“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 https://t.co/78d4FH6Ceu
“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
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. https://t.co/brXV1nqTjd #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. https://t.co/Usbtz6Ioiv
The evening is set for a conversation about sustainability, transportation, housing …. And 🌳 🌲 🌳!
The @nardotrealtor Community & Stewardship Series is coming to @CityOfBoise on April 14 from 3-6pm at the @GroveHotelBoise Grand Ballroom. Our team w/ @TVCanopy is ….
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. https://t.co/4HJ5yHe3fH
@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%). https://t.co/ZY7U1m4LVw
Approximately nine out of 10 metro markets registered home price gains in the fourth quarter of 2022 despite mortgage rates eclipsing 7%. https://t.co/6D4XdhQ9BG
Housing market: ‘Key question will be whether there will be sufficient supply,’ economist says https://t.co/yhh4b0T3cx 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 https://t.co/jyWwBbRAPv @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. https://t.co/CqAgapu5z9