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There are affordable metro areas in the U.S. right now with above-average hiring and a large segment of current renters who earn enough income to qualify to buy a home.
NAR reviewed employment growth, household income and qualifying income levels in nearly 100 of the largest metropolitan statistical areas across the country to determine which areas with employment gains above the... Read More
Existing-home sales for July 2016 fell 3.2% as low inventory in many parts of the country continued to affect buyer choices and made prices rise. In this video, NAR Chief Economist Lawrence Yun talks about the numbers and the real estate market.
WASHINGTON (August 24, 2016) — Slowed by frustratingly low inventory levels in many parts of the country, existing-home sales lost momentum in July and decreased year-over-year for the first time since November 2015, according to the National Association of Realtors®. Only the West region saw a monthly increase in closings in July.
WASHINGTON (August 12, 2016) — In some school districts across the country, kids are already heading back to school after the summer break. While households with children commonly choose to buy a home in the late spring to get settled in before the new school season starts, rising home prices and a lack of homes for sale may mean more families have been forced to continue their house hunt into fall.
"In a fast moving market with fewer homes for sale and rising prices, more buyers find themselves in need of a real estate professional to help them find the right home and... Read More
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The information in this report comes from NAR's Profile of Home Buyers and Sellers, and is about the characteristics of families with children who are buying or selling a home.
- The median days on market to find a buyer was 32 days in May (the shortest time on record) and 34 days in June (tied with June 2015).
- With inventory pressure on the market, the vast majority of consumers still prefer buying and selling a home... Read More
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.
WASHINGTON (August 10, 2016) — Home prices maintained their robust, upward trajectory in a vast majority of metro areas during the second quarter, causing affordability to slightly decline despite mortgage rates hovering at lows not seen in over three years, according to the latest quarterly report by the National Association of Realtors®. The report also revealed that for the first time ever, a metro area – San Jose, California – had a median single-family home price above $1 million.... Read More
The REALTORS® Commercial Real Estate Market Trends measures quarterly activity in the commercial real estate markets, as reported in a national survey. The survey collects data from REALTORS® engaged in commercial real estate transactions. The survey is designed to provide an overview of market performance, sales and leasing transactions, along with information on current economic challenges and future expectations.Highlights
- 66 percent of REALTORS® closed a commercial sale.
- Sales volume rose 8.4 percent from a year ago.
- ... Read More
- Non‐QM lending remained in a slump in the 2nd quarter despite a modest improvement in investor demand for these loans.
- Credit access in general was expected to rise over the coming six months driven by gains in non‐QM and rebuttable presumption.
- The share of transactions delayed due to TRID eased further to 1.7 percent with a slight uptick in TRID‐related cancelations.
- Half of lenders passed increased costs to consumer with a weighted average increase of $258. Lenders were more reluctant to originate smaller loans in... Read More
DOWNLOAD (3.22 MB)Highlights:
The NATIONAL ASSOCIATION OF REALTORS® Commercial Member Profile details the business and demographic characteristics of NAR commercial members. Commercial members have expertise in the field of commercial real estate and have experience working in many property types.
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WASHINGTON (July 28, 2016) – The median annual income and number of sales transactions of National Association of Realtors® commercial members decreased slightly as the number of new commercial members significantly increased in 2015, according to the 2016 NAR Commercial Member Profile.
The number of commercial members with less than two years of experience nearly doubled to 9 percent in 2016, from 5 percent in 2015. The annual study's results represent Realtors®, members of NAR, who conduct all or part of... Read More
In this video, NAR Chief Economist Lawrence Yun talks about June existing-home sales, inventory decline, home prices, rental rates, and the relationship of real estate to the stock market, economic growth, and employment gains. He also gives his real estate forecast for the months ahead.
WASHINGTON (July 27, 2016) — Pending home sales were mostly unmoved in June, but did creep slightly higher as supply and affordability constraints prevented a bigger boost in activity from mortgage rates that lingered near all-time lows through most of the month, according to the National Association of Realtors®. Increases in the Northeast and Midwest were offset by declines in the South and West.
WASHINGTON (July 21, 2016) — Boosted by a greater share of sales to first-time buyers not seen in nearly four years, existing-home sales maintained their upward trajectory in June and increased for the fourth consecutive month, according to the National Association of Realtors®. Only the Northeast saw a decline in closings in June, and sales to investors fell to their lowest overall share since July 2009.