Home buyers benefit from the ability to build equity in their home faster. Equity helps borrowers to refinance during an economic crisis, to save for a trade‐up purchase, to access a business loan, and to shape their retirements. The key is balancing equity with other home buyer priorities like affordability.
The Blended Rate Equity Driver (BRED) mortgage, a new mortgage product proposed by Director of Housing Finance and Regional Economics Ken Fears, gives home owners more options and puts more equity in their pockets. This report is an introduction to BRED.
In this video, NAR Chief Economist Lawrence Yun talks about the housing market and its potential for further growth, what to expect in the fall and winter months, and he explains the price declines over the past couple of months.More Information
WASHINGTON (September 28, 2015) — Pending home sales retreated in August but remained at a healthy level of activity and have now risen year–over–year for 12 consecutive months, according to the National Association of Realtors®. A modest increase in the West was offset by declines in all other regions.
In this video, NAR Research staff talk about how home buyers are using technology when they're preparing to buy a home. The findings come from a new report called Real Estate in a Digital Age.More Information
REALTORS® utilize technology every day. Staying up to date with new technology is important, but also cited as one of the biggest challenges for firms in the next two years. This infographic looks at how REALTORS® are connecting with customers in the digital space.More Information
WASHINGTON (September 21, 2015) — Following three straight months of gains, existing–home sales dipped in August despite slowing price growth and a positive turnaround in the share of sales to first–time buyers, according to the National Association of Realtors®. None of the four major regions experienced sales increases in August.
Like the rest of the world, real estate has gone digital. This report takes a look at how buyers use technology to search for homes and how REALTORS® use technology to get ahead.Highlights:
- The world we live in today is a digital one, and searching for a home is no different. Buyers now have apps that let them search by location and neighborhoods. Online listings have virtual tours so viewers can look at a bunch of potential homes while narrowing down their search to a select few in the effort to save time. Online searching maximizes the ability to compare... Read More
WASHINGTON (September 17, 2015) — Even though more consumers are using the Internet as a tool during their home search, buyers are increasingly utilizing the knowledge and expertise of a real estate agent, according to the National Association of Realtors®' Real Estate in a Digital Age report.
"Consumers have the ability to do more home buying research online and be more connected during the home search process than ever before, but research proves they are still seeing the value a Realtor®... Read More
This infographic uses data from the new Real Estate in a Digital Age report to show how home buyers use technology to find the homes they buy. The report covers use of technology by home buyers, real estate agents, and real estate firms.More Information
Every month SentriLock, LLC. provides NAR Research with data on the number of properties shown by a REALTOR®. Lockboxes made by SentriLock, LLC. are used in roughly a third of home showings across the nation. Foot traffic has a strong correlation with future contracts and home sales, so it can be viewed as a peek ahead at sales trends two to three months into the future. This infographic shows the latest index data along with trends and changes.
This infographic looks at the reasons for recent population growth in cities in the U.S.
This infographic looks at commercial sales data from the first half of 2015, including both large and small commercial markets.
WASHINGTON (September 9, 2015) — Despite positive improvements in the labor market in recent years, new home construction is currently insufficient in a majority of metro areas and is contributing to persistent housing shortages and unhealthy price growth in many markets, according to new research from the National Association of Realtors®.
NAR measured the volume of new home construction relative to the number of newly employed workers in 146 metropolitan statistical areas1 (MSAs) throughout the U.S. to determine whether... Read More
In October of 2015, the new TRID rules will go into effect changing the way closings are performed. NAR Research surveyed members about their awareness and preparation for the changes.Highlights:
- More than 80% of respondents had taken some form of training on TRID
- In preparation, more than half of respondents will alter their purchase agreements to include a longer time horizon.
- Over the 12‐month period ending in August, 9.1% of closings were delayed due to an issue in the lending process, while only 1.2% were canceled.
- 71... Read More
In this video, NAR chief economist Lawrence Yun talks about pending home sales figures for July 2015, the relationship between the stock and housing markets, and the significance of the recent stock market decline in China.More Information
WASHINGTON (August 27, 2015) — Pending home sales were mostly unchanged in July, but rose modestly for the sixth time in seven months, according to the National Association of Realtors®.
The Pending Home Sales Index,* a forward-looking indicator based on contract signings, marginally increased 0.5 percent to 110.9 in July from an upwardly revised 110.4 in June and is now 7.4 percent above July 2014 (103.3). The index has increased year-over-year for 11 consecutive months and is the third highest... Read More