High buyer demand made for quick sales in July, but large declines in the Northeast and Midwest outweighed sales increases in the South and West.
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Keeping up with technology, maintaining sufficient inventory, competition from nontraditional participants and profitability are among the biggest challenges for real estate firms, according to the National Association of Realtors® 2017 Profile of Real Estate Firms.
The supply and demand imbalances in much of the country tempered sales pace and caused home prices to continue to rise in the second quarter.
NAR report finds an 11 percent increase in commercial member income, and a 19 percent increase in sales transaction volume.
After a three-month decline, pending home sales rose in June as all major regions, except for the Midwest, saw an increase in contract activity.
Existing-home sales slipped in June as low supply kept homes selling at a near record pace but ultimately ended up muting overall activity.
NAR supports the House Financial Services Committee’s commitment to retaining “grandfathering” in the National Flood Insurance Program.
Fueled by a large increase in sales dollar volume from Canadian buyers, foreign investment in U.S. residential real estate skyrocketed to a new high.
84 percent of Americans think that buying a home is a good financial decision, yet six in 10 worry about the rising costs of homes and renting.
REach®, operated by Second Century Ventures, was named among the top 30 accelerators in the U.S. by the Seed Accelerator Rankings Project, or SARP.