Economist Gay Cororaton spoke about the findings of the 2019 Q1 Commercial Real Estate Market Survey and gave insights on trends in the commercial market.
NAR's research team spoke about some of the possibilities of predictive analytics to the Data Strategies Committee.
Brandi Snowden, Director, Member and Consumer Survey Research, presented survey findings on Association benefits and services to the Leading Edge Advisory Board committee meeting.
NAR Chief Economist Lawrence Yun was interviewed by the Real Estate Today radio show and filmed for a video on the quarterly metro median price release.
Amanda Riggs, Research Survey Analyst, presented the results of the 2019 REALTORS® and Sustainability Report to the Sustainability Advisory Group.
Low mortgage rate, a record low unemployment rate since 1953, sustained job creation of more than 2 million per year since 2012, and an increase in real wage growth are all working in favor of homebuyers.
At the national level, housing affordability is down from last month but up from a year ago. Mortgage rates were down from last month at 4.51 percent this March, and down 2.6 percent compared to 4.63 percent a year ago.
Fantastic news on the jobs market as abundant job openings are getting filled. Such conditions boost consumer confidence which further feeds the economy.
Job growth continues to increase strongly, with the economy generating 2.5 million jobs in March 2019 from one year ago. Payroll employment rose in March 2019 from one year ago in all industries except for information services, utilities, and retail trade.
The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s S&P/Case-Shiller release on February home prices: