In this video, Jessica Lautz, NAR's Director of Member and Consumer Survey Research, talks about highlights of the 2015 Commercial Member Profile. The Commercial Member Profile describes the business activities, demographics and information needs of NAR members who are commercial real estate professionals.More Information
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.
Join NAR's Jessica Lautz, Director of Member and Consumer Survey Research, and TJ Doyle, Director of Social Media, for a Google Hangout as they talk about the 2015 NAR Member Profile on Thursday, June 11th, aat 2:00 p.m. Eastern time. Here's the link: https://plus.google.com/events/cov1oclt81nfppsh7ouh4bl67vk.More Information
In this video, former Bureau of Labor Statistics Commissioner Dr. Kathryn Abraham talks about the monthly household survey versus the monthly employer survey--what each of them is capturing, why they sometimes differ, and what they tell us.
Ken Simonson, Chief Economist for the Associated General Contractors of America, discusses trends, issues, and outlook in residential construction. Supply of housing has been extremely tight, so this presentation seeks to shed light on the factors impeding the construction of more homes to meet demand, especially rising material cost and labor supply constraints.
The REALTORS® Commercial Real Estate Market Survey measures quarterly activity in the commercial real estate markets. The survey collects data from commercial REALTORS®. The survey is designed to provide an overview of market performance, sales and rental transactions, along with current economic challenges and future expectations2015.Q1 Survey Highlights
- 60% of commercial REALTORS® closed a sale.
- Sales volume rose 11% from a year ago.
- Sales prices increased 4% year-over-year.
- Cap... Read More
Lawrence Yun, NAR Chief Economist, discusses the high-level findings in the 2015 Member Profile. In 2015, NAR membership rose. While there was a slight dip in REALTOR® business overall, 90% of real estate transactions were done by REALTORS®. Watch to learn more about how REALTORS® get their clients, use social media, and thrive in a complicated business environment.More Information
WASHINGTON (June 3, 2015) – After gradually climbing for three consecutive years, the decline in existing-home sales in 2014 resulted in a slight reduction in Realtor® business activity and income last year, according to the 2015 National Association of Realtors® Member Profile. The survey also found that Realtors® are increasingly more comfortable using multiple communication channels, including social media, to connect and interact with their clients.
... Read More
Based on a random sampling of NAR’s membership, the Member Profile strives to answer the question: Who are REALTORS®? It looks at a variety of economic and demographic characteristics, and business practices.More Information
All real estate is local and every market is unique. To help REALTORS® and other housing market analysts get the most out of the plethora of data that is available, NAR Research produces a series of Local Market Reports (LMRs) which provide insights into the fundamentals and direction of the nation's largest metropolitan housing markets. Each report evaluates a number of factors affecting home prices, including:
- The health of the local job market
- Foreclosure rates
- Housing inventory
- Debt-to-income and mortgage-servicing-costs-... Read More
In this video, NAR Chief Economist Lawrence Yun talks about April pending home sales and indications of strong buyer activity. He also addresses the question of whether or not a new price bubble is emerging, comparing today's market conditions with those in 2005.
WASHINGTON (May 28, 2015) — Pending home sales rose in April for the fourth straight month and reached their highest level in nine years, according to the National Association of Realtors®. Led by the Northeast and Midwest, all four major regions saw increases in April.
The Pending Home Sales Index,* a forward-looking indicator based on contract signings, increased 3.4 percent to 112.4 in April from a slight upward revision of 108.7 in March and is now 14.0 percent above... Read More
- The non-QM share of originations shrank to just 1.2% of production in the 1st quarter from 1.8% in the 4th.
- Willingness to originate non-QM loans rose for the first time in a year while willingness to originate high quality prime mortgages grew at a slower rate and rebuttable presumption slid. The share of lenders offering high quality, prime was little changed while those offering non-QM and rebuttable presumption eased modestly.
- The share of respondents that indicated an improvement in investor demand for nonQM loans surged... Read More
WASHINGTON (May 26, 2015) — A stronger labor market and increasing household formation should keep commercial real estate demand on a gradual incline, according to the National Association of Realtors® quarterly commercial real estate forecast.
National office vacancy rates are forecast to slightly decrease 0.1 percent over the coming year as the demand for office space slowly improves. The vacancy rate for industrial space is expected to decline 0.3 percent and... Read More
NAR Chief Economist Lawrence Yun discusses existing-home sales for April 2015. Sales dipped 3.3 percent but sales remained solid year-over-year. Inventory shortages remain a problem as home prices rise as demand outpaces supply.
See existing-home sales data for April 2015.
Read the news release about April 2015 existing-home sales.
The information in this interactive data visualization is from Existing-Home Sales data. It shows you price and sales data for the month, and lets you compare it to prices and sales over the previous 12 months.More Information
WASHINGTON (May 21, 2015) — Despite properties typically selling faster than at any time since July 2013, existing–home sales slowed in April but remained above an annual sales pace of five million for the second straight month, according to the National Association of Realtors®. All major regions except for the Midwest experienced sales declines in April.
- North Dakota: Oil and gas extraction have transformed North Dakota. During the 1990s, the population declined as young Dakotans left for college and out-of-state job opportunities. Subsequently, the development of hydraulic fracturing, or fracking, shifted the state’s economic fortunes. In 2014, North Dakota enjoyed the largest growth in gross domestic product (GDP) and the lowest unemployment rate of any state in the nation, although the economic tides are turning once again.
- New Mexico: New Mexico brings... Read More
These slides are from the Economic and Commercial Real Estate Outlook presentation given by Sam Chandan during the Commercial Economic Issues & Trends Forum at the REALTORS® Legislative Meetings & Trade Expo in Washington, DC, on May 14, 2015.
Dr. Chandan is Adjunct Associate Professor of Real Estate at the University of Pennsylvania Wharton.