Pending Home Sales on the Rise

According to the National Association of REALTORS, Pending home sales rose in January, and have been above year-ago levels for the past 21 months. NAR Chief Economist Lawrence Yun explains: “Favorable affordability conditions and job growth have unleashed a...

NAR to Release Revised Home-Sale Stats

Last week, NAR issued revised estimates for existing-home sales going back five years, saying the formula it had been using to adjust the sales data it collects from multiple listing services had drifted and was overestimating sales. The benchmark revisions to...