WASHINGTON (September 27, 2016) — Homeowners looking to tackle a remodeling project should head outside, according to a new report from the National Association of Realtors® and National Association of Landscape Professionals. The 2016 Remodeling Impact Report: Outdoor Features shows that not only can outdoor remodeling projects add value to a home on resale, but they can also bring advantages to homeowners planning to stay in their homes in the form of increased happiness. ... Read More
WASHINGTON (September 22, 2016) — Existing-home sales eased up in August for the second consecutive month despite mortgage rates near record lows as higher home prices and not enough inventory for sale kept some would-be buyers at bay, according to the National Association of Realtors®. Only the Northeast region saw a monthly increase in closings in August, where inventory is currently more adequate.
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- Seventy-eight percent of real estate firms have a single office, typically with three full-time real estate licensees, up from two in 2015.
- Eighty-three percent of firms are independent non-franchised firms, and 15 percent are independent franchised firms.
- Eighty-five percent of firms specialize in residential brokerage.
- Forty-seven percent of firms reported they are actively recruiting... Read More
WASHINGTON (September 20, 2016) – The vast majority of real estate firms have an optimistic outlook for the future of the industry’s profitability and growth, according to the National Association of Realtors® 2016 Profile of Real Estate Firms. Profitability expectations have declined from the 2015 survey, mainly due to inventory shortages and home-price growth, but real estate firms remain confident about their overall future profitability.
The report is based on a survey of firm executives who are... Read More
WASHINGTON (September 19, 2016) – Single-family home construction is currently lacking in 80 percent of measured metro areas despite steady job creation and the low activity is creating a housing shortage crisis that is curtailing affordability and threatening to hold back prospective buyers in many of the largest cities in the country, according to new research from the National Association of Realtors®.
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The Housing Opportunities and Market Experience (HOME) report was created to monitor consumer sentiment about the housing market. It covers core topics that will be tracked on a monthly basis such as views on housing as a good financial investment, whether homeownership is part of the American Dream, if now is a good time to buy or sell a home and perception of home price changes.Highlights:
- Respondent awareness of low downpayment mortgage options was... Read More
Affordability Concerns, Uncertainty about Down Payment Requirements Ensnaring Renters, Latest HOME Survey Shows
WASHINGTON (September 14, 2016) – Lofty home-price growth and tight supply are leading to softening confidence among renters about whether it’s a good time to buy a home, according to the latest installment of the National Association of Realtors® Housing Opportunities and Market Experience (HOME) survey1. The survey also found that a misconception about how much of a down payment is needed to buy could be unnecessarily delaying some qualified young adults from... 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.
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Using data from the 2016 Q3 HOME Survey, this infographic looks at whether people think it's a good time to buy or sell a home, and how student debt is affecting people's ability to buy.More Information
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This report contains the results of a survey of REALTORS® which asked about:
- How safe or unsafe they feel
- The root causes of any unsafe feelings
- Steps or procedures they follow to ensure safety
- What methods of self-defense they use
The goal of the report is to measure and understand the scope of the problem, so that real estate professionals can develop the resources, programs, and... Read More
What’s happening in the housing market? Using NAR’s Existing-Home Sales numbers, data taken from the REALTORS® Confidence Index, the Foot Traffic Index, and Pending Home Sales, we’ve provided you a snapshot of what’s happening in the housing market, including trends to watch for in the coming months.
In July, pending home sales expanded in most of the country and reached their second highest reading in over a decade. A sizable jump in the West lifted pending home sales. Only the Midwest saw a dip in contract activity last month.More Information