Nat'l Assoc. of Realtors

  • The Consumer Financial Protection Bureau (CFPB) has released a much anticipated rule about Qualified Mortgage (QM) that finally gets the ball rolling on mortgage finance reform. Learn about the rule and how it will effect today's real estate market.

    Created: 1/1/0001 12:00:00 AM
  • Habitat for Humanity released its 2013 Shelter Report earlier this week and as part of its release it joined NAR and the REALTOR® University Research Center to host a discussion on how moderate-income households are faring in the housing market now that the recession is behind us.

    Created: 1/1/0001 12:00:00 AM
  • Read a recap of NAR's Twitter chat on the home search process for recent buyers.

    Created: 1/1/0001 12:00:00 AM
  • This presentation describes the experiences and opinions of home owners and renters on owning vs. renting, including:

    • Attitudes about homeownership
    • Community and social benefits of homeownership
    • Overall attitudes: The American Dream and the economy
    • Survey methodology used for this report
    Created: 1/1/0001 12:00:00 AM
  • Commercial REALTOR® markets posted accelerating growth in sales and leasing activity during the fourth quarter of 2012, according to the January Commercial Real Estate Market Survey.

    Created: 1/1/0001 12:00:00 AM
  • With the increased use of mobile devices for internet searches of all kinds, including real estate, it makes sense for REALTORS® to market to home shoppers online.

    Created: 1/1/0001 12:00:00 AM
  • WASHINGTON (February 11, 2013) - A growing number of metropolitan areas had higher median home prices in the fourth quarter, with the national price showing the strongest year-over-year increase in seven years, according to the latest quarterly report by the National Association of Realtors®. A companion report shows record high housing affordability conditions for metro areas in 2012.

    The... Read More

    Created: 1/1/0001 12:00:00 AM
  • Sales of new single-family homes posted the first annual gain in seven years as median prices continued to rise, the Commerce Department reports.

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  • "There are almost no housing market indicators showing weakness," says one housing expert.

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  • NAR Chief Economist Lawrence Yun discusses the loss of pending home sales momentum in December 2012, low inventory, and what they mean for the near future.

    Created: 1/1/0001 12:00:00 AM
  • Every home owner wants to see prices rise, but when prices rise too fast, there may be reason for concern.

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  • Baltimore home owners may have an additional reason to rejoice today. A new study finds that high home prices go hand-in-hand with producing Super Bowl teams.

    Created: 1/1/0001 12:00:00 AM
  • NAR's forward-looking pending home sales index slipped 4.4 percent in December, signaling a loss of momentum in contract signings, but the easing seems to be more about inventory shortages than weak demand, NAR Chief Economist Lawrence Yun says.

    Created: 1/1/0001 12:00:00 AM
  • NAR has estimated residential sales to foreign buyers at $ 82.5Billion for the 12 months ended March 2012, approximately 8.8 percent of the total residential market by dollar volume.

    Created: 1/1/0001 12:00:00 AM
  • In this video, NAR Chief Economist Lawrence Yun talks about the slight rise in existing-home sales in January, and the tight inventory that is causing home prices to rise, and the development of a seller's market.

    Created: 1/1/0001 12:00:00 AM
  • In this video, NAR Chief Economist Lawrence Yun talks about inventory, and how it is the key to this year's housing market.

    Created: 1/1/0001 12:00:00 AM
  • Home prices rose in most U.S. markets, some quite sharply. This blog post explains the reasons behind the price gains.

    Created: 1/1/0001 12:00:00 AM
  • The Market Pulse Survey was created to measure changes in consumers' views towards home buying and home ownership during a period of dramatic change. This Economists' Outlook blog post takes stock of trends in the survey over the last nine years.

    Created: 1/1/0001 12:00:00 AM
  • Here are a few things to consider before making the assumption that global buyers aren't in your area, or that you shouldn't spend your time trying to capture them.

    Created: 1/1/0001 12:00:00 AM
  •  

    Northeast

    Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, Vermont

    Midwest

    Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Ohio, North Dakota, Nebraska, South Dakota, Wisconsin

    South

    Alabama, Arkansas, Delaware, Florida, Georgia, Kentucky, Louisiana, Maryland, Mississippi, North Carolina, Oklahoma, South Carolina, Tennessee, Texas, Virginia, West Virginia

    West

    Alaska, Arizona, California, Colorado, Hawaii, Idaho, Montana, Nevada, New Mexico,... Read More

    Created: 1/1/0001 12:00:00 AM
  • WASHINGTON (February 25, 2013) - Major commercial real estate sectors continue to improve, albeit slowly, with gradual economic improvement and job creation driving absorption of space, according to the National Association of Realtors® quarterly commercial real estate forecast.

    Lawrence Yun, NAR chief economist, said rental housing demand has been exceptionally strong. "Rent increases have been higher in multifamily housing where supply is not matching... Read More

    Created: 1/1/0001 12:00:00 AM
  • The top 10 projects from the 2013 Cost vs. Value report highlight the remodeling jobs that will give home owners the highest returns at resale.

    Created: 1/1/0001 12:00:00 AM
  • WASHINGTON (February 21, 2013) - Existing-home sales edged up in January, while a seller's market is developing and home prices continue to rise steadily above year-ago levels, according to the National Association of Realtors®. Sales rose in every region but the West, which is the region most constrained by limited inventory.

    Total existing-home sales1, which are completed... Read More

    Created: 1/1/0001 12:00:00 AM
  • WASHINGTON (February 27, 2013) - Pending home sales rose in January, and have been above year-ago levels for the past 21 months, according to the National Association of Realtors®. There were healthy monthly gains in all regions but the West, which is constrained by limited inventory but was slightly improved.

    The Pending Home Sales Index,* a forward-looking indicator based on contract signings, increased 4.5 percent to 105.9 in January from a downwardly revised 101.3 in December and is 9.5 percent... Read More

    Created: 1/1/0001 12:00:00 AM
  • Gross domestic product grew at 2.2 percent for the whole year, with a 0.1 percent decline in the fourth quarter, due to large federal defense spending cuts and a negative change in private business inventories.

    Created: 1/1/0001 12:00:00 AM
  • The FHA's significance varies based on which benchmark you are measuring it next to; the total sales market, the purchase mortgage market, or the mortgage insurance market. By all those measures, however, the FHA's role is on the decline.

    Created: 1/1/0001 12:00:00 AM
  • WASHINGTON (January 28, 2013) - Pending home sales declined in December but have stayed above year-ago levels for 20 consecutive months, according to the National Association of Realtors®.

    The Pending Home Sales Index,* a forward-looking indicator based on contract signings, fell 4.3 percent to 101.7 in December from 106.3 in November but is 6.9 percent higher than December 2011 when it was 95.1. The data reflect... Read More

    Created: 1/1/0001 12:00:00 AM
  • For the past several years, the top factor influencing where a buyer purchased a home has been the quality of the neighborhood.

    Created: 1/1/0001 12:00:00 AM
  • If Congress doesn't act, foreclosures will rise, home values will drop, and the FHA could get hit with another set of bad loans.

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  • REALTORS® reported that the inventory of homes for sale remains very tight, resulting in multi-bidding in some cases.

    Created: 1/1/0001 12:00:00 AM
  • Existing-home sales and home prices continued to rise in November, producing the ninth consecutive monthly year-over-year price gain. Low inventory is responsible for the rising prices.

    Created: 1/1/0001 12:00:00 AM
  • WASHINGTON (December 20, 2012) - Existing-home sales continued to improve in November with low inventory supply pressuring home prices, 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, rose 5.9 percent to a seasonally adjusted annual rate of 5.04 million in November from a downwardly... Read More

    Created: 1/1/0001 12:00:00 AM
  • NAR Chief Economist Lawrence Yun and Economist Danielle Hale discuss the Fiscal Cliff and what it means for real estate.

    Created: 1/1/0001 12:00:00 AM
  • Listen in as Lawrence Yun, NAR's chief economist, discusses recent trends in the housing market during a Conference Live interview. Hear what the future of the real estate business looks like given the presidential election results, how banks are responding to short sale offers on a more timely basis, and more.

    Created: 1/1/0001 12:00:00 AM
  • WASHINGTON (November 26, 2012) - Most of the major commercial real estate sectors show gradually improving fundamentals and are easily absorbing the relatively small amount of new space that is coming online, with a full recovery already in the multifamily market, according to the National Association of Realtors® quarterly commercial real estate forecast.

    Lawrence Yun , NAR chief economist, said the market has been slowly building momentum. "Job creation... Read More

    Created: 1/1/0001 12:00:00 AM
  • The large increase in housing starts to 894,000 indicates progress towards stable overall vacancy rates, but further increase is needed, to 1.3 million, to reach that stability.

    Created: 1/1/0001 12:00:00 AM
  • Sales are being driven by strengthening fundamentals—the improving jobs picture, rising rental rates, continuing low interest rates and housing affordability—and prices are gaining on reduced supply.

    Created: 1/1/0001 12:00:00 AM
  • In this video about pending home sales, NAR Chief Economist Lawrence Yun discusses the continuing trend of market recovery and state variations in home price appreciation.

    Created: 1/1/0001 12:00:00 AM
  • WASHINGTON (November 29, 2012) - Pending home sales rose strongly in October with mixed regional results, according to the National Association of Realtors®.

    The Pending Home Sales Index,* a forward-looking indicator based on contract signings, increased 5.2 percent to 104.8 in October from an upwardly revised 99.6 in September and is 13.2 percent above October 2011 when it was 92.6. The data reflect contracts but not closings.

    Lawrence Yun , NAR... Read More

    Created: 1/1/0001 12:00:00 AM
  • With multifamily housing back on its feet, NAR Chief Economist Lawrence Yun said the more hopeful tone in Washington may pave the way for a full commercial recovery.

    Created: 1/1/0001 12:00:00 AM
  • WASHINGTON (January 22, 2013) - Existing-home sales eased in December but are well above a year ago, while limited inventory maintained the upward momentum in home prices, according to the National Association of Realtors®. Total sales in 2012 were the highest in five years, while the annual price rose the most since 2005.

    Total existing-home sales1, which are completed transactions that include single-family homes,... Read More

    Created: 1/1/0001 12:00:00 AM
  • Study Objective

    To better understand the evolving role of digital media in the consumer home search process.

    Google and NAR have collaborated to uncover trends and insights around digital media usage among home shoppers, whether they were looking for an existing home, a newly constructed home, or an apartment. Together, Google and NAR's individual research results tell a cohesive story about today's uber-connected home shopper.

    Report Highlights

    - 90 percent of home buyers searched online during their home buying process
    - Real estate... Read More

    Created: 1/1/0001 12:00:00 AM
  • The activity is "one of the many indicators showing that the worst of the recession is probably over and we're starting to inch back," says a demographer on the increase in moves between counties.

    Created: 1/1/0001 12:00:00 AM
  • The importance of video in the home search process is growing. Buyers watch videos to help them with many parts of their search, such as viewing house tours, finding out about the surrounding community, and learning general information about buying and selling real estate.

    Created: 1/1/0001 12:00:00 AM
  • At the end of 2012, REALTORS® generally reported brisker sales, rising home prices, and shorted days on the market, with the confidence index increasing across all property types.

    Created: 1/1/0001 12:00:00 AM
  • In this video, NAR Chief Economist Lawrence Yun gives the statistics for December 2012 existing-home sales and explains what they mean in the context of recent years.

    Created: 1/1/0001 12:00:00 AM
  • WASHINGTON (January 9, 2013) - With 11 months of data reported, 2012 will clearly go down as a record year for favorable housing affordability conditions, and a great year for buyers who could get a mortgage, according to the National Association of Realtors®.

    NAR's national Housing Affordability Index stood at 198.2 in November, based on the relationship between median home price, median family income and average mortgage... Read More

    Created: 1/1/0001 12:00:00 AM
  • Pending home sales increased in November for the third straight month and reached the highest level in two-and-a-half years.

    Created: 1/1/0001 12:00:00 AM
  • WASHINGTON (December 28, 2012) - Pending home sales increased in November for the third straight month and reached the highest level in two-and-a-half years, according to the National Association of Realtors®.

    The Pending Home Sales Index,* a forward-looking indicator based on contract signings, rose 1.7 percent to 106.4 in November from a downwardly revised 104.6 in October and is 9.8 percent above November 2011 when it... Read More

    Created: 1/1/0001 12:00:00 AM
  • NAR is working on developing a national index to measure the number of visits to houses for sale from prospective buyers.

    Created: 1/1/0001 12:00:00 AM
  • The U.S. Census Bureau and HUD recently released their biennual comprehensive national housing survey, which provides data on housing inventories, demographics, home improvements, mortgages, and more.

    Created: 1/1/0001 12:00:00 AM
  • Wealthy home owners who were trying to beat the fiscal cliff helped send luxury home sales soaring at the end of 2012.

    Created: 1/1/0001 12:00:00 AM
  • Based on responses to the November 2012 REALTORS® Confidence Index Survey, all states are expected to see home price increases in the next 12 months.

    Created: 1/1/0001 12:00:00 AM
  • "Buyer traffic is 40 percent above a year ago, so there is plenty of demand but insufficient inventory to improve sales more strongly," says NAR's chief economist.

    Created: 1/1/0001 12:00:00 AM
  • Between April of 2006 and April of 2011, the median home price fell 27.6%. However, the median price rebounded 19.7% over the subsequent two years. While many formerly underwater homeowners are just now getting their first shot at taking advantage of record affordability, others who opted to rent their properties will now be able to sell them, releasing much needed inventory to the market.

    Created: 1/1/0001 12:00:00 AM
  •  

    WASHINGTON (May 28, 2013) – With vacancy rates modestly falling and rents moderately rising in commercial real estate sectors, market fundamentals have improved, but financing remains a challenge for small business, according to the National Association of Realtors® quarterly commercial real estate forecast

    Lawrence Yun, NAR chief economist, said the market is showing an uneven recovery.  “The wheels appear... Read More

    Created: 1/1/0001 12:00:00 AM
  • WASHINGTON (May 23, 2013) – Realtors® who practice commercial real estate have reported an increase in annual gross income for the third year in a row, signaling the market is on the road to recovery. According to the National Association of Realtors® 2013 Commercial Member Profile, transactions and sales volume have also increased since last year.

    The study shows median annual gross income for 2012 was $90,200, an increase from $86,000 in 2011 and is at its highest level since 2008.... Read More

    Created: 1/1/0001 12:00:00 AM
  •  

    WASHINGTON (May 30, 2013) – Pending home sales improved slightly in April and continue to be well above a year ago, according to the National Association of Realtors®.  Gains in the Northeast and Midwest were offset largely by declines in the West and South.

    The Pending Home Sales Index,* a forward-looking indicator based on contract signings, rose 0.3 percent to 106.0 in April from 105.7 in... Read More

    Created: 1/1/0001 12:00:00 AM
  • FHFA price data shows that home prices across the United States rose 6.7% from the first quarter of 2012 to the first quarter of 2013.

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  • For decades, the South has had the largest number of housing units and owner-occupied housing units. As the South's share of population has increased over the last decade, so too has its contribution to home sales nationally.

    Created: 1/1/0001 12:00:00 AM
  •  

    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.

     

    Read the report highlights.

    Created: 1/1/0001 12:00:00 AM
  • Read the news release about the 2013 Member Profile Survey report.

    In 2012, many areas of the country started to see both home sales and prices rebounding. Unlike in past years, however, those markets still struggling saw not a shortage of buyers but a shortage of sellers. Inventory dropped from months of supply to just a few weeks in many markets. Survey data from the Investment and Vacation Home Buyers Survey show that investment buyers remained high, but many primary home... Read More

    Created: 1/1/0001 12:00:00 AM
  • WASHINGTON (May 13, 2013) – The business activity and income of Realtors® are up for the second year in a row following nine years of decline, according to the 2013 National Association of Realtors® Member Profile

    The study’s results are representative of the nation’s Realtors®; Realtors® are members of NAR and account for about half of the approximately 2 million active real estate licensees in the U.S.*  Many non-member licensees are inactive or part time.... Read More

    Created: 1/1/0001 12:00:00 AM
  • Read the 2013 Member Profile report for more information about:

    • Business characteristics of REALTORS®
    • Business activity of REALTORS®
    • Income and expenses of REALTORS®
    • Office and Firm Affiliation of REALTORS®
    • Demographic characteristics of REALTORS®
    Created: 1/1/0001 12:00:00 AM
  • WASHINGTON (May 17, 2013) – The shape of homeownership and housing markets has changed dramatically over time and will continue to change in the face of new housing opportunities and challenges. That’s according to panelists at the “Challenges and Opportunities in Housing and Homeownership” session today during the Realtors® 2013 Midyear Legislative Meetings & Trade Expo here.

    During the session, academics from DePaul University, George Mason University, University of North Carolina and the University of Maryland presented various research and data... Read More

    Created: 1/1/0001 12:00:00 AM
  • WASHINGTON (May 16, 2013) –Realtors® who specialize in commercial real estate expressed optimism and confidence in the market during a forum at the Realtors® Midyear Legislative Meetings & Trade Expo. Despite a slow turning economy, commercial practitioners believe the market is not only better off than it was a year ago, but also will continue to improve.

    National Association of Realtors® chief economist Lawrence Yun joined several Realtor® commercial... Read More

    Created: 1/1/0001 12:00:00 AM
  • WASHINGTON (May 16, 2013) –Growth in home sales and prices is contributing to a broader improvement in the overall economy, aided in part by current homeownership tax treatment, according to presentations at a residential real estate forum during the Realtors® Midyear Legislative Meetings & Trade Expo.

    Lawrence Yun, NAR chief economist, said a multiyear housing recovery is likely. “Steady job creation and household formation have been helping to unleash a pent... Read More

    Created: 1/1/0001 12:00:00 AM
  • In this video, NAR Chief Economist Lawrence Yun talks about the strong rise in prices caused by the strong rise in demand for homes, the unsustainability of that rise in prices, and the new home inventory that is needed to keep price growth from becoming unhealthy. He also discusses the shift from lender focus on re-finance to mortgage applications for home purchase.

    Created: 1/1/0001 12:00:00 AM
  • WASHINGTON (June 20, 2013) – Existing-home sales improved in May and remain solidly above a year ago, while the median price continued to rise by double-digit rates from a year earlier, 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, rose 4.2 percent to a seasonally adjusted annual... Read More

    Created: 1/1/0001 12:00:00 AM
  • The recovery in commercial REALTOR® markets notched a noticeable gain during the first quarter 2013, as sales and leasing activity advanced. Based on the results of the May Commercial Real Estate Market Survey, commercial practitioners reported a solid start to the year.

    Created: 1/1/0001 12:00:00 AM
  • We live in a global marketplace. While all real estate is local, not all property buyers are. A significant share of home purchases are made by people whose primary residence is outside of the U.S. Find out which are the top five countries of origin for foreign buyers of U.S. homes, and how these buyers are using the services of REALTORS®. This year's Profile examines purchases of real estate in the United States by international clients for the twelve-month period ending in March 2013.

    Highlights

    • The dollar volume of purchases by residents and non-... Read More
      Created: 1/1/0001 12:00:00 AM
  • WASHINGTON (June 24, 2013) – International home sales in the U.S. declined in the past year, but are at their second highest level in recent years and are over six percent of total existing-home sales in value. According to the National Association of Realtors® 2013 Profile of International Home Buying Activity, interest in U.S. properties continues to grow, signaling that America continues to be regarded by international buyers as a great place to own property. 

    The... Read More

    Created: 1/1/0001 12:00:00 AM
  • NAR's Research Economist George Ratiu and Research Marketing and Communications Manager TJ Doyle give an update on the latest positive signs in the commercial market, as well as some of the challenges still facing the market.

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  • The net worth of households and non-profits has recovered completely from the recession and reached a new peak of over $70 trillion in the first quarter of 2013, according to data from the Federal Reserve Flow of Funds.

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  • In 2012, the typical home sold - based on median figures - was 1,860 square feet, one level, three bedrooms, two bathrooms, and was built in 1996. Repeat buyers bought larger and newer homes than first-time buyers.

    More information and details can be found in the 2013 National Association of REALTORS® Profile of Buyers' Home Feature Preferences

    Created: 1/1/0001 12:00:00 AM
  • In this video, NAR Chief Economist Lawrence Yun talks about April Pending Home Sales and the likelihood that inventory shortages will push home values to the highest level in five years.

    Created: 1/1/0001 12:00:00 AM
  • In this video, NAR Chief Economist Lawrence Yun talks about the constraints on existing-home sales because of limited inventory and tight credit. Despite these constraints, all regions showed strong price gains from a year ago.

    Created: 1/1/0001 12:00:00 AM
  • Employment growth has been positive in all but 24 or of the 164 markets tracked by NAR Research over the 4-quarter period ending in March. This trend indicates that 85% of markets experienced an improvement in employment, which is important for the confidence of potential homebuyers.

    Created: 1/1/0001 12:00:00 AM
  • Following on the solid 24 percent yearly gains in 2012, commercial investments notched a strong first quarter. Sales of major properties totaled $72.8 billion in the first quarter, a 35 percent rise from a year ago, according to Real Capital Analytics. Portfolio transactions made up a large portion of the volume, especially due to the sale of Archstone apartment properties to Equity Residential and Avalon Bay. Individual property sales comprised $40 billion, a 7.8 percent gain from the same quarter last year.

    Created: 1/1/0001 12:00:00 AM
  • National vacancy rates over the coming year are expected to continue declining in most property sectors.

    Created: 1/1/0001 12:00:00 AM
  • The purpose of this survey report is to provide a broad picture of REALTORS®' technology characteristics and needs. Key topics covered are:

    • Respondent Profile
    • Technology in General
    • Broker-Provided Technology
    • MLS-Provided Technology
    • Mobile Use in Business
    • Technology and REALTOR® Associations
    • Social Media & Networking
    • Lead Generation & Listings
    • Real Estate Websites
    Created: 1/1/0001 12:00:00 AM
  • How is the housing market in your state affecting the local economy? These reports outline the total economic impact of real estate related industries on the state economy, as well as the expenditures that result from a single home sale, including aspects like home construction costs, real estate brokerage, mortgage lending and title insurance. Find out how much the real estate industry is affecting the gross state product for your area.

    The reports below are in PDF format. The size of each file is approximately 160 KB.

    To read more about these reports, check out this... Read More

    Created: 1/1/0001 12:00:00 AM
  • In this video, NAR Chief Economist Lawrence Yun talks about how job growth in the improving economy and pent-up demand are causing both home sales and rentals to rise.

    Created: 1/1/0001 12:00:00 AM
  • WASHINGTON (March 21, 2013) - Location, location, location near public transportation may be the new real-estate mantra according to a new study released today by the American Public Transportation Association (APTA) and the National Association of Realtors® (NAR). Data in the study reveals that during the last recession, residential property values performed 42 percent better on average if they were located near public transportation with high-frequency service. 

    “When homes are located near public transportation, it is the equivalent of creating housing... Read More

    Created: 1/1/0001 12:00:00 AM
  • Even when economic times are tough, real estate activity has a positive impact on state economies. Economic contributions are derived from home construction, real estate brokerage, mortgage lending, title insurance, home appraisal, moving services, remodeling, and other related industries.

    Created: 1/1/0001 12:00:00 AM
  • Join NAR economist Jessica Lautz at 2 p.m. EST on March 28, 2013 for a Twitter chat on buyer home feature preferences. Use #HomeFeatures13 to participate.

    Created: 1/1/0001 12:00:00 AM
  • WASHINGTON (March 27, 2013) - February pending home sales flattened with limited buyer choices, but remained at the second highest level in nearly three years, according to the National Association of Realtors®.

    The Pending Home Sales Index,* a forward-looking indicator based on contract signings, slipped 0.4 percent to 104.8 in February from a downwardly revised 105.2 in January, but is 8.4 percent higher than February 2012 when it was 96.6. Contract activity has been above year-ago levels... Read More

    Created: 1/1/0001 12:00:00 AM
  • WASHINGTON (March 21, 2013) - February existing-home sales and prices affirm a healthy recovery is underway in the housing sector, according to the National Association of Realtors®. Sales have been above year-ago levels for 20 consecutive months, while prices show 12 consecutive months of year-over-year price increases.

    Total existing-home sales1, which are completed transactions that include single-family homes,... Read More

    Created: 1/1/0001 12:00:00 AM
  • That's just one of the important findings in the 2013 Profile of Buyers' Home Feature Preferences, released today by NAR.

    Created: 1/1/0001 12:00:00 AM
  • Study Objectives

    Purchasing a home is an important life decision, and many factors can influence the home choices buyers make.

    The National Association of Realtors® 2013 Profile of Buyers' Home Feature Preferences examines the features buyers prefer when it comes to purchasing a home, as well as the differences in preferences when it comes to factors such as region, demographics and household composition. The survey captures buyers who purchased a home between 2010 and 2012. 

    Read the... Read More

    Created: 1/1/0001 12:00:00 AM
  • WASHINGTON (March 13, 2013) –Purchasing a home is an important life decision, and many factors can influence the home choices buyers make.

    The National Association of Realtors® 2013 Profile of Buyers’ Home Feature Preferences examines the features buyers prefer when it comes to purchasing a home, as well as the differences in preferences when it comes to factors such as region, demographics and household composition. The survey captures buyers who purchased a home between 2010 and 2012.

    “Deciding where to... Read More

    Created: 1/1/0001 12:00:00 AM
  • In Phoenix, home listings most often highlight "kitchen islands," while in West Palm Beach, Fla., listings like to tout the "Roman tub." Find out what are the most popular home features in various states.

    Created: 1/1/0001 12:00:00 AM
  • The Market Pulse Survey was created to measure changes in consumers' views towards home buying and home ownership during a period of dramatic change. This Economists' Outlook blog post takes stock of trends in the survey over the last nine years.

    Created: 1/1/0001 12:00:00 AM
  • The Market Pulse Survey was created to measure changes in consumers' views towards home buying and home ownership during a period of dramatic change. This Economists' Outlook blog post takes stock of trends in the survey over the last nine years.

    Created: 1/1/0001 12:00:00 AM
  • WASHINGTON (April 29, 2013) - Pending home sales increased in March and remain above year-ago levels, but contract activity in recent months shows only modest movement, according to the National Association of Realtors®.

    The Pending Home Sales Index,* a forward-looking indicator based on contract signings, rose 1.5 percent to 105.7 in March from a downwardly revised 104.1 in February, and is 7.0 percent above March 2012 when it was 98.8. Pending sales have been above year-ago levels for the... Read More

    Created: 1/1/0001 12:00:00 AM
  • Eighteen percent of REALTOR® members have at least one personal assistant working for them. It is most common among managers and broker-owners to have a personal assistant.

    Created: 1/1/0001 12:00:00 AM
  • Foreign buyers are flocking to the U.S. to snag luxury second-homes, and developers are increasingly looking to cater to the global buyer through the design of their properties.

    Created: 1/1/0001 12:00:00 AM
  • WASHINGTON (May 9, 2013) – Metropolitan area median home prices continued to rise in the first quarter, with the national gain showing the best year-over-year performance in over seven years, according to the latest quarterly report by the National Association of Realtors®.  A companion breakout of income requirements to purchase a median-priced home on a metro basis shows the typical buyer earns roughly double the income needed to buy a home in his or her area.... Read More

    Created: 1/1/0001 12:00:00 AM
  • Real estate Web site Doorsteps has released an infographic that shows demographic and financial data on first-time home buyers, which includes data from the National Association of REALTORS®' 2012 Profile of Home Buyers and Sellers.

    Created: 1/1/0001 12:00:00 AM
  • In this video, NAR Chief Economist Lawrence Yun talks about March Pending Home Sales and the apparent leveling off of the market.

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  • Find out how buyers feel about wooded lots and water views as reported by the Profile of Buyers' Home Feature Preferences.

    Created: 1/1/0001 12:00:00 AM
  • According to the Profile of International Home Buying Activity, there are foreign buyers in most areas of the country. However, there are regional patterns connecting some countries with specific states in the U.S.

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  • The information for this chat was taken from our recent 2013 Home Features Survey and echoes many of the experiences real estate professionals are having in their own markets. There were too many responses to include them all, but the recap of the major highlights is below.

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  • In this video, NAR Chief Economist Lawrence Yun discussed the limited inventory that is holding the market back in many areas of the country, and the reasons for it.

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  • In this video, NAR Chief Economist Lawrence Yun talks about the drop in existing-home sales because of higher demand than supply in the current market, along with excessively tight mortgage underwriting standards.

