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Updated: 5 weeks 6 days ago

Lawrence Yun Statement on Today's Federal Reserve Rate Hike

June 15, 2017

“The latest rate hike is partly justified from ongoing economic expansion and also a steadily falling unemployment rate. However, the Federal Reserve should be mindful of the lower than expected rate of inflation and the consequent low interest rates on long-dated bonds, like 10-year Treasury and 30-year mortgage rates. An inversion in interest rates of short-term fed funds being higher than long-term bond yields can easily pull down the economy into a recession. We are getting closer to that inversion point.”

5 Hurdles to Buying a Home

June 15, 2017

Despite steadily improving local job markets and historically low mortgage rates, the U.S. homeownership rate is stuck near a 50-year low because of a perverse mix of affordability challenges, student loan debt, tight credit conditions, and housing supply shortages.

... Read More

5 Root Causes for U.S.’s Depressed Homeownership Rate: New Study

June 15, 2017

BERKELEY, Calif., (June 9, 2017) – Despite steadily improving local job markets and historically low mortgage rates, the U.S. homeownership rate is stuck near a 50-year low because of a perverse mix of affordability challenges, student loan debt, tight credit conditions and housing supply shortages.

That’s according to findings of a new white paper titled, “Hurdles to Homeownership: Understanding the Barriers” released today in recognition of National Homeownership Month at the National Association of... Read More

May 2017 Foot Traffic

June 15, 2017

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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... Read More

Commercial Real Estate International Business Trends 2017

June 15, 2017

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Highlights:

In contrast to the large cap commercial market transactions reported by RCA, most REALTORS® who specialize in commercial real estate managed investment deals averaging less than $2.5 million per deal, frequently located in secondary and tertiary markets. The Commercial Real Estate International Business Trends 2017 focuses on this significant segment of the economy and real estate markets.

  • 20% of respondents closed a sale... Read More

Realtors® Survey: Led By China, Foreign Investment in U.S. Commercial Real Estate on the Rise

June 15, 2017

WASHINGTON (June 6, 2017) — One-fifth of surveyed Realtors® practicing in commercial real estate closed a sale with an international client in 2016, and as foreign investors flock to smaller-sized commercial properties in secondary and tertiary markets, many Realtors® are confident that increased sales and leasing activity will occur in 2017.  

This is according to the 2017 Commercial Real Estate International Business Trends survey released today by the National Association of... Read More

Commercial Real Estate International Trends 2017

June 15, 2017

The data in this visual presentation comes from the Commercial Real Estate International Trends 2017 report. 

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Instant Reaction: May Jobs Report

June 15, 2017

The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s U.S. Bureau of Labor Statistics jobs report for May:

“Although  job gains in May were on the soft side (138,000), the annual figure has been fairly consistent at over 2 million net new job creations. This implies that housing demand, which is more determined by long-term consistent prospects, still remains strong. But home sales may nonetheless not rise commensurately with job gains because of the ongoing lack of inventory. Home construction has to swing higher. The fact... Read More

Affordability Challenges to Homeownership

June 15, 2017

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These slides are from Dr. Lawrence Yun's presentation "Affordability Challenges to Homeownership," given in Washington, DC on June 1, 2017 at the HUD Conference on A New Era of Homeownership. 

Pending Home Sales Scale Back 1.3 Percent in April

June 15, 2017

WASHINGTON (May 31, 2017) — Pending home sales in April slumped for the second consecutive month and were down year-over-year nationally and in all four major regions, according to the National Association of Realtors®. Only the West saw an increase in contract signings last month.  

The Pending Home Sales Index,* www.nar.realtor/topics/pending-home-sales, a forward-looking indicator based on contract signings, decreased 1.3 percent to 109.8 in April from a downwardly revised 111.3 in March. After last month... Read More

Contract Signings Decline for Second Straight Month

June 15, 2017

In this video, NAR Chief Economist Lawrence Yun talks about April pending home sales, mortgage rates, and the relationship between housing and the economy.

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REALTOR® University Speaker Series: Single-family Rental: Market Update and Rent Growth Measurement

June 15, 2017

In this presentation, Dr. Frank Nothaft presents CoreLogic’s methodology on a recently developed single-family rent index and factors that affect rent growth in the U.S. and across major metro areas. He offers his insights on the economic factors that account for the differences in rents across key metro areas and the likely direction of rents and cap rates in these areas.

Survey of Mortgage Originators, First Quarter 2017

June 15, 2017

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Highlights

This quarter marks the 14th Survey of Mortgage Originators and the first full quarter under the new administration. This survey covered lenders’ experiences in the 1st quarter of 2017 and questions on potential changes to the CFPB, the Qualified Mortgage rule, and the Small Creditor Portfolio Rule. 

  • Non-QM lending moderated, while rebuttable presumption gained, but willingness to originate both... Read More

REALTOR® University Speaker Series: Single-family Rental: Market Update and Rent Growth Measurement

June 15, 2017

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These presentation slides are from Dr. Frank Nothaft's talk about the rental market and rent growth measurement. Dr. Nothaft is the Chief Economist at CoreLogic.

REALTOR® University Speaker Series: The 2017 Economic and Budget Outlook Presentation Slides

June 15, 2017

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These presentation slides are from Dr. Jeffrey Werling's talk about the 2017 economic and budget outlook. Dr. Werling is the Assistant Director of the Macroeconomics Analysis Division of the Congressional Budget Office.

Existing-Home Sales Slip 2.3 Percent in April; Days on Market Falls to Under a Month

June 15, 2017

WASHINGTON (May 24, 2017) — Stubbornly low supply levels held down existing-home sales in April and also pushed the median number of days a home was on the market to a new low of 29 days, according to the National Association of Realtors®.

Total existing-home sales1, https://www.nar.realtor/topics/existing-home-sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, dipped 2.3 percent to a seasonally adjusted annual rate of 5.57 million in April from... Read More

April 2017 Existing-Home Sales

June 15, 2017

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The information in this infographic is from March 2017 Existing-Home Sales data.

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Alex Nowrasteh's Presentation Slides: Housing Markets Are International

June 15, 2017

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These slides are from the "Housing Markets Are International" presentation given by Alex Nowrasteh during the Commercial Economic Issues & Trends Forum at the REALTORS® Conference & Expo in Washington, DC, on May 19, 2017. 

Danielle Hale's Presentation Slides: Housing Markets Are International

June 15, 2017

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These slides are from the "Housing Markets Are International" presentation given by Danielle Hale during the Commercial Economic Issues & Trends Forum at the REALTORS® Conference & Expo in Washington, DC, on May 19, 2017.