for 1st-time homebuyers, particularly buyers of color. @nardotrealtor msnbc.com/morning-joe/wa… @msnbc

Despite sales contracting, about 1/4 of homes are moving above asking price, homes are moving in 21 days, and the typical seller had 2.4 offers. Higher rates are hurting buyers, but those who can enter are competing for limited inventory. cnbc.com/2022/11/18/hom…

‘It’s Never Our Time’: First-Time Home Buyers Face a Brutal Market @nardotrealtor nytimes.com/2022/11/11/rea…

4 Ways the #Sustainability Niche Can Transform Your Business nar.realtor/magazine/real-…

NAR Chief Economist Lawrence Yun reacts to latest Census Bureau data on housing starts. ow.ly/HzxP50LH1Ib