While high interest rates may lead to a price decline nationwide, strong job growth will support prices in many markets.
High inflation, elevated mortgage rates, slowing sales activity, and severely limited housing inventory will prevent large home price drops for most of the U.S. in 2023.
The median income needed to buy a typical home has risen to $88,300, almost $40,000 more than it was prior to the start of the pandemic, in 2019.
November 10, 2022
The three-hour course engaged members on challenging discussions about identity and tactics to eliminate bias in the real estate industry.
The 2023 REACH Canada cohort are focused on addressing some of the most critical and evolving real estate challenges, including aging in place, access to housing, environmental responsibility, and space utilization.
Compared to a year ago, the share of first-time home buyers dropped to a record low, while the age of a typical first-time buyer increased to an all-time high.
REALTORS® and real estate professionals worldwide will join one another Nov. 11-13 at the industry's flagship event to learn, share best practices, network, give back to the Orlando community, and focus on what’s new and coming soon to the ever-changing real estate industry.
November 2, 2022
Media Contact:Lauren Cozzi 202-383-1178
Looking forward, cyber security, 5G and drones are expected to have the biggest impact on real estate in the next two years. Nearly half of Realtors® believe the metaverse will have an impact on real estate.
All NAR 2023 statistical and forecast news releases will be distributed at 10 a.m. Eastern Time.
October 26, 2022
FHFA announced their transition from using Classic FICO to allowing Fannie and Freddie to use newer versions of FICO and Vantage.