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  • WASHINGTON (April 22, 2013) - Existing-home sales eased in March from inventory constraints, which continued to pressure home prices, 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, declined 0.6 percent to a seasonally adjusted annual rate of 4.92 million in March from a downwardly revised... Read More

    Created: 1/1/0001 12:00:00 AM
  • Highlights

    • Alabama: By 2009, foreign investment in Alabama had exceeded $17 billion. Companies from over 20 countries now employ roughly 5% of the state’s work force. International companies also bring in foreign executives looking to buy real estate near their employers’ facilities.
    • Colorado: The U.S. Census Bureau reports that the fastest growing ethnic groups in Colorado are the Hispanic and Asian communities, which in Denver grew by 39 and 31 percent, respectively, from 2000 to 2008, mostly... Read More
      Created: 1/1/0001 12:00:00 AM
  • In this video, NAR Chief Economist Lawrence Yun says that May marked the 13th consecutive month of year-over-year sales increases, which implys a sustainable recovery of the housing market. He also talks about underwater homeowners holding on to their property, waiting for home values to rise before selling, and about the barrier to new construction caused by difficulties in obtaining construction loans.

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  • WASHINGTON (June 27, 2012) – Pending home sales bounced back in May, matching the highest level in the past two years, and are well above year-ago levels, according to the National Association of Realtors®.  Both monthly and annual gains were seen in every region.

    The Pending Home Sales Index,* a forward-looking indicator based on contract signings, rose 5.9 percent to 101.1 in May from 95.5 in April and is 13.3 percent above May 2011 when it was 89.2.  The data reflect contracts but... Read More

    Created: 1/1/0001 12:00:00 AM
  • WASHINGTON (June 21, 2012) - Limited supplies of housing inventory held back existing-home sales in May, but sales maintained a strong lead over year-ago levels and home prices are on a sustained uptrend in all regions, 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, declined 1.5 percent to a seasonally adjusted annual rate of 4.... Read More

    Created: 1/1/0001 12:00:00 AM
  • WASHINGTON (July 19, 2012) - Existing-home prices continued to show gains but sales fell in June with tight supplies of affordable homes limiting first-time buyers, 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, declined 5.4 percent to a seasonally adjusted... Read More

    Created: 1/1/0001 12:00:00 AM
  • What forces will be shaping the real estate industry? NAR’s Association Executives Committee Strategic Issues Work Group and consultant Jerry Matthews held a series of structured discussions in February 2012 with U.S. brokers, sales associates, real estate consultants, economists, and technology experts to determine today’s real estate industry climate.

    The research surfaced eight trends that are vital for setting strategic direction for agents, brokers, and associations... Read More

    Created: 1/1/0001 12:00:00 AM
  • What forces will be shaping the real estate industry?

    NAR's Association Executives Committee Strategic Issues Work Group and consultant Jerry Matthews held a series of structured discussions in February 2012 with U.S. brokers, sales associates, real estate consultants, economists, and technology experts to determine today's real estate industry trends and found eight that are vital for setting strategic direction for agents, brokers, and associations alike.

    A video... Read More

    Created: 1/1/0001 12:00:00 AM
  • The Harvard report, which always does a good job laying out in plain language what's happening with the market, points to the increasingly strong market fundamentals and says home sales really could see serious improvement this year.

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  • WASHINGTON (June 11, 2012) – Due to low prices and the relative weakness of the dollar, international buyers continue to identify the U.S. as a desirable place to own property and make a profitable investment.

    According to the National Association of Realtors® 2012 Profile of International Home Buying Activity, total residential international sales in the U.S. for the past year ending March 2012 equaled $82.5 billion, up from $66.4 billion in 2011. Total international sales were evenly... Read More

    Created: 1/1/0001 12:00:00 AM
  • In this video, NAR Chief Economist Lawrence Yun predicts an average three to five percent home price appreciation, on a national basis, in 2012. He also says he expects the number of underwater homebuyers to fall with rising home prices, and talks about the median net worth of homeowners compared to that of renters.

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  • WASHINGTON (May 30, 2012) - Pending home sales retrenched in April following three consecutive monthly gains, but are notably higher than a year ago, according to the National Association of Realtors® ®.

    The Pending Home Sales Index,* a forward-looking indicator based on contract signings, declined 5.5 percent to 95.5 from a downwardly revised 101.1 in March but is 14.4 percent above April 2011 when it was 83.5.  The data reflects contracts but not closings.... Read More

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  • These highlights from the Profile of International Home Buying Activity 2013 report provide charts and graphs that will allow you to quickly scan the main points of the report.

    Read the full report.

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  • Pieces are in place for housing to continue on its road to recovery but there remain plenty of uncertainties that can derail the market, NAR Chief Economist Lawrence Yun said at a conference earlier this week.

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  • In this video, NAR Chief of Quantitative Analysis Jed Smith talks about the latest report on international sales, which shows that working with foreign buyers is becoming more and more important to REALTORS®' businesses. Jed says, "It's an increasingly significant market, particularly to REALTORS® who are selling in states such as California, Texas, Florida, Arizona, however, most states around the country do get some international customers."

    Read the press... Read More

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  • While sales of newly built single-family homes is on the rise, buyers are finding much fewer choices as inventory sinks to a new record low.

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  • In this video, NAR Chief Economist Lawrence Yun says that home sales were up in all four regions of the country. There was also an increase in the median home price, reflecting the greater availability of homes in the upper price range and low inventory of homes in the lower price range.

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  • WASHINGTON (August 22, 2012) – Sales of existing homes rose in July even with constraints of affordable inventory, and the national median price is showing five consecutive months of year-over-year increases, according to the National Association of Realtors®.  Monthly sales rose in every region but the West, where inventory is very tight.

    Total existing-home sales1, which are completed... Read More

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  • WASHINGTON (August 29, 2012) - Pending home sales rose in July to the highest level in over two years and remain well above year-ago levels, according to the National Association of Realtors®.

    The Pending Home Sales Index,* a forward-looking indicator based on contract signings, rose 2.4 percent to 101.7 in July from 99.3 in June and is 12.4 percent above July 2011 when it was 90.5. The data reflect contracts but not closings.... Read More

    Created: 1/1/0001 12:00:00 AM
  • Highlights:

    • Case Shiller data showed the first annual increase in June while other data series show a continued 4 to 5 months of annual increases.
    • NAR data for July show the typical end of summer slowdown as prices dipped somewhat from June.
    • New home prices continue to fluctuate greatly due to low levels of construction and purchase activity; presently new home prices show some weakness.
    • Distressed sales, which hold back existing home prices,... Read More
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  • WASHINGTON (August 27, 2012) – Positive underlying fundamentals continue to support all of the major commercial real estate sectors, but a slowdown in job creation and ongoing tight loan availability has tempered growth in some areas, according to the National Association of Realtors® quarterly commercial real estate forecast.

    Lawrence Yun, NAR chief economist, said there are mixed results among the commercial sectors. “Job creation in the second quarter was... Read More

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  • About the Reports

    NAR Research has produced a total of 3,147 Relocation Reports for U.S. counties. The Relocation Report for each county presents information for that county on county‐to‐county migration flows within the United States, the average incomes of households moving between the specific county and other counties, demographic summaries of homeownership rates, and types of home mortgages (e.g., Conventional, FHA, VA, and FSA/RHS).

    Realtors®, as well as businesses engaged in... Read More

    Created: 1/1/0001 12:00:00 AM
  • WASHINGTON (July 26, 2012) – Pending home sales declined in June but marked 14 consecutive months of year-over-year gains, according to the National Association of Realtors®

    The Pending Home Sales Index,* a forward-looking indicator based on contract signings, slipped 1.4 percent to 99.3 in June from a downwardly revised 100.7 in May but is 9.5 percent higher than June 2011 when it was 90.7.  The data... Read More

    Created: 1/1/0001 12:00:00 AM
  • Local inventory data from Realtor.com confirms that most markets have a measurably lower inventory now compared to one year ago.

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  • In this video, NAR Chief Economist Lawrence Yun talks about the the decline of existing-home sales and rise in home prices, putting them in the context of recent months of housing sales. He also talks about the role of foreclosure transactions in these numbers and the strong need for increased housing starts.

    Created: 1/1/0001 12:00:00 AM
  • WASHINGTON (August 9, 2012) – Median existing single-family home prices are rising in more metropolitan areas, but a lack of inventory – notably in lower price ranges – is limiting buyer choices in an increasing number of markets around the country, according to the latest quarterly report by the National Association of Realtors®.

    The median existing single-family home price rose in 110 out of 147 metropolitan statistical... Read More

    Created: 1/1/0001 12:00:00 AM
  • Lawrence Yun discusses the reasons for the slip in Pending Home Sales in June 2012.

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  • Listen to an interview with NAR President Moe Veissi on XM radio where he talks about encouraging signs in the housing market, including year-over-year price increases, lower inventory, and even multiple bids in some instances. He provides tips for people considering buying a home and what to do ahead of time before beginning the search for the perfect home.

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  • WASHINGTON (May 24, 2012) - Shaking off a prolonged impact from the recession, fundamentals are gradually improving in all of the major commercial real estate sectors, according to the National Association of Realtors® quarterly commercial real estate forecast. The apartment rental sector has fully recovered and is growing.

    The findings also are confirmed in NAR's recent quarterly Commercial Real Estate Market Survey, which... Read More

    Created: 1/1/0001 12:00:00 AM
  • In this video, NAR Chief Economist Lawrence Yun says that indications are that the spring buying season will be a good one, with brokers reporting serious buyer interest. He also addresses the question of whether or not the housing market bottom has been reached.

    Created: 1/1/0001 12:00:00 AM
  • WASHINGTON (March 21, 2012) - February existing-home sales declined from an upwardly revised January pace but are well above a year ago, while the median price posted a slight gain, according to the National Association of Realtors®. Sales were up in the Midwest and South, offset by declines in the Northeast and West.

    Total existing-home sales1, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, slipped 0.9 percent to a... Read More

    Created: 1/1/0001 12:00:00 AM
  • WASHINGTON (March 13, 2012) - Aging baby boomers and their echo boomer children will significantly impact trends in the nation’s housing market over the next 20 years. In a new report released by the Bipartisan Policy Center, “Demographic Challenges and Opportunities for U.S. Housing Markets,” researchers at the National Association of Realtors®, The Urban Institute, and the University of Southern California analyze key demographic trends and... Read More

    Created: 1/1/0001 12:00:00 AM
  • Seventy percent of home owners surveyed say they intend to take on a home improvement project this year, and they plan to spend about $3,500 on sprucing up their home, according to the survey. That’s an increase of about $100 compared to last year.

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  • WASHINGTON (March 29, 2012) - Pending home sales were down slightly in February but remain notably above the pattern in the first half of last year, according to the National Association of Realtors®.

    The Pending Home Sales Index,* a forward-looking indicator based on contract signings, eased 0.5 percent to 96.5 in February from 97.0 in January but is 9.2 percent above February 2011 when it was 88.4. The data reflects contracts but not closings.

    Lawrence Yun, NAR chief economist, said we’re... Read More

    Created: 1/1/0001 12:00:00 AM
  • Frequently Asked Questions: Data

    Commercial Real Estate

    Q: Does NAR have any data on commercial real estate?
    A: Yes. All links to commercial data can be found here.

    Foreclosures and Short Sales

    Q: Does NAR have data on foreclosures and short sales?
    A: Information on both foreclosures and short sales can be found in the... Read More

    Created: 1/1/0001 12:00:00 AM
  • WASHINGTON (March 6, 2012) - Housing affordability conditions have reached the highest level since recordkeeping began in 1970, according to the National Association of Realtors®.

    NAR’s Housing Affordability Index rose to a record high 206.1 in January, based on the relationship between median home price, median family income and average mortgage interest rate. The higher the index, the greater the household purchasing power.

    An index of 100 is defined as the point where a median-income household has exactly enough income to qualify for the purchase of a median-... Read More

    Created: 1/1/0001 12:00:00 AM
  • WASHINGTON (February 22, 2012) - Existing-home sales rose in January, marking three gains in the past four months, while inventories continued to improve, 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 4.3 percent to a seasonally adjusted annual rate of 4.57 million in January from a downwardly revised 4.38 million-unit pace in December and... Read More

    Created: 1/1/0001 12:00:00 AM
  • Office of the Chief Economist

    Lawrence Yun, Ph.D.        Dr. Yun is the Senior Vice President of Research and the Chief Economist for the National Association of REALTORS®. For more on Dr. Yun's background, click here >

    Caroline Van Hollen         Caroline is the Senior Research & Strategic... Read More

    Created: 1/1/0001 12:00:00 AM
  • WASHINGTON (May 17, 2011) - Realtors® have been focusing more on training to help them better meet the needs of clients in a housing market with unique challenges, according to the 2011 National Association of Realtors® Member Profile.

    The study’s results are representative of the nation’s Realtors®, who account for more than half of the approximately 2.0 million active real estate licensees in the U.S. The typical NAR member has 12 years of experience; nine out of 10 say they are certain they will remain in... Read More

    Created: 1/1/0001 12:00:00 AM
  • WASHINGTON (March 1, 2012) - Housing markets are complex and varied, and a government pilot program to turn bank-owned properties into rentals could be disruptive and counterproductive in some markets, according to the National Association of Realtors®.

    NAR urges the Federal Housing Finance Agency (FHFA) to proceed cautiously with its Real Estate-Owned (REO) Initiative pilot program to sell homes repossessed by government agencies to private investors to convert into rental units.

    “As the nation’s leading advocate for homeownership and housing issues, Realtors... Read More

    Created: 1/1/0001 12:00:00 AM
  • WASHINGTON (February 27, 2012) - Pending home sales are on an upward trend, which has been uneven but meaningful since reaching a cyclical low last April, and are well above a year ago, according to the National Association of Realtors®.

    The Pending Home Sales Index,* a forward-looking indicator based on contract signings, rose 2.0 percent to 97.0 in January from a downwardly revised 95.1 in December and is 8.0 percent higher than January 2011 when it was 89.8. The data reflects contracts but not closings.

    The January index is the... Read More

    Created: 1/1/0001 12:00:00 AM
  • In this video, NAR Chief Economist Lawrence Yun says that the general uptrend in home sales implys a pending recovery of the housing market. He also comments on foreclosure inventory and the proposed bulk sales of REOs by the government to investors.

    Created: 1/1/0001 12:00:00 AM
  • WASHINGTON (May 17, 2012) - Positive underlying economic factors are helping relieve a pent-up housing demand, according to a presentation at a residential real estate forum at the Realtors® Midyear Legislative Meetings & Trade Expo here.

