Lawrence Yun - Articles

Home Price Rise 'Unsustainable,' Realtors Report Says

By Diana Olick For six straight months, home prices have been leaping in double digits from a year ago. In May, the median existing home sale price was 15.4 percent higher nationally than May of 2012, according to a new report from the National Association of Realtors. The Realtors themselves say that kind of jump is... Continue Reading »

5 Reasons Housing Will Continue to Improve

By Brian O'Connell Wall Street was abuzz over Home Depot on Monday as the stock climbed to a 52-week high on a strong earnings report stemming from a burgeoning housing market. "In the first quarter, we saw less favorable weather compared to last year, but we continue to see benefit from a recovering housing market that... Continue Reading »

Home Affordability Likely Hit Record High in 2012

2012 will probably go down as the most affordable year on record for homebuyers, according to the National Association of Realtors. A combination of depressed home prices and rock-bottom interest rates created perfect-storm home buying conditions that Americans may not see again for decades, experts say. NAR's Housing... Continue Reading »

Housing Market On the Rise in 2012, Expert Says

Gradual improvement in the housing market is expected next year, with existing-home sales edging up 4% to 5% and new home sales getting an even bigger boost off this year's record lows, the chief economist of the nation's largest real estate group said Friday. "Tight mortgage credit conditions have been holding back... Continue Reading »

Mortgage Tax Break: What If It Goes Away?

Realtors have gotten used to bad news over the last few years -- but the chatter about eliminating the mortgage tax deduction at last week's National Association of Realtors conference in New Orleans must have rattled them to their bones. Thomas Hoenig of the Federal Reserve Bank of Kansas City made the suggestion during... Continue Reading »

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