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Updated: 10 hours 14 min ago

REALTORS® and the New Closing Process Survey

10 hours 14 min ago

In October of 2015, the new TRID rules will go into effect changing the way closings are performed. NAR Research surveyed members about their awareness and preparation for the changes.

Highlights:
  • More than 80% of respondents had taken some form of training on TRID
  • In preparation, more than half of respondents will alter their purchase agreements to include a longer time horizon.
  • Over the 12‐month period ending in August, 9.1% of closings were delayed due to an issue in the lending process, while only 1.2% were canceled.
  • 71... Read More

July 2015 Pending Home Sales Up Slightly

10 hours 14 min ago

In this video, NAR chief economist Lawrence Yun talks about pending home sales figures for July 2015, the relationship between the stock and housing markets, and the significance of the recent stock market decline in China.

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Pending Home Sales Inch Forward in July

10 hours 14 min ago

WASHINGTON (August 27, 2015) — Pending home sales were mostly unchanged in July, but rose modestly for the sixth time in seven months, according to the National Association of Realtors®.

The Pending Home Sales Index,* a forward-looking indicator based on contract signings, marginally increased 0.5 percent to 110.9 in July from an upwardly revised 110.4 in June and is now 7.4 percent above July 2014 (103.3). The index has increased year-over-year for 11 consecutive months and is the third highest... Read More

Existing-Home Sales Data by State

10 hours 14 min ago

NAR provides existing-home sales data for the four major regions and for the nation.

Most state and local associations of Realtors® provide data for their service areas. This information is typically raw counts of sales from local multiple listing services (MLSs) though availability and format of the data varies. The following list of state data providers, which includes association and non-association providers, is given as a courtesy reference. Contact the state or local Realtor® association in your area for more information.

REALTORS® Outlook Over The Next Six Months: Positive But More Moderate

10 hours 14 min ago

In July REALTORS® were by and large “strongly confident” about the six-month outlook, although confidence was somewhat lower than in June.

Quiz: Real Estate Firms in 2015

10 hours 14 min ago

How much do you know about the business of real estate firms? Take this quiz and find out.

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Commercial Expectations for Third Quarter 2015

10 hours 14 min ago

The information in this infographic is from NAR's third quarter commercial forecast report.

See more data.

REALTORS® Confidence Index

10 hours 14 min ago
Highlights:
  • Market conditions vary across local markets and states, but the REALTORS® confidence and traffic indices indicate unchanged market activity in December.
  • Sustained job creation and the low interest rate environment appear to be sustaining housing demand, even as the lack of inventory and tight underwriting standards are constraining market activity.
  • The TILA/RESPA Integrated Disclosure (... Read More

July 2015 Existing-Home Sales

10 hours 14 min ago

See a larger version of the infographic.

The information in this infographic is from July 2015 Existing-Home Sales data.

See more data.

Read the news release about this data.

Existing-Home Sales Maintain Solid Growth in July

10 hours 14 min ago

WASHINGTON (August 20, 2015) — Existing-home sales steadily increased for the third consecutive month in July, while stubbornly low inventory levels and rising prices are likely to blame for sales to first-time buyers falling to their lowest share since January, 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, increased 2.0 percent to a seasonally... Read More

The Measurement of Rent Inflation

10 hours 14 min ago

Rents, including what tenants pay to landlords and what homeowners implicitly pay to themselves, have very large weights in US measures of consumer price inflation.  In this video, Dr. Richard Peach discusses how the Bureau of Labor Statistics estimates these two measures of rent inflation in the consumer price index, presents alternative estimates based on a different data base, and concludes by presenting evidence that lower income households face much higher rent inflation than do upper-income households.

Dr. Peach is a Senior Vice President in the Macroeconomic and Monetary... Read More

Spring’s Mortgage Market Thaw Continues This Summer

10 hours 14 min ago

In the second quarter of 2015, lenders continued to expand access for borrowers. Despite a decline in the share of production that was non-QM, an increasing share of lenders offered non-QM and rebuttable presumption loans. This trend points to easing of standards in the jumbo space as well as a thaw in the lower credit score portion of the conventional and FHA markets. A sharp uptick in interest from mortgage investors appears to be creating an outlet for this demand.

August 2015 Mortgage Originators Survey

10 hours 14 min ago
Highlights:
  • The non-QM share of originations shrank again to just 0.8 percent of production in the second quarter, while the rebuttable presumption share expanded to 5.5 percent.
  • While willingness to originate non-QM and rebuttable presumption loans eased, the share of lenders offering these products increased dramatically.
  • For the second consecutive quarter, the share of respondents indicating an increase in investor demand for non-QM loans surged reaching 46.2 percent.
  • Over the next six months, respondents expect access to... Read More

Did You Know? Recruitment of Sales Agents

10 hours 14 min ago

The National Association of REALTORS® Profile of Real Estate Firms is 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.

More Information About Real Estate Firms

Did You Know? Expectations of Profitability

10 hours 14 min ago

The National Association of REALTORS® Profile of Real Estate Firms is 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.

More Information About Real Estate Firms

Did You Know? Competition in the Next Year

10 hours 14 min ago

The National Association of REALTORS® Profile of Real Estate Firms is 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.

More Information About Real Estate Firms

Did You Know? Biggest Challenges Cited for Real Estate Firms

10 hours 14 min ago

The National Association of REALTORS® Profile of Real Estate Firms is 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.

More Information About Real Estate Firms

Economic and Real Estate Outlook

10 hours 14 min ago

These slides are from NAR Chief Economist Lawrence Yun's economic and real estate outlook presentation from the Leadership Summit in Chicago, IL, on August 10, 2015.

Home Prices Rise in Nearly All Metro Areas in Second Quarter

10 hours 14 min ago

WASHINGTON (August 11, 2015) — A promising climb in home sales throughout the country amidst insufficient supply caused home prices to steadily rise in most metro areas during the second quarter, according to the latest quarterly report by the National Association of Realtors®.

The median existing single-family home price increased in 93 percent of measured markets1, with 163 out of 176 metropolitan statistical areas2 (MSAs) showing gains based on closings in the second quarter... Read More

July 2015 Foot Traffic

10 hours 14 min ago

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.