Including home buying and selling, commercial, international, NAR member information, and technology. Use the data to improve your business through knowledge of the latest trends and statistics.
Stay current on industry issues with daily news from NAR. Network with other professionals, attend a seminar, and keep up with industry trends through events hosted by NAR.
Including home buying and selling, commercial, international, NAR member information, and technology. Use the data to improve your business through knowledge of the latest trends and statistics.
Stay current on industry issues with daily news from NAR. Network with other professionals, attend a seminar, and keep up with industry trends through events hosted by NAR.
Personal bankruptcies tend to rise during periods of economic distress due to job loss and loss or reduction of income. Not surprisingly, this pattern was evident during this most recent economic downturn when bankruptcies rose nationally to a peak of 1.537 million in 2010.
Since 2010, the number of bankruptcies has fallen nationally, led by Nevada, where personal bankruptcies fell 26.9% from 2011 to 2012. The decline in bankruptcies is a reflection of improved consumer balance sheets.
However, consumers are also dealing with a stringent lending environment where heightened credit and reserve standards constrain many would-be home buyers.