As the peak home-buying season comes to an end, rising inventories and slower, steadier home-price increases in many markets are showing a healthier housing recovery.
In this video, NAR Chief Economist Lawrence Yun talks about the rise in home prices, inventory, sales pace, the rise in interest rates, and what these statistics mean for the housing market.
The recovery of the new-home market picked up speed in August, with builders beginning construction on more single-family homes and building permits soaring to a five-year high.
WASHINGTON (September 19, 2013) – Existing-home sales increased in August and reached the highest level in six-and-a-half years, while the median price shows nine consecutive months of double-digit year-over-year increases, according to the National Association of Realtors®.
The questions and answers in this quiz were taken from the 2013 Profile of Real Estate Firms, which presents the analysis of data gathered from REALTORS® who are executives at real estate firms. There were 6,671 respondents to the survey conducted in August 2013.
"The national upward trend in remodeling is unmistakable," says an industry spokesman about the latest remodeling index results.
Join Jessica Lautz, NAR Research's Director of Member and Consumer Survey Research, as she discusses the recently released 2013 NAR Profile of Real Estate Firms, based on a survey of firm executives who are members of the National Association of REALTORS®. The report provides insight into the business characteristics, business activity, franchised firms, benefits and education at firms, and the future outlook of firms.
As prices rise, more home owners are regaining equity. But some metros are still facing a disproportionate number of underwater home owners.
The proportion of investors involved in the housing market has fallen in the last few months. As their numbers dwindle, it may allow other buyers to step in.
At the 2013 Leadership Summit, 2014 NAR Treasurer Mike McGrew and NAR Senior Vice President and Chief Economist Lawrence Yun present the latest housing statistics and economic forecast.
The condo sector has seen lackluster growth the last few years, but it may finally be experiencing a turnaround.
Now 291 U.S. housing markets are listed as "improving," but that may be partially explained by a change in the method used to calculate the measure.
WASHINGTON (September 10, 2013) – Most real estate firms are small, independent businesses that specialize in residential brokerage, with 69 percent of all firms expecting profitability to increase over the next year, according to the 2013 National Association of Realtors® Profile of Real Estate Firms.
Paul Bishop, NAR vice president of Research, said the industry sees greater competition in tandem with the housing market recovery. “Two out of three real estate firms expect competition in the marketplace to increase, both among firms and nontraditional... Read More
Borrowing costs for home buyers and refinancers just got more expensive this week.
Find out which markets have experienced the largest changes in homeownership rates since 2004.
After gross domestic product revisions, business spending shows growing confidence in the first half of the year. The first quarter spending was down 4.6 percent, with a decline driven by a 25.7 percent drop in spending on commercial structures. However, the second quarter posted a much better performance, with an annual growth rate of 4.6 percent. Spending on commercial buildings rose 6.8 percent. Businesses also increased their spending on information processing and transportation equipment by 11.4 percent and 5.5 percent, respectively. The new component of business spending—... Read More
Builders are facing rising lot prices, likely to be passed on to buyers of new homes.
Home price appreciation remains strong but may show some signs of slowing in the coming months, according to two housing reports released Tuesday.
Home ownership among households with children dropped 15 percent from 2005 to 2011, the Census Bureau reports
More Americans are opting to live alone, with single buyers making up a quarter of all home purchases last year. Being a single buyer can pose challenges, such as qualifying for a mortgage with just one income.