    National Association of Realtors® Chief Economist Lawrence Yun said there are many improving factors that are helping home sales. "Historically high housing affordability conditions, ongoing job creation, a solid stock market recovery, rising rents, a larger pool of qualified renters, a pent-up... Read More

    Created: 1/1/0001 12:00:00 AM
  • WASHINGTON (May 15, 2012) – Housing affordability conditions for all buyers reached a milestone in the first quarter, according to the National Association of Realtors®.

    NAR's composite quarterly Housing Affordability Index* rose to a record high of 205.9 in first quarter, based on the relationship between median home price, median family income and average mortgage interest rate. The higher the index, the greater the household purchasing power. This is the first time the quarterly... Read More

    Created: 1/1/0001 12:00:00 AM
  • WASHINGTON (May 14, 2012) – The income and business of Realtors® is growing after many years of decline, according to the 2012 National Association of Realtors® Member Profile

    The study’s results are representative of the nation’s Realtors®, who are members of NAR.  Realtors® account for about half of the 2 million active real estate licensees in the U.S.*  Realtor® members go beyond state licensing requirements by subscribing to NAR’s Code of Ethics and Standards of Practice, commit to continuing education and... Read More

    Created: 1/1/0001 12:00:00 AM
  • WASHINGTON (May 23, 2012) - Realtors® specializing in commercial real estate reported an increase in transactions in 2011, as well as a rise in their median gross annual income, according to the 2012 National Association of Realtors® Commercial Member Profile.
      
    The study's results represent Realtors® who practice commercial real estate; these NAR members conduct all or part of their activity in commercial sales, leasing, brokerage and development for land,... Read More

    Created: 1/1/0001 12:00:00 AM
  • In this video, NAR Chief Economist Lawrence Yun says that April often sees peak home inventory numbers for the year, and that there's usually a rise in prices seen in homes sold in spring and summer, because families with children often look for larger homes at that time of year. He also talks about all-cash, investor, and distressed transactions.

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  • WASHINGTON (May 18, 2012) - The next two decades in housing markets depends largely on the Echo Boomers. That's according to panelists at the "Shifting Demographics and Housing Choice: A Whole New World?" session today during the Realtors® 2012 Midyear Legislative Meetings & Trade Expo here.

    There are approximately 62 million echo boomers in the U.S. Also called "millennials," echo boomers are currently ages 17-31. According to the 2011 National Association of Realtors® Profile of Home Buyers and... Read More

    Created: 1/1/0001 12:00:00 AM
  • WASHINGTON (May 9, 2012) – Median existing single-family home prices are firming in many metropolitan areas, while improving sales and declining inventory are creating more balanced conditions, according to the latest quarterly report by the National Association of Realtors®.

    The median existing single-family home price rose in 74 out of 146 metropolitan statistical areas1 (MSAs) based on closings in the first quarter from the same quarter in 2011, while 72 areas had price declines.  In... Read More

    Created: 1/1/0001 12:00:00 AM
  • WASHINGTON (April 19, 2012) – Existing-home sales were down in March but continue to outpace year-ago levels, while inventory tightened and home prices are showing further signs of stabilizing, 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, declined 2.6 percent to a seasonally adjusted annual rate of... Read More

    Created: 1/1/0001 12:00:00 AM
  • Lawrence Yun spoke at Vanderbilt University April 18, 2012 and gave an update on market trends and an economic outlook for 2012. Here are the slides from that presentation.

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  • Keynote speaker: Lawrence Yun, NAR Chief Economist, will provide insight to resort and second-home market trends.

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  • WASHINGTON (April 26, 2012) – Pending home sales increased in March and are well above a year ago, another signal the housing market is recovering, according to the National Association of Realtors®.

    The Pending Home Sales Index,* a forward-looking indicator based on contract signings, rose 4.1 percent to 101.4 in March from an upwardly revised 97.4 in February and is 12.8 percent above March 2011 when it was 89.9.  The data reflects contracts but not closings.

    The index is now at... Read More

    Created: 1/1/0001 12:00:00 AM
  • In this video, NAR Chief Economist Lawrence Yun says that the first quarter of 2012 was the best first quarter in five years, and that contract signings imply that the second quarter will be just as good. He also talks about new home inventory, which is at a 50-year low, due to small builders being shut out of the market because of the difficulty in obtaining construction loans.

    Created: 1/1/0001 12:00:00 AM
  • In this video, NAR Chief Economist Lawrence Yun says that although home sales were down slightly this month, they mark the ninth consecutive month of year-over-year gains, and he predicts that home sales will continue to be strong throughout 2012, reaching the highest levels in five years.

    Created: 1/1/0001 12:00:00 AM
  • In this video, NAR Chief Economist Lawrence Yun discusses the decrease of housing inventory of all types, including shadow inventory, and what it means for the real estate market. He also talks about early takers of the home buyer tax credit selling their homes, and how that is affecting the market.

    Created: 1/1/0001 12:00:00 AM
  • NAR's latest pending home sales release suggests that the underlying factors in the improved market are systemic and not due to just one or two transient factors.

    Created: 1/1/0001 12:00:00 AM
  • WASHINGTON (October 25, 2012) - Pending home sales were little changed in September but remain well above a year ago, according to the National Association of Realtors®.

    The Pending Home Sales Index,* a forward-looking indicator based on contract signings, edged up 0.3 percent to 99.5 in September from 99.2 in August and is 14.5 percent above September 2011 when it was 86.9. The data reflect contracts but not closings.

    Lawrence Yun , NAR chief economist,... Read More

    Created: 1/1/0001 12:00:00 AM
  • Economists from the Mortgage Bankers Association sounded an optimistic note at a press conference during the organization's Conference & Expo.

    Created: 1/1/0001 12:00:00 AM
  • About 74 percent of the general public says real estate agents do not do enough to justify their commission, according to a new study.

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  • Lawrence Yun looks ahead to future housing wealth distribution and the reasons behind it.

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  • Lawrence Yun explains how to understand current employment rate statistics.

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  • Starting this week, Fannie Mae is allowing electronic signatures on offer documents for its HomePath REO properties.

    Created: 1/1/0001 12:00:00 AM
  • As inventories of for-sale homes drop, the amount of time homes are staying on the market is dropping too, according to the latest Realtor.com data.

    Created: 1/1/0001 12:00:00 AM
  • WASHINGTON (October 19, 2012) - September existing-home sales declined modestly, but inventory continued to tighten and the national median home price recorded its seventh back-to-back monthly increase from a year earlier, according to the National Association of Realtors®.

    Total existing-home sales1, which are completed transactions that include single-family homes,... Read More

    Created: 1/1/0001 12:00:00 AM
  • Mortgage rates held steady for the most part this week, remaining near all-time record lows set last week.

    Created: 1/1/0001 12:00:00 AM
  • Fannie Mae economists say they believe home prices "hit bottom" earlier this year and that prices and sales will continue to move up.

    Created: 1/1/0001 12:00:00 AM
  • Home sales dropped a bit over the last month but they remain strong compared to this time last year and price gains remain robust.

    Created: 1/1/0001 12:00:00 AM
  • More home buyers may consider purchasing new homes, as the competition from distressed homes falls.

    Created: 1/1/0001 12:00:00 AM
  • The median down payment provided by home buyers dropped this year to its lowest level since 2009.

    Created: 1/1/0001 12:00:00 AM
  • National trends don't always show up at the local level, researchers warn practitioners.

    Created: 1/1/0001 12:00:00 AM
  • Even as the fundamentals in the residential real estate market improve, the commercial sector is "hobbling to recovery," said NAR Chief Economist Lawrence Yun at the REALTORS® Conference & Expo's Commercial Real Estate Forum.

    Created: 1/1/0001 12:00:00 AM
  • More than they have in the past decade, two-income married couples are fueling today's home buying and selling market, and they are turning to REALTORS® to help them.

    Get more data about today's buyers and sellers, including statistics about age, income, household composition of buyers and sellers, and valuable information about the sort of help they want from you in the buying and selling process--read the highlights from NAR's 2012 Profile of Home Buyers and Sellers, and... Read More

    Created: 1/1/0001 12:00:00 AM
  • WASHINGTON (November 19, 2012) - Sales of existing homes increased in October, even with some regional impact from Hurricane Sandy, while home prices continued to rise due to lower levels of inventory supply, according to the National Association of Realtors®.

    Total existing-home sales1, which are completed transactions that include single-family homes, townhomes, condominiums and co-... Read More

    Created: 1/1/0001 12:00:00 AM
  • NAR's 2012 Home Buyer and Home Seller Survey shows a strengthening in the older, married, higher-income, move-up buyer market. Read more to find out why.

    Created: 1/1/0001 12:00:00 AM
  • ORLANDO (November 10, 2012) – All-cash buyers have surged since the housing downturn while the typical amount of time it takes to sell a home is shrinking, revealing the changing dynamics of today’s home buyers and sellers.

    Academic experts took a closer look at cash buyers and how time-on-market impacts home sales during the “Changing Dynamics of Recent Home Buyers and Sellers” session today at the 2012 Realtors® Conference and Expo. Funding for the research was provided by the REALTOR® University Center for Real Estate... Read More

    Created: 1/1/0001 12:00:00 AM
  • WASHINGTON (November 7, 2012) - Growth in metropolitan area median home prices increased in the third quarter, and more areas are showing gains, according to the latest quarterly report by the National Association of Realtors®.

    The median existing single-family home price rose in 120 out of 149 metropolitan statistical areas1 (MSAs) based on closings in the third quarter compared with same quarter in 2011, while 29 areas had price... Read More

    Created: 1/1/0001 12:00:00 AM
  • The damage wrought by Hurricane Sandy will create a market slowdown in the short term, but the areas affected will likely see a big boost in later months.

    Created: 1/1/0001 12:00:00 AM
  • Learn how distressed sales can affect your business.

    Created: 1/1/0001 12:00:00 AM
  •  

    ORLANDO (November 10, 2012) – Dual income households are comprising a greater portion of the housing market and helping sales recover, according to an annual study released today.

    The 2012 National Association of Realtors® Profile of Home Buyers and Sellers continues a long-running series of large national NAR surveys evaluating the demographics, preferences, motivations, plans and experiences of recent home buyers and sellers.  The responses are heavily representative of owner-occupants and do not include most investors.... Read More

    Created: 1/1/0001 12:00:00 AM
  • ORLANDO (November 9, 2012) – Despite the residential real estate market showing signs of progress and the economy steadily improving, the commercial market continues to recover at a sluggish pace. However, a positive outlook endures as commercial real estate remains a solid investment, according to National Association of Realtors® Chief Economist Lawrence Yun at the 2012 Realtors® Conference and Expo.

    “The commercial real estate market was an innocent bystander of the housing crisis, and the broad credit tightening has made it much longer for the market to... Read More

    Created: 1/1/0001 12:00:00 AM
  • ORLANDO (November 9, 2012) - The housing market recovery should continue through the coming years, assuming there are no further limitations on the availability of mortgage credit or a "fiscal cliff," according to forecast presentations at a residential forum here at the 2012 Realtors® Conference and Expo.

    Lawrence Yun , chief economist of the National Association of Realtors®, said the housing market clearly turned around in 2012. "Existing-home sales, new-home sales and... Read More

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  • Find out which states saw foreclosure activity fall by 20 percent or more in the third quarter.

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  • More housing reports were released on Tuesday showing home prices on the rise throughout the country.

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  • In the past 25 years, the mobility rate in America has steadily declined. Last year only 12 percent of the population moved, a troubling economic indicator.

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  • There was a 37 percent drop in fatal workplace injuries in real estate last year, new data shows.

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  • As inventory remains at record lows, prices of new homes jumped a record-breaking 11.2 percent in August, the U.S. Census Bureau reported Wednesday.

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  • WASHINGTON (September 27, 2012) - After reaching a two-year peak, pending home sales fell in August but are at elevated levels compared with a year ago, according to the National Association of Realtors®.

    The Pending Home Sales Index,* a forward-looking indicator based on contract signings, declined 2.6 percent to 99.2 in August from an upwardly revised 101.9 in July but is 10.7 percent above August 2011 when it was 89.6. The data reflect contracts... Read More

    Created: 1/1/0001 12:00:00 AM
  • In this video, NAR Chief Economist Lawrence Yun talks about the continued, consistent growth of the housing market, with buyer interest remaining strong. He also gives a real estate forecast for the remainder of 2012 and into 2013.

    Created: 1/1/0001 12:00:00 AM
  • Every year, REALTORS® in markets across the country judge the effects of remodeling projects on sales prices for the Cost vs. Value Report, done in cooperation with Remodeling magazine. From now until Oct. 5, you could win $500 just for adding your voice to the survey.

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  • More metro areas have seen an uptick in housing permits, employment, and home prices in the last six consecutive months, according to an improving markets index.

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  • The recent Existing Home Sales release published showed a 5th consecutive month of home prices higher than a year ago. What does this mean for affordability? The answer may surprise you.

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  • WASHINGTON (September 5, 2012) – A new measure shows the typical amount of time it takes to sell a home is shrinking, and for traditional sellers is now in the range of historic norms for a balanced market, well below the cyclical peak reached in 2009, according to the National Association of Realtors®.

    The median time a home was listed for sale on the market1 was 69 days in July, down 29.6 percent from 98 days in July 2011.  The median reflects a wide spectrum; one-third of homes purchased in July were on the market for... Read More

    Created: 1/1/0001 12:00:00 AM
  • In this video, NAR Chief Economist Lawrence Yun says that the housing market is showing signs of recovering with greater strength than it has been. Existing-home sales were higher in all regions except the West, where supply constraints are limiting sales, and distressed sales continued to decline around the country.

    Created: 1/1/0001 12:00:00 AM
  • WASHINGTON (September 19, 2012) - Existing-home sales continued to improve in August and the national median price rose on a year-over-year basis for the sixth straight month, according to the National Association of Realtors®.

    Total existing-home sales 1 , which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, rose 7.8 percent to a seasonally adjusted annual rate of 4.82 million in August from 4.47 million in July, and are... Read More

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  • WASHINGTON (September 17, 2012) – New survey findings, combined with an analysis of historic credit scores and loan performance, show home sales could be notably higher by returning to reasonably safe and sound lending standards, which also would create new jobs, according to the National Association of Realtors®.

    Lawrence Yun, NAR chief economist, said there would be enormous benefits to the U.S. economy if mortgage lending conditions return to normal.  “Sensible... Read More

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  • Predictions that the nation's shadow inventory would rapidly rise have yet to materialize, as the shadow inventory continues to show signs of dropping.

