The WPJ

Atlantic City

NAR Economist Predicts Uncertainty for the U.S. Housing Market in Coming Months

This week the National Association of Realtors Chief Economist Lawrence Yun sounded the alarm bells as he explained there are significant questions regarding the U.S. housing market's direction over the coming months of 2022.

U.S. Home Sales Slip 2.7 Percent in March

According to the National Association of Realtors, U.S. existing-home sales decreased in March 2022, marking two consecutive months of declines. Month-over-month, sales in March waned in three of the four major U.S. regions while holding steady in the West.

Mortgage Applications Volume Dips in March

Based on new data from the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending March 25, 2022, U.S. mortgage applications decreased 6.8 percent from one week earlier.

Spiking Lumber Prices in U.S. Added $36,000 to New Home Prices in 2021

According to the National Association of Home Builders, soaring lumber prices that have tripled over the past 12 months have caused the price of an average new single-family home to increase by $35,872.

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