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What is the FUTURE of REAL ESTATE?
Lawrence Yun is Chief Economist and Senior Vice President of Research at the NATIONAL ASSOCIATION OF REALTORSNAR’s Existing Home Sales statistics, Affordability Index, and Home Buyers and Sellers Profile Report. He regularly provides commentary
Dr. Yun creates NAR’s forecasts and participates in many economic forecasting panels, among them Blue Chip and the Harvard University Industrial Economist Council.
Dr Yun spoke at our recent real estate conference, and has testified before Congress. Dr Yun has been listed as one of the top 10 economic forecasters in the country and he has been named among the Most Influential Real Estate Leaders by INMAN News over the past several years.
So we Realtors listen when Mr Yun speaks!
Existing-home sales rose in October for the second straight month and are now above year-over-year levels for the first time in a year. Read the full news release.
Next release: Existing-Home Sales for November is scheduled for December 22, 2014.
Current sales rates, actual totals and median prices by month going back 12 months. Annual totals for three years. Includes all existing-home sales — single-family, condos and co-ops — rolled into monthly and annual totals. This file contains figures for the nation and four regions. It does not contain breakouts.
Figures for the nation only — includes total existing-home sales, single-family sales and condo/co-op sales — seasonally adjusted and actual. Months supply by category also included. Median and average sales prices for all existing-home sales, for single-family sales and for condo-co-op sales.
Each February, NAR Research incorporates a normal review of seasonal activity factors and fine-tunes historic data for the past three years based on the most recent findings. Revisions have been made to monthly seasonally adjusted annual sales rates for 2011 through 2013, as well as the inventory month's supply data; most revisions are minor with little or no impact on previous characterizations of the overall market. There are no revisions to monthly home prices (single family and condo) or to raw inventory data (beyond normal prior-month revisions).
A buyer could eventually ask an agent about how a home functions – such as how well it heats or the amount of electricity it uses during certain parts of the day – and receive an immediate answer with detailed graphics and analysis,” said Carpenter. “That information may not be readily available to buyers today, but it’s coming soon as more individuals use their smartphone to connect their home to the internet.” Click HERE to read this article
One stop shop for all homes for sale online with every Broker! Click here to
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