Newsroom

The National Association® of Realtors welcomed REALTORS® Eric Brown and Jerry Isham, along with a host of industry professionals and civil rights experts, for an open conversation on racism in real estate and potential actions that can be taken to address the significant, lingering issues.

Dan Weisman, NAR's director of emerging technology, told the audience that $25 billion per year is being invested in proptech across the globe and $10 billion of that is being invested in the United States.

The apartment and industrial sectors are seeing strong growth. Retail is also recovering given the rising demand for online shopping. The office sector is starting to recuperate at a modest pace due to job growth and because some workers are heading back to the office. 

The real estate industry has helped Americans of every background build wealth through homeownership. Yet, for much of the 20th century, many African Americans have been excluded from these opportunities to build intergenerational wealth.

The outlook for the residential real estate market, which performed exceptionally well during the height of the pandemic, continues to be promising, according to NAR Chief Economist Lawrence Yun.