REALTOR® University Speaker Series: The Nation's Uneven Recovery of Wealth Across Households: Highlights Video
Dr. Richard Fry, Senior Economist with the Pew Research Center, discusses the importance of home equity and the uneven recovery of wealth of households in different net worth groups in the latest Realtor University Speaker Series.
In this video, NAR Chief Economist Lawrence Yun talks about signs of housing market stabilization and the factors that are preventing growth, such as lack of inventory, continued tight credit restrictions, rising prices without an accompanying rise in incomes, and lack of new homes being built.
WASHINGTON (March 27, 2014) – Pending home sales declined for the eighth straight month in February, according to the National Association of Realtors®. Modest increases in the Midwest and West were offset by declines in the Northeast and South; all regions are below a year ago.
The Pending Home Sales Index,* a forward-looking indicator based on contract signings, dipped 0.8 percent to 93.9 from a downwardly revised 94.7 in January, and is 10.5 percent below February... Read More
REALTORS® generally expect prices to increase over the next 12 months at a modest pace with the median expected price increase at 3.9 percent, according to the latest REALTORS® Confidence Index. Demand has slowed somewhat because of the increase in home values and the cost of borrowing from higher mortgage rates and mortgage insurance premiums for FHA loans. The modest pace of economic growth has also kept the lid on price growth.
The recent securitization of more than 3,000 single family homes has alarmed some housing analysts. NAR's Economists' Outlook blog explains what you need to know.
WASHINGTON (March 20, 2014) – Home prices continued to show solid growth in most of the country due to limited inventory conditions, but rising prices and severe winter weather caused existing-home sales to slip in February, according to the National Association of Realtors®.
In this video, Director of NAR Member and Consumer Survey Research Jessica Lautz talks about differences between generations of home buyers: which generations are doing most of the home buying, and what their stumbling blocks are.
Mirroring broader trends, commercial transactions in REALTORS® markets registered a positive fourth quarter. On a year-over-year basis, sales increased 11 percent in the last quarter, as prices rose 4 percent. Cap rates continued compressing with a 50 basis point decline, from an average of 9.2 percent in the third quarter to 8.7 percent in the last. Multifamily properties recorded the lowest average cap rates, at 7.7 percent, followed by hotels, at 8.0 percent. Office and retail spaces posted cap rates of 8.6 percent and 8.5 percent, respectively.
WASHINGTON (March 11, 2014) – Young home buyers remain optimistic and see their home as a good investment, while older buyers are more likely to trade down to a smaller property to match changing lifestyles, according to the 2014 National Association of Realtors® Home Buyer and Seller Generational Trends study, which evaluates the generational differences of recent home buyers and sellers.
Eight out of 10 recent buyers considered their home purchase a good financial investment, ranging from 87 percent for buyers age 33 and younger, to 74 percent for buyers 68 and... Read More
This Economists' Outlook blog post takes a deeper look at local home price data at the regional, state, and city or metropolitan statistical area (MSA) level.
According to data found in NAR’s annual Profile of Home Buyers and Sellers, home buyers and sellers consistently report they truly rely on referrals from friends and family to find an agent or they use an agent they had worked with before.
Rising home values and an improved economy changed the foreclosure picture dramatically over the last two years. The decline in foreclosures and distressed sales resulted in less downward pressure on prices and more buyer confidence. To find out how your market performed, see the 4th quarter 2013 Local Market Reports.
Data from the January REALTORS® Confidence Index show modest market expansion compared to the rate of market recovery in 2012 through mid-2013.
Pending home sales were essentially unchanged in January, according to NAR. Monthly gains in the South and Northeast were offset by declines in the West and Midwest. Read more in the news release.
WASHINGTON (February 28, 2014) – Pending home sales were essentially unchanged in January, according to the National Association of Realtors®. Monthly gains in the South and Northeast were offset by declines in the West and Midwest.
The Pending Home Sales Index, a forward-looking indicator based on contract signings, edged up 0.1 percent to 95.0 in January from an upwardly revised 94.9 in December, but is 9.0 percent below January 2013 when it was 104.4.
... Read More
While national employment growth has been tepid in recent years relative to typical economic recoveries, some markets have done very well. Roughly a third of markets covered by NAR have outperformed the national average over this time period.
Taking a closer look at Existing Home Sales price data reveals an interesting trend going on in the market.
What data is the best estimate of real trends in the housing market – not just noise? Find out in a recent blog post from NAR's research department.
WASHINGTON (February 24, 2014) – Market fundamentals in commercial real estate continue to improve but at a slower pace, according to the National Association of Realtors® quarterly commercial real estate forecast.
Lawrence Yun, NAR chief economist, said fundamentals are still on an uptrend. “Growth in commercial real estate sectors continues at a moderate pace from a very slow pace of absorption, despite job additions to the economy. Companies appear hesitant to add new space,... Read More
WASHINGTON (February 21, 2014) – Existing-home sales fell in January to the lowest level in a year-and-a-half, but ongoing inventory shortages continue to lift prices in much of the U.S., according to the National Association of Realtors®.
Total existing-home sales1, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, dropped 5.1 percent to a seasonally adjusted annual rate of 4.62 million in January from 4.87 million... Read More