NAR Chief Economist: Latest Contract Signing Dip Is Temporary

NAR Chief Economist: Latest Contract Signing Dip Is Temporary Home Buyers Are Stretching Their Searches Out to the Exurbs Want to Know How Much Your Home is Worth?

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Lawrence Yun, NAR chief economist, said February’s pending home sales decline is coming off a solid gain in the prior month. “In January, pending contracts were up close to 5 percent, so this month’s 1 percent drop is not a significant concern,” he said.

NAR Chief Economist Lawrence Yun explains the difference between existing-home sales and pending home sales, discusses regional variations in pending contracts, and talks about what’s ahead for.

Lawrence Yun, NAR chief economist: "The stock market correction hurt consumer confidence, record high home prices cut into affordability and mortgage rates were higher in October and November for.

A strong increase in the number of pending residential real estate sales in the US is being hailed as a sign that the property market is recovering. Figures from the National Association of Realtors.

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Pending home sales fell on an annual basis for the 11th consecutive month in November, according to the latest report from the National Association of Realtors. NAR chief economist lawrence yun.

The Pending Home Sales Index, a forward-looking indicator based on contract signings, decreased 4.7% to 104.6 in January. This is down from a downwardly revised 109.8 in December, and marks the.

The effect is waning, said Richard DeKaser, chief economist at Woodley Park Research in Washington. Transactions probably will fall to a 4.55 million pace in the three months ending in September, the.

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 · In this video, NAR Chief Economist Lawrence Yun talks about the slight drop in pending home sales, the so-called "lock-in effect," the top three reasons people move, and the capital gains tax. 0.

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