NAR's Research group goes in-depth on the stories relating to the real estate industry and NAR's research reports.
Visit this blog daily to see what NAR experts are saying about the economy, the housing market, and other factors that will impact your business.
Macroeconomic conditions downshifted in the third quarter of this year. Real gross domestic product (GDP) advanced at an annual rate of 2.1 percent, according to the Bureau of Economic Analysis’s second estimate. The gain remained below the long-run historical average of 3.0 percent.
Active military and veterans comprised 21 percent of all home buyers in 2015 ̶ a sizable subset worth exploring their purchasing preferences, according to NAR’s 2015 Profile of Home Buyers and Sellers report released in November 2015.
Using data from the 2014 Profile of Home Buyers and Sellers and 2013 Home Features Survey we can break down household composition, and the relationship it has to home purchasing choices.
Most Americans agree that traffic congestion is a major problem in their communities, and congestion seems to be getting worse. In a REALTOR® University presentation Dr. Anthony Downs, an Economist and Senior Fellow at the Brookings Institution, discussed how traffic congestion appears to be a long-term problem.
Earlier this week, we looked at the FHFA and Case-Shiller release focusing on national data trends. Today, we’ll dig a bit deeper to look at more local data at the regional, state, and city or MSA level.
Last week NAR released median home price information that showed gains of 4.9 percent in July 2014 home prices compared to July 2013. This gain was slightly higher than the 3.7 percent seen in June and notably slower than double-digit price growth in summer/fall 2013.
Last week NAR released existing home sales and median home price information that showed gains of 9.1 percent in prices in February 2014 compared to February 2013, notably slower than trends in early summer/fall 2013 when price growth topped a double-digit pace.
With a win by the socialist party in France’s presidential election, bond investors will be shifting money into U.S., U.K. and Germany. That means lower mortgage rates, at least temporarily, for U.S. consumers.