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  • The number of Americans expecting home prices to decline reached an all-time low, according to Fannie Mae's monthly housing survey.

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  • Problems with real estate appraisals are still delaying and even derailing home sales, a recent survey of REALTORS® shows.

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  • WASHINGTON (October 10, 2012) – The real estate market is recovering but still faces hurdles, notably from tight mortgage credit, but problems with a sizeable share of real estate appraisals also are holding back home sales, according to survey findings by the National Association of Realtors®.

    Most appraisers are competent and provide good valuations that are compliant with the Uniform Standards of Professional Appraisal Practice.  However, appraisals generally lag market conditions... Read More

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  • "If Americans carry on with that mindset, it will continue to cause problems as the economy undergoes a slow recovery," says a senior analyst at JZ Analytics about alarming results from a recent poll on strategic default.

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  • The Appraisal Institute is teaming with an energy agency to asses energy efficiency and green features on the value of existing homes.

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  • The office market continues to recover, but at a very slow pace that has some concerned.

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  • Home prices rose in August by their largest amount since July 2006, CoreLogic reports in its August Home Price Index, which includes distressed sales.

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  • Americans are still committed to home ownership, recent U.S. Census Bureau data shows.

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  • Despite recent progress, home prices still have a long way to go to return to the peaks they reached during the housing boom, the analytics firm Fiserv reports.

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  • The economy is growing at a tepid pace, but real estate is emerging as a bright spot in the recovery, according to the Federal Reserve's latest Beige Book.

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  • "[Foreclosures are] making little noise in the housing market — at least on a national level," says a spokesman with RealtyTrac, which released their latest foreclosure report today.

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  • More studies are showing the power of green on boosting sales prices.

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  • WASHINGTON (June 27, 2013) – Pending home sales rose in May to the highest level since late 2006, implying a possible spark as mortgage interest rates began to rise, according to the National Association of Realtors®.

    The Pending Home Sales Index,* a forward-looking indicator based on contract signings, increased 6.7 percent to 112.3 in May from a downwardly revised 105.2 in April, and is 12.1 percent above... Read More

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  • REALTORS® generally expect modest price increases in the next 12 months with demand easing and more inventory coming into the market. The median expected price increase is 3.7 percent.

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  • These presentation slides are from the 2013 Investment and Vacation Home Buyers webinar given by Jessica Lautz, NAR's Manager of Member and Consumer Survey Research, on August 6, 2013.

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  • These presentation slides are from the Home Buyer and Seller Generational Trends webinar given by Jessica Lautz, NAR's Manager of Member and Consumer Survey Research, on July 16, 2013.

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  • This video, part of the REALTOR® University Speaker Series, contains highlights of Dr. Phillip L. Swagel's talk about Housing Finance Reform, proposed plans, the new role(s) that Fannie and Freddie should play, and the importance of protecting access to homeownership.

    View the full video of the lecture.

    Phillip L. Swagel is Professor in International Economic Policy at the Maryland School of Public Policy.  He was Assistant Secretary for Economic Policy... Read More

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  • This video, part of the REALTOR® University Speaker Series, contains Dr. Phillip L. Swagel's full talk about Housing Finance Reform, proposed plans, the new role(s) that Fannie and Freddie should play, and the importance of protecting access to homeownership.

    View a video of the highlights of the lecture.

    Phillip L. Swagel is Professor in International Economic Policy at the Maryland School of Public Policy. He was Assistant Secretary for Economic... Read More

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  • Out of 56 U.S. markets that are at or above normal economic and housing levels, 48 of them are areas with populations under 500,000.

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  • These presentation slides are from the 2013 Home Feature Survey webinar given by Jessica Lautz, NAR's Manager of Member and Consumer Survey Research, on July 23, 2013.

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  • Home price growth was robust in 2013 compared to 2012 and is currently forecast by NAR Research to finish the year 11.3% stronger. This improvement is important for the market as it has created equity for homeowners, boosted buyer confidence, and pulled many underwater homeowners into positive equity positions.

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  • The questions and answers in this quiz were taken from the 2013 Profile of Home Buyers and Sellers. This annual survey conducted by the NATIONAL ASSOCIATION OF REALTORS® provides insight into, and detailed information about, home buyers' and sellers' experiences with their home search process, buying process, and the real estate agents and brokers who help them.

    Read Report Highlights

    Read highlights from the 2013 Profile of Home Buyers and Sellers.

    Buy the Full... Read More
    Created: 1/1/0001 12:00:00 AM

  • The questions and answers in this quiz were taken from the 2013 Profile of Home Buyers and Sellers. This annual survey conducted by the NATIONAL ASSOCIATION OF REALTORS® provides insight into, and detailed information about, home buyers' and sellers' experiences with their home search process, buying process, and the real estate agents and brokers who help them.

    Read Report Highlights

    Read highlights from the 2013 Profile of Home Buyers and Sellers.

    Buy the Full... Read More
    Created: 1/1/0001 12:00:00 AM

  • These presentation slides are from the webinar on the 2013 Commercial Member Profile and 2013 Member Profile, given by Jessica Lautz, NAR's Manager of Member and Consumer Survey Research, on July 30, 2013.

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  • These presentation slides are from the webinar given by Jessica Lautz, NAR's Manager of Member and Consumer Survey Research, on November 20, 2013. 

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  • WASHINGTON (December 30, 2013) – Pending home sales stabilized in November with a slight gain, according to the National Association of Realtors®. Monthly increases in the South and West offset declines in the Northeast and Midwest.

    The Pending Home Sales Index,* a forward-looking indicator based on contract signings, inched up 0.2 percent to 101.7 in November from a downwardly revised 101.5 in October, but is 1.6 percent below November 2012 when it was 103.3. The data reflect contracts but... Read More

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  • The REALTORS® Confidence Index released last week sheds some light on what practitioners' concerns are for the coming year.

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  • The final numbers are in: How did the housing market’s recovery fare last year? Also, take a look at a regional snapshot of how sales are performing across the country.

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  • WASHINGTON (January 23, 2014) – Existing-home sales edged up in December, sales for all of 2013 were the highest since 2006, and median prices maintained strong growth, according to the National Association of Realtors®.

    Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, increased 1.0 percent to a seasonally adjusted annual rate of 4.87 million in... Read More

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  • In order for the housing market to fully recover, the job market must fully recover first, some housing analysts say. Find out where jobless rates are improving the most.

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  • Confidence about the next 6 months saw a slight improvement in December. The 6-month outlook index for single family rose to 66 (64 in November). The index for townhouses slightly rose to 48 (46 in November) while the index for condominiums registered at 44 (43 in November). REALTORS® expressed concern about a variety of factors that can impact the market such as the new regulations pertaining to the Ability to Pay Rule for Qualifying Mortgage, the reduction in FHA loan limits, uncertainty regarding flood insurance rates, and the state of the economy.

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  • Home prices are generally still rising. About 89 percent of REALTORS® who responded to NAR’s monthly survey reported constant or rising prices (87 percent in November). Healthy demand, the drop in distressed sales, and low although improving inventory levels have supported the price growth. See the December REALTORS® Confidence Index Survey report for more information.

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  • This video contains highlights of Dr. Calvin Schnure's talk about the commercial market outlook for 2014 and the trends of 2013. He speaks about REITs (Real Estate Investment Trusts) and talks about what they are, how they work and perform, and why they're important to the commercial real estate industry.

    Watch the full video.

    Dr. Calvin Schnure is the Vice President of Research and Industry Information for NAREIT, the National Association of Real Estate Investment Trusts... Read More

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  • Mortgage rates changed little this week, with the 30-year fixed-rate mortgage averaging 4.51 percent, Freddie Mac reports.

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  • As loan performance continues to improve, problem loans that have lingered in the shadows are slowly vanishing, according to a new report.

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  • An economist explains how the coming shift toward urban and multifamily living will change the face of housing demand across the nation.

    Created: 1/1/0001 12:00:00 AM
  • This video contains Dr. Calvin Schnure's full talk about the commercial market outlook for 2014 and the trends of 2013. He speaks about REITs (Real Estate Investment Trusts) and talks about what they are, how they work and perform, and why they're important to the commercial real estate industry.

    See the highlights video.

    Dr. Calvin Schnure is the Vice President of Research and Industry Information for NAREIT, the National Association of Real Estate Investment... Read More

    Created: 1/1/0001 12:00:00 AM
  • This video, part of the REALTOR® University Speaker Series, contains Dr. Andy Leventis's full talk about Housing Price Indexes, why they are necessary, the trends that the most popular indexes are seeing and some of the problems associated in tracking price data.

    View the highlights video of the lecture.

    Dr. Leventis is a Principal Economist for the Federal Housing Finance Agency.

    Created: 1/1/0001 12:00:00 AM
  • This video, part of the REALTOR® University Speaker Series, contains highlights of Dr. Andy Leventis's talk about Housing Price Indexes, why they are necessary, the trends that the most popular indexes are seeing and some of the problems associated in tracking price data.

    View the full video of the lecture.

    Dr. Leventis is a Principal Economist for the Federal Housing Finance Agency.

    Created: 1/1/0001 12:00:00 AM
  • WASHINGTON (December 19, 2013) – Existing-home sales fell in November, although median prices continue to show strong year-over-year growth, according to the National Association of Realtors®.

    Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, dropped 4.3 percent to a seasonally adjusted annual rate of 4.90 million in November from 5.12 million in October, and are 1.2 percent below the 4.96... Read More

    Created: 1/1/0001 12:00:00 AM
  • In this webinar playback, NAR's Director of Member and Consumer Survey Research Jessica Lautz discusses the highlights of the recently released 2013 Profile of Homebuyers and Sellers.

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  • This video, part of the REALTOR® University Speaker Series, contains the highlights of Dr. Lisa Sturtevant’s talk on the Paycheck-to-Paycheck tool, which compares wages and housing costs in 207 metro areas, median home prices and the income needed to afford them as well as median incomes for 76 different occupations.   This tool has applications for the REALTOR® community, in that:

    • A local association could bring the information to discussions with their Chamber of Commerce or city developers on the comparative advantages of focused occupation-... Read More
      Created: 1/1/0001 12:00:00 AM
  • This video, part of the REALTOR® University Speaker Series, contains Dr. Lisa Sturtevant’s full talk on the Paycheck-to-Paycheck tool, which compares wages and housing costs in 207 metro areas, median home prices and the income needed to afford them as well as median incomes for 76 different occupations.   This tool has applications for the REALTOR® community, in that:

    • A local association could bring the information to discussions with their Chamber of Commerce or city developers on the comparative advantages of focused occupation-relevant... Read More
      Created: 1/1/0001 12:00:00 AM
  • WASHINGTON (November 25, 2013) – Although conditions were mixed across the country, pending home sales continued to move lower in October, marking the fifth consecutive monthly decline, according to the National Association of Realtors®.

    The Pending Home Sales Index,* a forward-looking indicator based on contract signings, slipped 0.6 percent to 102.1 in October from an upwardly revised 102.7 in September, and is 1.6 percent below October 2012 when it was 103.8. The... Read More

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  • WASHINGTON (November 22, 2013) – Commercial real estate leasing patterns are showing steady but modest growth, according to the National Association of Realtors® quarterly commercial real estate forecast.

    Lawrence Yun, NAR chief economist, projects only modest changes in the coming year. “Jobs are the key driver for commercial real estate, and the accumulation of 7 million net new jobs from the low point a few years ago is steadily... Read More

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  • WASHINGTON (December 20, 2013) – Existing-home sales declined for the second consecutive month in October, while constrained inventory means home prices continue to see double-digit year-over-year gains, 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, fell... Read More

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  • This presentation was given by Jessica Lautz, Director of NAR Member and Consumer Survey Research, at an education session at the 2013 REALTORS® Conference & Expo in San Francisco, CA, on November 8, 2013.

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  • NAR says their latest research shows that tight lending standards are keeping many qualified buyers from reaching their dreams.

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  • This is a presentation of the results, by buyer type, of a survey conducted with home buyers who purchased a home between July 2012 and June 2013.

    The buyer types are:
    - Married with Kids
    - Single Female
    - Single Male
    - Unmarried Couple
    - First-time Buyers
    - Repeat Buyers
    - Buyers Purchasing Multi-Generational Housing
    - Buyers Purchasing Senior or Active Adult Community Housing

    The presentation also includes information on demographic change since 2010, downsizing, and the importance of commuting costs.

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  • This is a presentation of the results, by sub-region of the U.S., of a survey conducted with home buyers who purchased a home between July 2012 and June 2013.

    The sub-regions are:
    - New England (ME, NH, VT, MA, RI, CT)
    - Middle Atlantic (NY, PA, NJ)
    - East North Central (WI, MI, IL, IN, OH)
    - West North Central (ND, SD, MN, NE, IA, KS, MO)
    - South Atlantic (DE, WV, MD, DC, VA, NC, SC, GA, FL)
    - East South Central (KY, TN, MS, AL)
    - West South Central (OK, AR, TX, LA)
    - Mountain (MT, ID, WY, NV, UT, CO, AZ, NM)
    - Pacific... Read More

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  • This presentation was given by Lawrence Yun, Ph.D., NAR Chief Economist, to the Residential Real Estate Forum at the 2013 REALTORS® Conference & Expo in San Francisco, CA, on November 8, 2013.

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  • For most home buyers, the purchase of real estate is one of the largest financial transactions they will make. Buyers purchase a home not only for the desire to own a home of their own, but also because of changes in jobs, family situations, and the need for a smaller or larger living area.

    NAR conducts an annual survey of... Read More

    Created: 1/1/0001 12:00:00 AM
  • WASHINGTON (Nov. 6, 2013) – The majority of metropolitan areas in the third quarter experienced robust year-over-year price gains, with the national median price showing the strongest annual growth in nearly eight years, according to the latest quarterly report by the National Association of Realtors®.

    The median existing single-family home price increased in 88 percent of measured markets, with 144 out of 163 metropolitan statistical areas1 (MSAs)... Read More

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  • The nationwide housing market is inching closer to "normal," and smaller metros are leading the way, according to a new index

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  • On Oct. 31, NAR's Smart Growth Program released the latest version of its Consumer Preference Survey, which aims to shed light on the characteristics that people desire in their neighborhood and the trade-offs folks are willing to make to live in that preferred setting. At its core, the survey pits a traditional suburban community with separated-land uses necessitating driving to destinations vs. a smart growth community with a mix of land uses where walking, biking, and transit are viable for most trips. We also asked a battery of questions on various transportation modes and the... Read More

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  • Properties are staying on the market longer, based on the days on market information reported by REALTORS® in the October REALTOR® Confidence Index Survey. The median days on the market was 54 days (50 days in September), up from its lowest point of 37 days in June 2013. Short sales were on the market the longest, at 93 days, compared to foreclosed properties (44 days) and non-distressed properties (53 days). Local conditions vary.

