Reports

This report is a key indicator of housing market strength based on a monthly survey sent to over 50,000 real estate practitioners.

NAR Research compiles the latest residential and commercial market data in this weekly real estate monitor, based on what REALTORS® are seeing in their markets, mortgage data, jobless claims, foot traffic, the commercial weekly summary blog, the latest home sales numbers, and more.

Despite the office sector continuing to shed office space in the face of strong job recovery, 2021 can still be considered a year of growth and potential thanks to demand for multifamily rentals, industrial space, off-premise sites for brick-and-mortars, and investment acquisitions.

Nationally, November 2021 U.S. home showings were down 12% year-over-year with 686,019 showings.

The National Association of REALTORS® identified top 10 markets with prices that were still undervalued relative to their underlying market fundamentals in 2021. These "hidden gem" markets are expected to experience stronger price appreciation relative to other markets in 2022.

The commercial real estate market has continued to recover on all fronts on the back of the sustained recovery in the job market, increased consumer spending, and workers trickling back to the office.

Showings declined in every region: Northeast region (-23%), Midwest (-17%), West (-17%) and South (-12%).

For most home buyers, the purchase of real estate is one of the largest financial transactions they will make.

NAR Research Group analyzed how vacant office buildings are being converted into housing, examining conversions in 27 markets with the largest decline in occupancy since the pandemic and looking at market conditions and factors that led to the success of eight office-to-housing conversions in Maryland, Washington DC, New York, California, and Illinois.

Amid an improving economy, the commercial real estate market continues to recover, marked by rising occupancy across all commercial property markets.