Posts by John Yellig

NAR: Limited supply keeps pending-home sales flat in April

Despite solid demand, a dearth of homes for sale kept transaction numbers muted in the association's most recent report on pending...

New-home sales rise for fifth month in a row

A shortage of existing inventory continues to drive buyers to new...

NAR: Existing-home sales and days on market slide in April

Multiple-offer situations have returned with the spring buying season while distressed and forced sales are "virtually nonexistent," the National Association of REALTORS® said....

PulteGroup hires COO

The hire follows the December 2022 firing of the homebuilder's senior vice president for field operations, who had been tapped to become COO on Jan....

Single-family starts rise in April

Single-family permits also posted a gain, indicating even more new homes are headed to today's supply-constrained housing...

Builder confidence rebounds in May on tight existing inventory

Homebuilder optimism was buoyed by continued shortages of new housing inventory, the National Association of Home Builders...

NAR adds fair-housing training requirement to Realtor qualifications

Realtors will be required to complete two hours of training every three years beginning in...

FHFA rescinds “unworkable” fee ahead of implementation

The mortgage industry decried the proposed loan-level pricing adjustment for borrowers with higher debt-to-income...

MBA: Mortgage applications rise on lower rates

Interest rates on mortgages of all types declined last week, spurring an uptick in borrowing, the Mortgage Bankers Association...

Lawrence Yun: Fed rate hike ‘unnecessary and harmful’

NAR Chief Economist Lawrence Yun said the Federal Reserve's latest increase in its benchmark interest rate is an unnecessary threat to many small regional banks....

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