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  • About half of renters spend more than 30 percent of their income on rent, up from 18 percent a decade ago, according to new research.

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  • Each year, the National Association of REALTORS®' Research department provides members with a wealth of statistical information in the reports and data releases it produces, from market data to home buyer and seller statistics to member information. This slideshow provides a snapshot look at some of the most popular reports and statistics produced by NAR in 2013.

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  • Rising home prices and limited inventories are prompting some investors to recede in housing markets where they once made up a big share of home buyers.

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  • Twenty-nine percent of respondents to the October 2013 REALTOR® Confidence Index Survey reported that the government shutdown had a temporary effect on ongoing transactions. Other data indicated that the shutdown also apparently impacted buyer confidence to some degree for future transactions. Overall the impact was noticeable but somewhat lower than feared.

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  • A low number of homes for sale is pushing home prices up to double-digit gains year-over-year, the National Association of REALTORS® reports.

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  • A survey of real estate practitioners shows a slowdown in market activity, but some practitioners say it's a "welcome brake" on price growth.

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  • In this video, NAR Chief Economist Lawrence Yun says that although Pending Home Sales numbers are down from last month, they are still healthy, which means that the housing market is still in recovery.

    He also talks about the influence of the Federal Reserve on the housing market, how the rise in rents relates to interest rates and homeownership, and the possibility that the low rate of mortgage loan defaults could cause the banking and finance sector to offer more loans, opening potential for increased home purchases.

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  • With 7,000 residents per square mile, Los Angeles tops both New York and Chicago as the nation's most dense city.

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  • Home prices are continuing to rise across the country, inching closer in many areas to within 10 percent of their home price peaks, CoreLogic reports.

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  • On Tuesday, November 19, NAR Research held a Twitter Chat to discuss the highlights from the newly released 2013 Profile of Home Buyers and Sellers. Research's Director of Member and Consumer Survey Research, Jessica Lautz, discussed the latest info and trends from this always popular annual report, responding to 140 character-or-less questions as they filtered in. The discussion was lively and informative, and thanks to all who participated.

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  • WASHINGTON (January 30, 2014) – Pending home sales measurably dropped in December, with abnormal weather partly inhibiting home shopping in much of the U.S., according to the National Association of Realtors®. Declines were experienced in all four major regions.

    The Pending Home Sales Index,* a forward-looking indicator based on contract signings, fell 8.7 percent to 92.4 in December from a downwardly revised 101.2 in November, and is 8.8 percent below December 2012... Read More

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  • Highlights

    • Gen Y comprises the largest share of home buyers at 31 percent, followed by Gen X at 30 percent, and both Younger (16 percent) and Older Boomers (14 percent) at 30 percent. The Silent Generation has the smallest share of home buyers at nine percent.
    • Gen Y has the largest share of first-time buyers at 76 percent. The share of first-time buyers declines as age increases. Among the Silent Generation only two percent of buyers are first-time buyers.
    • Among all generations of home buyers the first step in the home buying process is... Read More
      Created: 1/1/0001 12:00:00 AM
  • This Economists' Outlook blog post takes a deeper look at local home price data at the regional, state, and city or metropolitan statistical area (MSA) level.

    Created: 1/1/0001 12:00:00 AM
  • According to data found in NAR’s annual Profile of Home Buyers and Sellers, home buyers and sellers consistently report they truly rely on referrals from friends and family to find an agent or they use an agent they had worked with before.

    Read NAR's research blog to learn more.

    Created: 1/1/0001 12:00:00 AM
  • In this video, Director of NAR Member and Consumer Survey Research Jessica Lautz talks about differences between generations of home buyers: which generations are doing most of the home buying, and what their stumbling blocks are.

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  • Mirroring broader trends, commercial transactions in REALTORS® markets registered a positive fourth quarter. On a year-over-year basis, sales increased 11 percent in the last quarter, as prices rose 4 percent. Cap rates continued compressing with a 50 basis point decline, from an average of 9.2 percent in the third quarter to 8.7 percent in the last. Multifamily properties recorded the lowest average cap rates, at 7.7 percent, followed by hotels, at 8.0 percent. Office and retail spaces posted cap rates of 8.6 percent and 8.5 percent, respectively.

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  • WASHINGTON (March 11, 2014) – Young home buyers remain optimistic and see their home as a good investment, while older buyers are more likely to trade down to a smaller property to match changing lifestyles, according to the 2014 National Association of Realtors® Home Buyer and Seller Generational Trends study, which evaluates the generational differences of recent home buyers and sellers.

    Eight out of 10 recent buyers considered their home purchase a good financial investment, ranging from 87 percent for buyers age 33 and younger, to 74 percent for buyers 68 and... Read More

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  • Rising home values and an improved economy changed the foreclosure picture dramatically over the last two years. The decline in foreclosures and distressed sales resulted in less downward pressure on prices and more buyer confidence. To find out how your market performed, see the 4th quarter 2013 Local Market Reports.

    Read NAR's research blog to learn more.

    Created: 1/1/0001 12:00:00 AM
  • WASHINGTON (February 28, 2014) – Pending home sales were essentially unchanged in January, according to the National Association of Realtors®. Monthly gains in the South and Northeast were offset by declines in the West and Midwest.

    The Pending Home Sales Index, a forward-looking indicator based on contract signings, edged up 0.1 percent to 95.0 in January from an upwardly revised 94.9 in December, but is 9.0 percent below January 2013 when it was 104.4.

    ... Read More

    Created: 1/1/0001 12:00:00 AM
  • While national employment growth has been tepid in recent years relative to typical economic recoveries, some markets have done very well. Roughly a third of markets covered by NAR have outperformed the national average over this time period.

    Created: 1/1/0001 12:00:00 AM
  • The information in this infographic is from January 2014 Existing-Home Sales data.

    See more data.

    Read the news release about this data.

    Created: 1/1/0001 12:00:00 AM
  • 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 expectations.

    2013 Q4 Survey Highlights

    • REALTOR® commercial markets maintained momentum in sales and leasing activity.
    • Sixty-six percent of commercial REALTORS® closed a sales transaction.
    • Sales volume rose... Read More
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  • Data from the January REALTORS® Confidence Index show modest market expansion compared to the rate of market recovery in 2012 through mid-2013.

    Created: 1/1/0001 12:00:00 AM
  • Pending home sales were essentially unchanged in January, according to NAR. Monthly gains in the South and Northeast were offset by declines in the West and Midwest. Read more in the news release.

    Created: 1/1/0001 12:00:00 AM
  • WASHINGTON (April 2, 2014) – Vacation home sales rose strongly in 2013, while investment purchases fell below the elevated levels seen in the previous two years, according to the National Association of Realtors®.

    NAR’s 2014 Investment and Vacation Home Buyers Survey,* covering existing- and new-home transactions in 2013, shows vacation-home sales jumped 29.7 percent to an estimated 717,000 last year from 553,000 in 2012. Investment-home sales fell 8.5 percent to an estimated 1.10 million in 2013 from 1.21 million in 2012... Read More

    Created: 1/1/0001 12:00:00 AM
  • The data in this infographic comes from the 2014 Home Buyer and Seller Generational Trends report.

    Created: 1/1/0001 12:00:00 AM
  • Dr. Richard Fry, Senior Economist with the Pew Research Center, discusses the importance of home equity and the uneven recovery of wealth of households in different net worth groups in the latest Realtor University Speaker Series.

    Watch the full video.

    Created: 1/1/0001 12:00:00 AM
  • The questions and answers in this quiz were taken from the 2014 Home Buyer and Seller Generational Trends survey. This annual survey conducted by the NATIONAL ASSOCIATION OF REALTORS® provides insight into, and detailed information about, generational trends of home buyers and sellers.

    More About the Survey

  • The data in this infographic comes from the 2014 Home Buyer and Seller Generational Trends report.

    Created: 1/1/0001 12:00:00 AM
  • The data in this infographic comes from the 2014 Home Buyer and Seller Generational Trends report.

    Created: 1/1/0001 12:00:00 AM
  • Full Video: Dr. Richard Fry, Senior Economist with the Pew Research Center, discusses the importance of home equity and the uneven recovery of wealth of households in different net worth groups in the latest Realtor University Speaker Series.

    Watch the highlights video.

    Created: 1/1/0001 12:00:00 AM
  • REALTORS® generally expect prices to increase over the next 12 months at a modest pace with the median expected price increase at 3.9 percent, according to the latest REALTORS® Confidence Index. Demand has slowed somewhat because of the increase in home values and the cost of borrowing from higher mortgage rates and mortgage insurance premiums for FHA loans. The modest pace of economic growth has also kept the lid on price growth.

    Created: 1/1/0001 12:00:00 AM
  • The recent securitization of more than 3,000 single family homes has alarmed some housing analysts. NAR's Economists' Outlook blog explains what you need to know.

    Created: 1/1/0001 12:00:00 AM
  • WASHINGTON (March 20, 2014) – Home prices continued to show solid growth in most of the country due to limited inventory conditions, but rising prices and severe winter weather caused existing-home sales to slip in February, according to the National Association of Realtors®.

    Total existing-home sales1, which are completed transactions that include single-family homes, townhomes,... Read More

    Created: 1/1/0001 12:00:00 AM
  • In this video, NAR Chief Economist Lawrence Yun talks about signs of housing market stabilization and the factors that are preventing growth, such as lack of inventory, continued tight credit restrictions, rising prices without an accompanying rise in incomes, and lack of new homes being built.

    Created: 1/1/0001 12:00:00 AM
  • The information in this infographic is from February 2014 Existing-Home Sales data.

    See more data.
    Read the news release about this data.

    Created: 1/1/0001 12:00:00 AM
  • WASHINGTON (March 27, 2014) – Pending home sales declined for the eighth straight month in February, according to the National Association of Realtors®. Modest increases in the Midwest and West were offset by declines in the Northeast and South; all regions are below a year ago.

    The Pending Home Sales Index,* a forward-looking indicator based on contract signings, dipped 0.8 percent to 93.9 from a downwardly revised 94.7 in January, and is 10.5 percent below February... Read More

    Created: 1/1/0001 12:00:00 AM
  • Taking a closer look at Existing Home Sales price data reveals an interesting trend going on in the market.

    Created: 1/1/0001 12:00:00 AM
  • The number of homes sitting empty across the country remains high.

    Created: 1/1/0001 12:00:00 AM
  • Following the double-digit growth in home prices last year, economists predict the gains will now fall into line with inflation and more historical rates of growth.

    Created: 1/1/0001 12:00:00 AM
  • The condo market is on an upswing, but sales are still more than 30 percent short of their peak.

    Created: 1/1/0001 12:00:00 AM
  • The foreclosure crisis is fading away but still remains elevated in some parts of the country. Five states now account for nearly half ofßall the completed foreclosures in the nation.

    Created: 1/1/0001 12:00:00 AM
  • Pending home sales fell in December to their lowest levels since October 2011, NAR reports.

    Created: 1/1/0001 12:00:00 AM
  • The weather is getting a lot of attention for driving the pending results in December. As an agent, you know how snow can keep you and buyers from home showings, but how do we know that the weather was responsible for the slip in contract signings as opposed to other market forces and what does it mean for sales in the months ahead? While the December pending home sales figures signal notably weaker home sales figures in January and February, the next few months of data will be better indicators of the 2014 housing market.

    Created: 1/1/0001 12:00:00 AM
  • Home prices posted the highest annual rate of increase since 2005, with 10 states and the District of Columbia reaching new all-time price peaks, CoreLogic reports.

    Created: 1/1/0001 12:00:00 AM
  • The information in this infographic is from December 2013 Existing-Home Sales data.

    See more data
    Read the news release about this data. 

    Created: 1/1/0001 12:00:00 AM
  • In this video, NAR Chief Economist Lawrence Yun talks about possible reasons for the decline in pending home sales in December 2013, discusses the Qualifying Mortgage rule that took effect in early January, and looks ahead to 2014.

    Created: 1/1/0001 12:00:00 AM
  • This interactive infographic presents type of home purchased, by buyer type, between July 2012 and June 2013. The data is from the 2013 Profile of Home Buyers and Sellers.

    Hover over the pie wedges to see the numbers.

    Want to Learn More?

    2013 Profile of Home Buyers and Sellers

  • Approximately 32 percent of REALTOR® respondents reporting on their last sale in December reported a cash sale. Many REALTORS® have reported that cash buyers typically win against those buyers needing to obtain a mortgage. Investors and international buyers typically make a cash purchase. About 11 percent of reported sales made by a first-time buyer were cash sales compared to above 70 percent for investors and international buyers. See the December REALTORS® Confidence Index Survey report for more information.

    Created: 1/1/0001 12:00:00 AM
  • December 2013 existing-home sales increased slightly over Nov. 2013; the national median existing-home price for all housing types was $198,000. See the visual data.

    Created: 1/1/0001 12:00:00 AM
  • In this economic update, the Research staff analyzes current homeownership rates in the U.S

    Created: 1/1/0001 12:00:00 AM
  • This infographic contains highlights from NAR's 4th quarter 2013 Metro Area Home Prices and Affordability data.

    Created: 1/1/0001 12:00:00 AM
  • NAR Research surveyed a sample of lenders with questions about the impact of the lending on their business and how the rule could in turn impact consumers.

    Created: 1/1/0001 12:00:00 AM
  • Janet Yellen, the new Federal Reserve chairman, says that in spite of rising mortgage rates, housing has “good fundamentals” and is expected to continue to improve.

    Created: 1/1/0001 12:00:00 AM
  • What data is the best estimate of real trends in the housing market – not just noise? Find out in a recent blog post from NAR's research department.

    Created: 1/1/0001 12:00:00 AM
  • WASHINGTON (February 24, 2014) – Market fundamentals in commercial real estate continue to improve but at a slower pace, according to the National Association of Realtors® quarterly commercial real estate forecast.

