NAR in the News

Pending home sales dropped 6.6% in May on a year-on-year basis.

Pending home sales fell in May to an all-time low, as U.S. home buyers grappled with elevated mortgage rates and rising home prices.

According to six economists who spoke with MarketWatch, home prices are not likely to fall anytime soon - at least nationally. 

Contrary to popular belief, boomers might not have had easier roads when they bought their first homes.

Depending on your market, you might easily be able to acquire stats for, say, Black or Asian homeownership.

U.S. home prices hit an all-time high in May, 2024,  with the median price jumping 5.8% from the year prior, while sales saw a 2.8% decline.

May is typically peak season for buying and selling houses. But fewer existing homes were sold last month than in April.

The latest existing-home sales data for May came in lower by 0.7% for the month of May, with the median sales price of homes reaching $419,300.

Home prices reaching new highs are creating a wider divide between those owning properties and those who wish to be first-time buyers.

The national median existing-home price in May 2024 was $419,300, a record in data going back to 1999.