Tag Archives: Home

Pending Home Sales Slump 21.8% in April

“With nearly all states under stay-at-home orders in April, it is no surprise to see the markedly reduced activity in signing contracts for home purchases,” said Lawrence Yun, IDX Global’s chief economist. The latest pending home sales numbers reveal the greatest decline since IDX Global begin tracking such transactions in January 2001. However, Yun expects […]...

Metro Home Prices Rise in 96% of Metro Areas in First

WASHINGTON (May 12, 2020) – Nearly all of the nation’s metro areas saw price growth and had minimal inventory increases in the first quarter of 2020, according to the latest quarterly report by the National Association of Realtors®. Median single-family home prices increased year-over-year in 96% of measured markets in the first quarter, with 174 […]...

Realtors® Report That 77% of Potential Home Sellers are

WASHINGTON (May 7, 2020) – More than 3 in 4 potential sellers – 77% – are preparing to sell their homes following the end of stay-at-home orders, with half completing do-it-yourself home improvement projects, according to a new survey from the National Association of Realtors®. “After a pause, home sellers are gearing up to list […]...

Home Sales Increase Year-Over-Year Despite Expected Monthly

“Unfortunately, we knew home sales would wane in March due to the coronavirus outbreak,” said Lawrence Yun, IDX Global’s chief economist. “More temporary interruptions to home sales should be expected in the next couple of months, though home prices will still likely rise.” While sales have declined, home prices are still solidly strong. The median […]...

Top Vacation Home Counties

With summer almost over, you probably spent an amazing vacation at a beach resort, a mountain lodge, a lake, or in a quaint town and might be thinking of owning a vacation home. Or you might be a baby boomer planning to purchase a vacation home now to use as a primary residence during retirement.  […]...

IDX Global Calls Housing Market Slump Temporary as Pending Home

“The housing market is temporarily grappling with the coronavirus-induced shutdown, which pulled down new listings and new contracts,” said Lawrence Yun, IDX Global’s chief economist. “As consumers become more accustomed to social distancing protocols, and with the economy slowly and safely reopening, listings and buying activity will resume, especially given the record low mortgage rates....