    Lawrence Yun, NAR chief economist, said fundamentals are still on an uptrend. “Growth in commercial real estate sectors continues at a moderate pace from a very slow pace of absorption, despite job additions to the economy. Companies appear hesitant to add new space,... Read More

    Created: 1/1/0001 12:00:00 AM
  • WASHINGTON (February 21, 2014) – Existing-home sales fell in January to the lowest level in a year-and-a-half, but ongoing inventory shortages continue to lift prices in much of the U.S., 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, dropped 5.1 percent to a seasonally adjusted annual rate of 4.62 million in January from 4.87 million... Read More

    Created: 1/1/0001 12:00:00 AM
  • WASHINGTON (February 12, 2014): Commercial real estate investments are expected to produce generally solid returns in 2014, according to the authors of Expectations & Market Realities in Real Estate 2014—The Future Unfolds, an annual forecast report released by Real Estate Research Corporation (RERC), Deloitte, and the National Association of Realtors®(NAR).

    The three organizations have drawn on their respective capabilities to examine the economy, capital markets... Read More

    Created: 1/1/0001 12:00:00 AM
  • Student loans are of increasing concern in light of the regulations pertaining to qualified mortgages that require a consumer to have a debt to income ratio of no more than 43 percent.

    The commitment to pay student debt may mean a pushing back of the timetable to purchase a home to build up savings or purchases of more affordable home.

    Created: 1/1/0001 12:00:00 AM
  • This video contains Dr. Anthony Downs's full talk about traffic congestion and smart growth, and why congestion may be a long-term problem.

    Watch the highlights video.

    Dr. Anthony Downs is an Economist and Senior Fellow at the Brookings Institution. He focuses his current research on smart growth, traffic congestion, and metropolitan policy. In the past he has also looked at housing policy and housing affordability. He has written many books, including An Economic Theory of... Read More

    Created: 1/1/0001 12:00:00 AM
  • This video contains highlights of Dr. Anthony Downs's talk about traffic congestion and smart growth, and why congestion may be a long-term problem.

    Watch the full video.

    Dr. Anthony Downs is an Economist and Senior Fellow at the Brookings Institution. He focuses his current research on smart growth, traffic congestion, and metropolitan policy. In the past he has also looked at housing policy and housing affordability. He has written many books, including An Economic Theory of... Read More

    Created: 1/1/0001 12:00:00 AM
  • Despite the slow economic growth and weak job growth that have characterized the economic recovery so far, commercial real estate investments have generally produced solid returns.

    Property fundamentals are steady and improving slightly, and total expected returns on a risk-adjusted basis appear very reasonable in the year ahead.

    This report gives commercial investors the information they need to... Read More

    Created: 1/1/0001 12:00:00 AM
  • WASHINGTON (February 11, 2014) – The lion’s share of metropolitan areas continued to experience strong year-over-year price growth in the fourth quarter, according to the latest quarterly report by the National Association of Realtors®. A companion metro area annual affordability report shows less favorable conditions, particularly in the West.

    The median existing single-family home price increased in 73 percent of measured markets... Read More

    Created: 1/1/0001 12:00:00 AM
  • Data from realtor.com® shows the countries from which consumers were most active on realtor.com® and realtor.com® International in February 2014. It also shows which U.S. cities they were most searching during that month.

    Canada: Las Vegas, Fort Lauderdale, Miami, Los Angeles, Detroit

    United Kingdom: Los Angeles, Orlando, Houston, Las Vegas, Atlanta

    Australia: Los Angeles, Detroit, New York, Las Vegas, Houston

    Ireland: Los Angeles, New York, Orlando, Chicago, Miami

    ... Read More

    Created: 1/1/0001 12:00:00 AM
  • This is a summary of the 2013 Profile of International Home Buying Activity in PowerPoint form. The presentation was given to the Massachusetts Association of REALTORS® by Jed Smith in August 2013.

    Created: 1/1/0001 12:00:00 AM
  • The Federal Reserve released its survey of senior loan officers (SLOOS) earlier this week. On its face, the survey suggests a modest loosening of credit for prime and non-traditional lending. However, the picture is a little more mixed for those groups, and credit for borrowers with less-than-pristine credit remains tight.

    Created: 1/1/0001 12:00:00 AM
  • The Obama Administration's July Housing Scorecard reveals signs of strength in real estate, prompting HUD to call for reform that will "reduce the federal government footprint and ensure that private capital takes a sustainable central role."

    Created: 1/1/0001 12:00:00 AM
  • The strongest improvements in median sale prices over the four-quarter period ending in June of 2013 were dominated by markets from the Sun Belt and Atlanta. These markets experienced some of the largest price declines following the subprime bust and economic recessions which were followed with a subsequent spike in foreclosures.

    Created: 1/1/0001 12:00:00 AM
  • In this video, NAR Chief Economist Lawrence Yun talks about the rise in home sales, the continued housing shortage, rise in home prices, job growth expectations, and underwriting standards.

    Created: 1/1/0001 12:00:00 AM
  • WASHINGTON (August 21, 2013) – Existing-home sales rose strongly in July, with the median price maintaining double-digit year-over-year increases, 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 6.5 percent to a seasonally adjusted annual rate of 5.39 million in July from a downwardly revised 5.06 million in June, and are 17.2... Read More

    Created: 1/1/0001 12:00:00 AM
  • The questions and answers in this quiz were taken from the 2013 Profile of International Home Buying Activity, which presents the analysis of data gathered from REALTORS® on purchases of U.S. residential real estate by international clients for the 12 months ending March 2013. There were 3,357 respondents to the survey conducted from April 9 - May 10, 2013.

    More About International Home Buying in the U.S.

  • The characteristics of the first-time buyer differ from those of the market as a whole. Based on data from the January to June 2013 REALTORS® Confidence Index surveys, 91percent of first-time buyers purchased their home using a mortgage. The median FICO score for first -time buyers was 720. In comparison, the 60 percent of repeat buyers using a mortgage had FICO scores of 750.

    Created: 1/1/0001 12:00:00 AM
  • The 30-year FRM has many positive and a few negative qualities, but its role in the U.S. system is central and provides consumers with multiple important benefits. Additional options and alternatives for a stable long-term financing product could only benefit the system, but it is important to maintain one that works.

    Created: 1/1/0001 12:00:00 AM
  • The second quarter marked a noticeable improvement in the recovery trajectory of commercial REALTOR® markets.

    Created: 1/1/0001 12:00:00 AM
  • WASHINGTON (August 12, 2013) – REALTOR® University’s Center for Real Estate Studies and the Asian Real Estate Association of America have formed a new research partnership aimed at examining how real estate  impacts Asian immigrant populations.

    As part of the agreement with AREAA, a nonprofit trade organization representing real estate, mortgage and housing-related professionals serving the Asian American market, REALTOR® University will conduct in-depth research exploring how Asian immigrants use their homes and businesses to leverage... Read More

    Created: 1/1/0001 12:00:00 AM
  • WASHINGTON (August 8, 2013) – Median home prices continued to rise in the majority of metropolitan areas in the second quarter, with the national year-over-year price showing the strongest gain in seven-and-a-half years, according to the latest quarterly report by the National Association of Realtors®.

    Despite rising prices and higher mortgage interest rates, a companion breakout of income requirements to buy a median-priced home on a metro area basis shows most buyers remain well positioned to... Read More

    Created: 1/1/0001 12:00:00 AM
  • Resident foreigners, including recent immigrants, typically look for a home for their residence - frequently in a suburb. In contrast, non-resident foreigners more frequently look for vacation homes - typically in a resort.

    Created: 1/1/0001 12:00:00 AM
  • Find out which markets have experienced the largest changes in homeownership rates since 2004.

    Created: 1/1/0001 12:00:00 AM
  • After gross domestic product revisions, business spending shows growing confidence in the first half of the year. The first quarter spending was down 4.6 percent, with a decline driven by a 25.7 percent drop in spending on commercial structures. However, the second quarter posted a much better performance, with an annual growth rate of 4.6 percent. Spending on commercial buildings rose 6.8 percent. Businesses also increased their spending on information processing and transportation equipment by 11.4 percent and 5.5 percent, respectively. The new component of business spending—... Read More

    Created: 1/1/0001 12:00:00 AM
  • Builders are facing rising lot prices, likely to be passed on to buyers of new homes.

    Created: 1/1/0001 12:00:00 AM
  • Join Jessica Lautz, NAR Research's Director of Member and Consumer Survey Research, as she discusses the recently released 2013 NAR Profile of Real Estate Firms, 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.

    Created: 1/1/0001 12:00:00 AM
  • The rapid gains in home prices — by double-digit percentages in some areas — may be showing signs of easing in many housing markets.

    Created: 1/1/0001 12:00:00 AM
  • WASHINGTON (September 10, 2013) – Most real estate firms are small, independent businesses that specialize in residential brokerage, with 69 percent of all firms expecting profitability to increase over the next year, according to the 2013 National Association of Realtors® Profile of Real Estate Firms.

    Paul Bishop, NAR vice president of Research, said the industry sees greater competition in tandem with the housing market recovery.  “Two out of three real estate firms expect competition in the marketplace to increase, both among firms and nontraditional... Read More

    Created: 1/1/0001 12:00:00 AM
  • Home price appreciation remains strong but may show some signs of slowing in the coming months, according to two housing reports released Tuesday.

    Created: 1/1/0001 12:00:00 AM
  • Affordability has a strong impact on homeownership. Not surprisingly, four of five states with the lowest homeownership rates in the US are characterized by markets with high prices.

    Created: 1/1/0001 12:00:00 AM
  • In this video, NAR Chief Economist Lawrence Yun explains how rising mortgage rates cause an immediate increase in home buying, but prolonged rate increases cause a drop in buying. He also talks about demand for new homes and gives a forecast for what the housing market will look like in 2014.

    Created: 1/1/0001 12:00:00 AM
  • WASHINGTON (August 28, 2013) –Pending home sales were down in July, with higher mortgage interest rates slowing the market, according to the National Association of Realtors®.

    The Pending Home Sales Index,* a forward-looking indicator based on contract signings, declined 1.3 percent to 109.5 in July from 110.9 in June, but is 6.7 percent above July 2012 when it was 102.6; the data reflect contracts but not closings.  Pending sales have stayed above year-ago levels... Read More

    Created: 1/1/0001 12:00:00 AM
  • Home ownership among households with children dropped 15 percent from 2005 to 2011, the Census Bureau reports

    Created: 1/1/0001 12:00:00 AM
  • More Americans are opting to live alone, with single buyers making up a quarter of all home purchases last year. Being a single buyer can pose challenges, such as qualifying for a mortgage with just one income.

    Created: 1/1/0001 12:00:00 AM
  • Foreclosure inventories nationwide fell 32 percent in July compared to a year ago, another sign that the foreclosure crisis may finally be over, according to CoreLogic's latest foreclosure report released Thursday.

    Created: 1/1/0001 12:00:00 AM
  • NAR's tenth Housing Pulse Survey shows a stronger environment for home sales and home ownership and less concern about jobs and foreclosures than in 2011.

    Created: 1/1/0001 12:00:00 AM
  •  

    Commercial Member Profile Report

    Based on a random sampling of NAR’s Commercial members, the 2013 Commercial Member Profile gives a detailed overview of a variety of demographic characteristics and business practices of REALTORS® who specialize in commercial real estate. This infographic presents a sample of data from the report. Read the full report here.

    Created: 1/1/0001 12:00:00 AM
  • For most commercial REALTORS®, investment activity registered slight improvements over the past year. Members posted gains in transactions of office properties, which took the top spot. Industrial, multifamily and retail/land deals followed close behind.

    Created: 1/1/0001 12:00:00 AM
  • NAR Research's Summer Webinar Series begins with a deeper look at the annual Profile of Home Buyers and Sellers.

    Created: 1/1/0001 12:00:00 AM
  • We live in a global marketplace. While all real estate is local, not all property buyers are. A significant share of home purchases are made by people whose primary residence is outside of the U.S. Find out which are the top five countries of origin for foreign buyers of U.S. homes, and how these buyers are using the services of REALTORS®. This year's Profile examines purchases of real estate in the United States by international clients for the twelve-month period ending in March 2013.

    Read the full report.... Read More

    Created: 1/1/0001 12:00:00 AM
  • The information for this chat was taken from our recent 2013 Home Buyer and Seller Generational Trends report, and echoes many of the observations that real estate professionals are seeing in their own markets. There were too many responses to include them all, but the recap of the major highlights is below.

    Created: 1/1/0001 12:00:00 AM
  • More Information

    Local Market Reports

    NAR Research has local information on markets, state taxes and fiscal conditions, wealth gain by metro area, subprime ARM performance, mortgage conditions, the economic impact of real estate, and existing home sales and prices.

    Metropolitan Median Area Prices and Affordability

    NAR releases statistics on metropolitan area median home prices each quarter. Beginning on February 15, 2005, this... Read More

    Created: 1/1/0001 12:00:00 AM
  • WASHINGTON (July 9, 2013) – Millennials are more confident than any other age group that their recent home purchase was a good financial investment, according to a new study released today. The inaugural 2013 National Association of Realtors® Home Buyer and Seller Generational Trends evaluated the generational differences of recent home buyers and sellers and found that while eight out of 10 recent buyers considered their home purchase a good financial investment, the number was even higher, 85... Read More

    Created: 1/1/0001 12:00:00 AM
  • Highlights

    • Washington: The state of Washington has a natural affinity for global business. Its west coast is the closest shore to Asia in the lower 48 states, giving Seattle and Tacoma a day's shipping advantage over Californian ports to the south. Its northern boundary borders Canada. Washington's high tech and manufacturing industries are among the largest exporters in the U.S. while Eastern Washington is one of the country's biggest producers of agricultural exports.
    • Georgia: Among the Southern... Read More
      Created: 1/1/0001 12:00:00 AM
  • This summer, NAR Research will be premiering a series of five free webinars that take an in-depth look at several of NAR's most popular surveys and profiles. Manager of Member and Consumer Survey Research Jessica Lautz will be leading the webinars and discussing the highlights of each report.

    Created: 1/1/0001 12:00:00 AM
  • In this video, NAR Chief Economist Lawrence Yun discusses the economic recovery and how it has contributed to the current high level of pending home sales, who is buying homes right now, and talks about rising mortgage rates and whether or not they will affect the rate of home buying.

