Posts by John Yellig

‘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...

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...

Keller Williams brings in former CEO Mark Willis as strategic consultant 

Mark Willis served as Keller Williams CEO from 2005 to...

CoreLogic: Home prices rise again in May, but pace falls to 11-year low 

Despite the declining rate of increase, home prices have risen for the last 136 months, CoreLogic...

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