WASHINGTON (June 29, 2016) — After steadily increasing for three straight months, pending home sales let up in May and declined year-over-year for the first time in almost two years, according to the National Association of Realtors®. All four major regions experienced a cutback in contract activity last month.
The Pending Home Sales Index,* a forward-looking indicator based on contract signings, slid 3.7 percent to 110.8 in May from a downwardly revised 115.0 in April and is now slightly lower (0.2 percent) than May 2015 (111.0).... Read More
WASHINGTON (June 22, 2016) — Existing-home sales sprang ahead in May to their highest pace in almost a decade, while the uptick in demand this spring amidst lagging supply levels pushed the median sales price to an all-time high, according to the National Association of Realtors®. All major regions except for the Midwest saw strong sales increases last month.
This is a guide to the surveys, reports, data and products that NAR Research has created or updated for 2016.
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.
Among recent home buyers, one-quarter have student loan debt and the typical amount is $25,000. The share of those with student loan debt rises to 41 percent among first-time home buyers. Even among successful home buyers this amount of debt is cited as a difficulty in their home buying process. To evaluate those trends SALT® and the National Association of REALTORS® teamed up to conduct a survey of student loan borrowers who are current in repayment.
NAR Chief Economist Lawrence Yun and NAR 2016 Vice President Sherri Meadows
WASHINGTON (June 13, 2016) — Seventy-one percent of non-homeowners repaying their student loans on time believe their debt is stymieing their ability to purchase a home, and slightly over half of all borrowers say they expect to be delayed from buying by more than five years.
This is according to a new joint survey on student loan debt and housing released today by the National Association of Realtors® and SALT®, a consumer literacy program provided by nonprofit American Student... Read More
The information in this infographic is from the Student Loan Debt and Housing Report. The report presents the findings of a survey by SALT® and NAR of people with student loan debt, and looks at the way this debt affects their ability to buy a home.
Using data taken from our Existing-Home Sales, Pending Home Sales, the REALTORS® Confidence Index and Foot Traffic Index, this infographic looks at what the housing market was doing in April and provides insight into the months ahead.
NAR analyzed employment gains, population trends, income levels and housing conditions in the largest 100 metropolitan statistical areas across the country to identify the best purchase markets for millennial homebuyers. The top 10 metro areas NAR identified were chosen for their above-average share of current millennial residents and recent movers, favorable employment opportunities and relatively low... Read More
WASHINGTON (June 2, 2016) – A flurry of financial obstacles and lifestyle choices are stalling the journey to homeownership for many young adults, but becoming a homeowner is currently more feasible in some less expensive metro areas with steady job growth and lower qualifying incomes needed to buy, according to new research by the National Association of Realtors®.
NAR analyzed employment gains, population trends, income levels and housing conditions in the largest... Read More
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The information from this quiz was taken from the 2016 Member Profile.
National Association of REALTORS® Chief Economist Lawrence Yun talks about the rise in sales of existing homes in April 2016.
The REALTORS® Commercial Real Estate Market Trends measures quarterly activity in the commercial real estate markets, as reported in a national survey. The survey collects data from REALTORS® engaged in commercial real estate transactions. The survey is designed to provide an overview of market performance, sales and leasing transactions, along with information on current economic challenges and future expectations.Survey Highlights
- 58% of REALTORS® closed a commercial sale.
- Sales volume totaled $51.6 billion
- Sales volume... Read More
In this video, NAR Chief Economist Lawrence Yun talks about the things affecting home sales right now: low mortgage rates, employment gains, inflation, gasoline prices, low inventory. He also talks about rising rents and gives an upgraded housing market forecast for 2016.More Information
WASHINGTON (May 26, 2016) — Pending home sales rose for the third consecutive month in April and reached their highest level in over a decade, according to the National Association of Realtors®. All major regions saw gains in contract activity last month except for the Midwest, which saw a meager decline.
The Pending Home Sales Index,* a forward-looking indicator based on contract signings, hiked up 5.1 percent to 116.3 in April from an upwardly revised 110.7 in March and is now 4.6 percent above April 2015 (111.2). After last month... Read More
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.