    Created: 1/1/0001 12:00:00 AM
  • Highlights

    • Alabama: By 2010, foreign investment in Alabama had exceeded $19 billion. Companies from 30 countries now employ roughly 5% of the state’s workforce. International companies also bring in foreign executives looking to buy real estate near their employers’ facilities.
    • Colorado: The U.S. Census Bureau reports that the fastest growing ethnic groups in Colorado are the Hispanic and Asian communities, which in Denver grew by 42 and 46 percent, respectively, from 2000 to 2008, mostly through... Read More
      Created: 1/1/0001 12:00:00 AM
  • The Federal Reserve has voted on a final Basel III rule that is significantly friendlier to residential housing finance than the earlier proposal. While the FDIC and OCC must still vote on it, the finalization of this rule is important as it opens the door for completion of the qualified residential mortgage rule. The completion of this set of rules will in turn provide clarity to the banking and capital markets, allowing them to pursue expanded mortgage lending as interest rates and profitability rise with the improving economy.

    Created: 1/1/0001 12:00:00 AM
  • Common sense says where there are jobs, there are better home sales and commercial leasing opportunities. So which markets are generating jobs and which are not?

    Created: 1/1/0001 12:00:00 AM
  • WASHINGTON (July 29, 2013) – After reaching the highest level in over six years, pending home sales declined in June, with rising mortgage interest rates beginning to impact the market, according to the National Association of Realtors®.

    The Pending Home Sales Index,* a forward-looking indicator based on contract signings, edged down 0.4 percent to 110.9 in June from a downwardly revised 111.3 in May, but is 10.9 percent higher than June 2012 when it was 100.0; the data reflect... Read More

    Created: 1/1/0001 12:00:00 AM
  • WASHINGTON (July 25, 2013) – Americans overwhelmingly believe owning a home is a good financial decision and a majority of renters say homeownership is one of their highest priorities for the future, according to a survey by the National Association of Realtors®. The 2013 National Housing Pulse Survey also found that renters are thinking more about purchasing a home now than in past years, while the number of people who say they prefer to rent has declined.

    “Homeownership matters... Read More

    Created: 1/1/0001 12:00:00 AM
  • In this video, NAR Chief Economist Lawrence Yun talks about the decline in sales of lower-priced homes because of low inventory, the increase in higher-priced homes, and highest and lowest price changes by region. He also explains pocket listings and their relationship to median days on the market, and discusses the unsustainability and unhealthiness of the current rate of home price growth.

    Created: 1/1/0001 12:00:00 AM
  • Remodeler confidence climbed in the second quarter as rising home prices continue to help make remodeling projects possible for more home owners, the National Association of Home Builders reports.

    Created: 1/1/0001 12:00:00 AM
  • In this video, NAR Chief Economist Lawrence Yun talks about how rising interest rates and tight lending standards will affect the pool of eligible home buyers. He also forecasts higher mortgage rates in 2014 and addresses the effects of persistent low inventory.

    Created: 1/1/0001 12:00:00 AM
  • After reaching the highest level in over six years, pending home sales declined in June. Read the press release for more information.

    Created: 1/1/0001 12:00:00 AM
  • WASHINGTON (July 22, 2013) – Existing-home sales declined in June but have stayed well above year-ago levels for the past two years, while the median price shows seven straight months of double-digit year-over-year increases, according to the National Association of Realtors®.

    Total existing-home sales1, which are completed transactions that... Read More

    Created: 1/1/0001 12:00:00 AM
  • Jed Smith, Managing Director of Quantitative Research discusses the highlights of the 2013 Profile of International Homebuying Activity with Marketing and Communications Manager TJ Doyle.

    Created: 1/1/0001 12:00:00 AM
  • Home prices are rising and foreclosures are falling, but the Obama administration's latest housing scorecard exercises a cautious tone once again.

    Created: 1/1/0001 12:00:00 AM
  • The number of homes for sale in June reached the highest level in the past year and numbers are posting higher than normal gains for this time of year, realtor.com® reports.

    Created: 1/1/0001 12:00:00 AM
  • Some housing markets are seeing a big increase in real estate professionals entering the business, as the housing market recovers.

    Created: 1/1/0001 12:00:00 AM
  • What's the median monthly mortgage payment of home owners? The latest American Housing Survey reveals what home owners are paying, as well as other characteristics of homes recently purchased.

    Created: 1/1/0001 12:00:00 AM
  • J.D. Power reveals which real estate companies rank highest for customer satisfaction in its latest Home Buyer/Seller Satisfaction study.

    Created: 1/1/0001 12:00:00 AM
  • The questions and answers in this quiz were taken from the 2013 Profile of Real Estate Firms, which presents the analysis of data gathered from REALTORS® who are executives at real estate firms. There were 6,671 respondents to the survey conducted in August 2013.

    Created: 1/1/0001 12:00:00 AM
  • In this video, NAR Chief Economist Lawrence Yun talks about the factors that led to the decline in existing-home sales in September: summer sales were stronger than usual, affordability is at a five-year low, income is not rising at the same rate as home prices, and interest rates are going up.

    Created: 1/1/0001 12:00:00 AM
  • After hitting the highest level in nearly four years, existing-home sales declined in September, but limited inventory conditions continued to pressure home prices in much of the country, 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, declined 1.9 percent to a seasonally adjusted annual rate of 5.29... Read More

    Created: 1/1/0001 12:00:00 AM
  • CHICAGO (October 21, 2013) – Today’s ever-evolving technology world is transforming the real estate industry, not only with new applications and tools, but also in generating volumes of information about how people approach and conduct real estate transactions. To help Realtors® understand and interpret these trends, the National Association of Realtors® has hired Todd Carpenter to fill a new position, Managing Director of Data Analytics.

    Carpenter was previously NAR’s Director of Digital Engagement, and most recently worked at Trulia.com as Senior Manager... Read More

    Created: 1/1/0001 12:00:00 AM
  • Home prices in a given area tend to increase when the stock valuations of nearby publicly traded companies go up, according to a new Redfin study.

    Created: 1/1/0001 12:00:00 AM
  • In 32 of the country's top metropolitan regions, at least 20 percent of all occupied single-family homes were rentals in 2012, a big rise from 2006.

    Created: 1/1/0001 12:00:00 AM
  • To get a little more information on the goals of the new Predictive Analytics division, REALTOR® Magazine sat down with Managing Director Todd Carpenter for a brief conversation.

    Created: 1/1/0001 12:00:00 AM
  • In early September, the Federal Housing Finance Agency (FHFA), the entity that oversees Freddie Mac and Fannie Mae, gave notice that it would revise the conforming loans limits in an attempt to stimulate the private sector, specifically the private mortgage securitization (PLS) market. Though any reduction in the loan limits is expected to be relatively modest, it could have more far reaching impacts at the local level and for the affected borrowers.

    Created: 1/1/0001 12:00:00 AM
  • Despite the persistent strength of the apartment market recovery, rent growth is being held in check by a weak economic recovery, according to Reis' third-quarter report on commercial real estate.

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  • Houses don't come cheap in these cities. Find out the most expensive ZIP codes in the country.

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  • Four main indicators for the housing market are showing signs of "steady leveling," according to realtor.com.

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  • A new analysis puts a dollar sign on just how much home buyers will likely spend in the first two years after purchasing a house.

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  • The government shutdown is weighing on the mortgage market, the Mortgage Bankers Association says.

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  • The growing uncertainty in the economy may be jittering home buyers, according to a new survey.

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  • Americans Prefer to Live in Mixed-Use, Walkable Communities

    According to the National Association of REALTORS® 2013 Community Preference Survey, 60 percent of respondents favor a neighborhood with a mix of houses, stores, and other businesses that are within walking distance, rather than neighborhoods requiring driving between home, work, and recreation. Respondents indicated that while the size of a home or yard does matter, most are willing to compromise size for a preferred neighborhood and less commuting.

    • ... Read More
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  • As buyers face higher borrowing costs, home sales are showing more signs of falling.

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  • The National Association of REALTORS® conducts research on a wide range of topics of interest to real estate practitioners, including market data, commercial, international, home buying and selling, NAR member information, and technology. Use the data these reports contain to improve your business through knowledge of the latest trends and statistics.

    Go Straight to the Research

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  • In this video, Jessica Lautz, Director of NAR Member and Consumer Survey Research, and Rob Freedman, REALTOR® Magazine, discuss the findings of the 2013 Profile of Home Buyers and Sellers.

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  • For most home buyers, the purchase of real estate is one of the largest financial transactions they will make. Buyers purchase a home not only for the desire to own a home of their own, but also because of changes in jobs, family situations, and the need for a smaller or larger living area. This annual survey conducted by the NATIONAL ASSOCIATION OF REALTORS® of recent home buyers and sellers provides insight into detailed information about their experiences with this important transaction. Here are highlights from the latest report.

    • Sixty-six percent of recent home... Read More

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  • Although the housing market has shown a healthy recovery over the past two years, unnecessarily restrictive mortgage lending standards are preventing some financially qualified buyers from reaching their dreams, especially singles and first-time buyers, according to an annual study released today.

    The 2013 National Association of Realtors® Profile of Home Buyers and Sellers continues a long-running series of large national NAR surveys evaluating the demographics, preferences, motivations... Read More

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  • In this video, NAR Chief Economist Lawrence Yun talks about the sizable decline in pending home sales in September. He explains that the market is coming to a predicted pause due to lower housing affordability, which is caused by lack of inventory and rising prices. He also discusses the PATH Act, which would remove Fannie Mae and Freddie Mac from home sales transactions without creating any good alternative to their involvement.

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  • In his latest blog post, NAR Chief Economist Lawrence Yun analyzes job growth rates by state.

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  • The 30-year fixed-rate mortgage jumped to a 4.28 percent average this week, as rates edged higher leading up to the federal budget deadline, Freddie Mac reports.

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  • The government shutdown is just one of the things that threw "a monkey wrench" in the real estate transaction process, NAR 2013 President Gary Thomas says.

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  • The inventory problem that has plagued many parts of the country over the past year is showing signs of improving.

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  • WASHINGTON (October 28, 2013) – Pending home sales declined for the fourth consecutive month in September, as higher mortgage interest rates and higher home prices curbed buying power, according to the National Association of Realtors®.

    The Pending Home Sales Index,* a forward-looking indicator based on contract signings, fell 5.6 percent to 101.6 in September from a downwardly revised 107.6 in August, and is 1.2 percent below September 2012 when it was 102.... Read More

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  • Third quarter fundamentals in REALTOR® commercial markets maintained a positive trajectory, despite headwinds from the government shutdown and budget debate.

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  • "There's a strong preference for being in a neighborhood where people can walk to shops, restaurants, parks," says an NAR spokesperson.

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  • The questions and answers in this quiz were taken from the 2013 Profile of Real Estate Firms, which presents the analysis of data gathered from REALTORS® who are executives at real estate firms. There were 6,671 respondents to the survey conducted in August 2013.

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  • Nationwide, existing-home sales increased in August, reaching the highest level in 6 1/2 years. What's more, the median price has shown nine consecutive months of double-digit year-over-year increases. But it could be temporary.

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  • Mortgage rates inched lower after the Federal Reserve announced its decision to delay tapering its bond-buying program, offering some relief to home buyers.

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  • The shadow inventory was once deemed a big threat to derailing the housing recovery. But the latest numbers show that threat is quickly vanishing.

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  • In this video, NAR Chief Economist Lawrence Yun talks about the decline in pending home sales, and rising interest rates that will lead to higher levels of home sales in the short term. He also looks ahead to the fall and winter months, and to 2014.

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  • WASHINGTON (September 26, 2013) – Pending home sales slowed in August, with tight inventory conditions, higher interest rates, rising home prices and continuing restrictive mortgage credit impacting the market, according to the National Association of Realtors®.

    The Pending Home Sales Index,* a forward-looking indicator based on contract signings, eased 1.6 percent to 107.7 in August from a downwardly revised 109.4 in July, but remains 5.8 percent above August 2012 when it was 101.8; the... Read More

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  • Investors are finding it's the little-known areas that may offers some of the highest returns. Here are the top 10 markets offering the highest gross rental yield based on data from RealtyTrac and RentRage.

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  • In this video, NAR Chief Economist Lawrence Yun talks about the rise in home prices, inventory, sales pace, the rise in interest rates, and what these statistics mean for the housing market.

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  • The recovery of the new-home market picked up speed in August, with builders beginning construction on more single-family homes and building permits soaring to a five-year high.

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  • WASHINGTON (September 19, 2013) – Existing-home sales increased in August and reached the highest level in six-and-a-half years, while the median price shows nine consecutive months of double-digit year-over-year increases, according to the National Association of Realtors®.

    Total existing-home sales1, which are completed transactions that include single-family homes, townhomes,... Read More

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  • The tight inventory of homes for-sale that plagued many markets in recent months is starting to fade.

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  • Two recent housing reports are confirming the same picture: Home owners are rapidly recapturing the equity they had lost in the last decade.

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  • As the peak home-buying season comes to an end, rising inventories and slower, steadier home-price increases in many markets are showing a healthier housing recovery.

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  • A new index reveals how many housing markets across the country have returned to or exceeded their pre-recession levels.

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  • If the federal government fails to increase its borrowing authority prior to when the U.S. Treasury says it will run out of money to pay its bills, debt default is not necessarily the first consequence we'll see, says NAR Chief Economist Lawrence Yun. Rather, the government could decide to pay the interest on its debt, which is about three percent of the U.S. gross domestic product, and ensure that global investors of U.S. Treasury bonds are made whole. That would help protect the dollar as the world reserve currency. But to do that, the government would have to curtail spending... Read More

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  • Next to the Canadians, Chinese buyers represented the second largest group of international buyers of U.S. property, based on the National Association of REALTORS® 2013 Profile of International Home Buying Activity, which captures transactions of respondents in the 12 months ended March 2013.

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  • Mortgage rates are up slightly this week, following more than a month of declines in borrowing costs.

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  • Middle-class home buyers are struggling to find enough affordable homes on the market as rising prices, higher interest rates, and flat incomes limit their choices.

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  • "A surge in completed foreclosures and a rise in the foreclosure inventory is unlikely given continued house-price improvements and shortages of supply in many markets," says CoreLogic's chief economist.

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  • High unemployment remains a drag on the housing recovery, economists say.

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  • Did you know that pent-up demand among young adults could boost home sales by 200,000? Read the statistics about this group of potential homeowners.

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  • Sales of new single-family homes bounced back in August after a big drop in July, but pending home sales are a bit more rocky.

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  • "These low rates should somewhat offset the house price gains seen the last number of months and keep housing affordability elevated," says Freddie Mac's chief economist.

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  • The 30-year fixed-rate mortgage is at its lowest average in nearly four months, but the government shutdown is having some impact on federal housing and mortgage programs.

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  • Home prices nationwide continue to rise, but the pace of price increases is showing signs of slowing.

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  • However, average rent prices aren't growing as much as expected, according to a new report.

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