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Posts Tagged NAR

Pending Home Sales See Slight Improvement in September

Pending home sales increased 0.5 percent in September with substantial gains in both the West and Midwest regions, according to the latest information from the National Association of Realtors (NAR). The Pending Home Sales Index (PHSI), a forward-looking indicator based on contract signings, increased 0.5 percent to 104.6 in September from 104.1 in August. Despite the small month-over-month improvement, contact signings continued to drop on an annual basis. September marked the ninth consecutive month of annual declines. NAR Chief Economist Lawrence Yun says that although we’re seeing year-over-year decreases, the latest monthly gain indicates a good, stabilizing trend. “This shows that

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Are Baby Boomers to Blame for Housing Shortage?

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It’s no secret that there’s a shortage of available homes for sale in today’s real estate market. But the reasons behind the shortage are a little less obvious. Some experts believe the low inventory is a result of several factors, among which include homeowners still struggling with low equity as a result of the Great Recession. However, there are some experts that are looking at a particular generation that’s causing a clog in the inventory pipeline: Baby Boomers.

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Akron

1953 Englewood Ave.
Akron, OH 44312
Phone: (330) 798-4677
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Rocky River, OH 44116
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