WASHINGTON (August 12, 2014) – Home-price growth continued to moderate in many metropolitan areas in the second quarter and national year-over-year price appreciation is now at its slowest pace since 2012, according to the latest quarterly report by the National Association of Realtors®.
The median existing single-family home price increased in 71 percent of measured markets1, with 122 out of 173 metropolitan statistical areas2 (MSAs)... Read More
Many people choose to change location when they retire. This infographic shows the migration flows for retirees (65 years +) in the 100 largest metropolitan areas. Specifically, the map compares the percentage of people (any age) moving from different states to, and the percentage of retirees moving and living in, these cities.
Most Americans agree that traffic congestion is a major problem in their communities, and congestion seems to be getting worse. Dr. Anthony Downs discusses the problems of traffic congestion—based on his book Still Stuck in Traffic.
In her lecture for the REALTOR® University Speaker Series, Jennifer Bradley focuses on a new approach to revitalizing urban areas and creating more jobs though the integration of technology and community networking.
New home sales slid in June. The decline is not a reflection of slower housing demand, but more related to homebuilders putting up fewer homes. Whatever builders build, they are able to find buyers reasonably quick. But the homebuilding industry has been hampered by a labor shortage and the difficulty of obtaining construction loans.
The mortgage market was buffeted by a number of changes in 2013 and 2014. Among them were higher fees at the FHA. NAR Research' s second Survey of Mortgage Originators includes questions about the impact of changes to the FHA program on consumers.
The homeownership rate fell to 64.8 percent in the second quarter. It marks the lowest ownership rate in nearly 20 years. After peaking at 69 percent in 2004, the ownership rate has been steadily falling, at first from the aftermath effects of housing market bubble-crash to the ongoing tight mortgage availability conditions now.
In this video, NAR Chief Economist Lawrence Yun talks about the slight drop in pending home sales, the so-called "lock-in effect," the top three reasons people move, and the capital gains tax.
WASHINGTON (July 28, 2014) – After three consecutive months of solid gains, pending home sales slowed modestly in June, according to the National Association of Realtors®.
The Pending Home Sales Index,* a forward-looking indicator based on contract signings, declined 1.1 percent to 102.7 in June from 103.8 in May, and is 7.3 percent below June 2013 (110.8). Despite June’s decrease, the index is above 100 – considered an average level... Read More
WASHINGTON (July 24, 2014) – First-time homebuyers have been largely absent from the housing market in the current economic recovery, but some metropolitan areas – particularly in the Midwest and West – are well positioned to see increases in home-buying from the Millennial generation in upcoming years, according to new research by the National Association of Realtors®.
NAR analyzed current housing conditions, job creation and population trends in metropolitan statistical areas1 across the U.S. to... Read More
Where are the best markets for aspiring Millennial homebuyers? New NAR research identifies ten metropolitan areas that have a young adult population with solid job growth rates and relatively affordable home prices.
- Austin already has a large number of Millennials while job growth remains strong.
- Dallas has a large number of Millennials living in the city and strong job growth.
- Denver has seen a solid... Read More
WASHINGTON (July 22, 2014) – Existing-home sales increased in June and reached an annual pace of 5 million sales for the first time since October 2013, while rising inventory continues to push overall supply towards a more balanced market, according to the National Association of Realtors®.
New lending rules (ATR/QM rule) that went into effect on Friday, January 10th, 2014 requires that originators make a good faith effort to verify a borrower’s ability to repay their mortgage and imposes stiff penalties if they do not. These rules make sense to protect the consumer, but can also give lenders pause.