National Association of REALTORS® Chief Economist Lawrence Yun talks about the rise in sales of existing homes in April 2016.
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.Survey Highlights
- 58% of REALTORS® closed a commercial sale.
- Sales volume totaled $51.6 billion
- Sales volume... Read More
In this video, NAR Chief Economist Lawrence Yun talks about the things affecting home sales right now: low mortgage rates, employment gains, inflation, gasoline prices, low inventory. He also talks about rising rents and gives an upgraded housing market forecast for 2016.More Information
WASHINGTON (May 26, 2016) — Pending home sales rose for the third consecutive month in April and reached their highest level in over a decade, according to the National Association of Realtors®. All major regions saw gains in contract activity last month except for the Midwest, which saw a meager decline.
The Pending Home Sales Index,* a forward-looking indicator based on contract signings, hiked up 5.1 percent to 116.3 in April from an upwardly revised 110.7 in March and is now 4.6 percent above April 2015 (111.2). After last month... Read More
WASHINGTON (May 20, 2016) — Despite ongoing inventory shortages and faster price growth, existing-home sales sustained their recent momentum and moved higher for the second consecutive month, according to the National Association of Realtors®. A surge in sales in the Midwest and a decent increase in the Northeast offset smaller declines in the South and West.
WASHINGTON (May 19, 2016) — The median age and years of experience of Realtors® has decreased as new and younger professionals enter the industry, according to the 2016 National Association of Realtors® Member Profile.
The survey's results are representative of the nation's nearly 1.2 million Realtors®; members of NAR account for about half of all active real estate licensees in the U.S. Realtors® go beyond state licensing requirements by subscribing to NAR's Code of Ethics and standards of practice and... Read More
These slides were presented by NAR Chief Economist Lawrence Yun at the Commercial Economic Issues & Trends Forum at the REALTORS® Legislative Meetings & Expo in Washington, DC, on May 12, 2016.
WASHINGTON (May 13, 2016) — Millennials are bucking trends, changing the landscape of America, and sharply different from previous generations in many different ways. One of the most visible and consequential ways is through millennial homeownership numbers, according to experts on generational trends and homeownership presenting at the 2016 REALTORS® Legislative Meetings & Trade Expo.
While all generations have their own hardships, opportunities and defining features, millennials are coming of age in a time of deep... Read More
WASHINGTON (May 13, 2016) — Realtors® specializing in commercial real estate expressed confidence in the continued recovery seen in the market but concern over the availability of commercial financing, during a commercial economic issues and trends forum at the 2016 REALTORS® Legislative Meetings & Trade Expo.
National Association of Realtors® Chief Economist Lawrence Yun discussed the forces affecting commercial markets and said that while the overall market is seeing continued recovery, trepidation remains... Read More
These slides are from the Economic and Housing Market Outlook presentation given by Lawrence Yun during the Residential Economic Issues & Trends Forum at the REALTORS® Legislative Meetings & Trade Expo in Washington, DC, on May 12, 2016.
Existing-Home Sales on Course for Best Year since 2006, Student Loan Debt Slowing Prospective Buyers
WASHINGTON (May 12, 2016) – Relentless supply constraints and home price growth outpacing wages are testing the patience of homebuyers this year, but existing-home sales are still on track to come in at their highest pace since 2006, according to an economic forecast forum here at the 2016 REALTORS® Legislative Meetings & Trade Expo.
WASHINGTON (May 11, 2016) – Second Century Ventures, the strategic investment arm of the National Association of Realtors® has accepted RealScout, an agent-branded web and mobile platform, as the eighth company in its 2016 REach® accelerator class. Last month, SCV announced seven other companies had been chosen to be part of the fourth class.
The REach® accelerator program helps introduce innovative... Read More
HUD Secretary Castro, Panelists Discuss Housing Opportunities for Young Adults Repaying Student Debt
WASHINGTON (May 10, 2016) — Struggles exist for many young adults trying to become homeowners, and the burden of repaying their student loan debt is in part delaying their ability to buy, according to speakers at a regulatory issues forum on student debt and homeownership at the 2016 REALTORS® Legislative Meetings & Trade Expo.
The high-profile session discussing the impact student loan debt is having on young households' ability to purchase homes was keynoted by U.S. Housing and Urban Development Secretary Juli... Read More
Using recent research, Federal Reserve Board economists Alvaro A. Mezza, Daniel R. Ringo, Shane M. Sherlund, and Kamila Sommer have estimated the effect of student loan debt on subsequent homeownership. The authors used a uniquely constructed administrative data set for a nationally representative group aged 23 to 31 in 2004 and followed them over time, from 1997 to 2010. These slides are from the presentation and discussion by Daniel Ringo and Alvaro Mezza about this important research.x
REALTOR® University Speaker Series Presentation: The Effect of Student Loans on Access to Homeownership
Using recent research, Federal Reserve Board economists Alvaro A. Mezza, Daniel R. Ringo, Shane M. Sherlund, and Kamila Sommer have estimated the effect of student loan debt on subsequent homeownership. The authors used a uniquely constructed administrative data set for a nationally representative group aged 23 to 31 in 2004 and followed them over time, from 1997 to 2010. These slides are from the presentation and discussion by Daniel Ringo and Alvaro Mezza about this important research.
This presentation is part of the... 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.
- Non‐QM lending tumbled in the 1st quarter from already anemic levels as investor demand for non‐QM loans retreated, but lenders expected it to improve modestly over the next six months.
- Credit access in general is expected to rise over the coming six months driven by gains in prime and near prime lending.
- The share of transactions delayed due to TRID was slashed from 8.3 percent to just 1.8 percent with no cancellations due to TRID.
- Respondents continue to advise for longer rate locks, but nearly three quarters... Read More
WASHINGTON (May 9, 2016) — An uptick in sales activity amidst meager supply levels upheld the trend of unwavering price gains in an overwhelming majority of metro areas during the first quarter of the year, according to the latest quarterly report by the National Association of Realtors®.
The median existing single-family home price increased in 87 percent of measured markets, with 154 out of 178 metropolitan statistical areas1 (MSAs) showing gains based on closed sales in the first quarter... Read More