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
In this lecture, Dr. Paul Manchester, a Principal Economist at the Federal Housing Finance Agency (FHFA), discusses how Fannie Mae and Freddie Mac are meeting their goals to increase the access of low income households and households in low-income/high-minority areas to affordable single-family housing and to multifamily rental units.
See the presentation slides for this talk.
Choosing a property has as much to do with assessing the neighborhood as the property itself. Proximity to good schools, transportation options, and the availability of age-appropriate facilities are just some of the important considerations in choosing one’s residence in addition to considering home features. In this talk, Dr. Rodney Harrell, Director, Livable Communities, AARP Public Policy Institute, examines the concept and methodology of the Livability Index and discusses its application in a ranking of neighborhoods.More Information
See the... Read More
We’ve all heard someone say that millennials don’t see the value of buying a home, and that they will remain renters forever; both claims are refuted by research from the National Association of REALTORS®, which found that millennials both see the financial value in homeownership and want to own someday. However, it is true that these attitudes vary a bit by region. According to NAR’s most recent Housing Opportunities and Market Experience (HOME... Read More
In the 2015 Profile of Home Buyers and Sellers, for the first time recent buyers and sellers were asked the following in the questionnaire: “Are you or your spouse or partner currently: 1) an active-duty service member; 2) a veterans; or 3) neither.” Of all home buyers, 18 percent identified as veterans and three percent as active-military. Of all home sellers, 21 percent identified as veterans and one percent as active-military. Collecting the question allowed greater insight into how each population of buyers and sellers differs and is similar to those who have never served... Read More