NAR Chief Economist Lawrence Yun Says Mortgage Rates' Fast Rise Hurt Housing Market

WASHINGTON (June 3, 2025) – National Association of Realtors® Chief Economist Lawrence Yun said existing home sales will increase by 6% in 2025 and by 11% in 2026 during the "Residential Economic Issues & Trends Forum" at the NAR 2025 REALTORS® Legislative Meetings. Yun forecasted that new-home sale

New York home sales slide in April amid higher inventory and steady mortgage rates

Despite a slight uptick in housing inventory and continued mortgage rates below seven percent, existing home sales in New York State declined in April, according to the housing report released today by the New York State Association of REALTORS® (NYSAR). Closed sales of homes fell 6.2 percent in Apr