NAR in the News

A gauge of contract signings from the National Association of Realtors® decreased 4.9% to 74.3, after surging to an eight-month high in December.

With mortgage rates remaining close to 7%, potential home buyers may still be wary to enter the US housing market.

NAR Chief Economist Lawrence Yun discusses home sales rising most since August, and how cash buyers are pushing out first time buyers.

Sales of previously occupied U.S. homes rose in January as home buyers seized upon easing mortgage rates and a modest pickup in properties on the market.

Homeownership among Black Americans, which saw a modest uptick in 2022 compared with the year before, is expected to soar in the future as a result of changing demographics.

Homeownership rates are improving across minority groups, but the gap between White and Black homeowners is now worse than it was one decade ago.

While homeownership rates among all minority groups have increased recently, Black homeownership still lags the furthest behind the White homeownership rate.

The increase in homeownership among millennials comes with an increase in homeownership among minorities.

Homeownership rate among all racial and ethnic groups rose from 63.9% to 65.2% between 2012 and 2022, NAR says.

Asian Americans and Hispanics saw record-high rates of home ownership in 2022, but Black homeownership still lags behind.