The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s U.S. Bureau of Labor Statistics jobs report for April: “This good jobs report for April should dispel any notion of a potential economic recession. Moreover, the continuing low levels of people filing for unemployment checks, as well as the high numbers of job openings,… Continue Reading Instant Reaction: April Jobs Report
This blog post was written by Karen Belita, Data Scientist. In the monthly REALTORS® Confidence Index Survey, the National Association of REALTORS® asks members if they have additional comments or information regarding the demand, demand-supply conditions, changing buyer profile and preferences, mortgage/credit issues, or other issues impacting the market in their own words. The additional… Continue Reading Year-to-Year Comparisons of What Realtors® Have Been Saying About the Housing Market
NAR’s annual REALTORS® Legislative Meetings & Trade Expo in D.C. is right around the corner. Thousands of Realtors® will flock to Washington the week of May 15 to hear from industry experts on the top issues impacting real estate. In addition to three core focuses this year – tax reform, the National Flood Insurance Program and the importance of sustainable… Continue Reading What to Expect at This Month’s REALTORS® Legislative Meetings & Trade Expo
With rising home values, improved economic conditions, and fewer foreclosures, the share of sales of distressed properties has generally continued to decline. Distressed sales accounted for six percent of sales in March 2017 (seven percent in February 2017; eight percent in March 2016), based on the March 2017 REALTORS® Confidence Index Survey Report. Foreclosed properties… Continue Reading Distressed Sales Slid to Six Percent of Residential Sales in March 2017
This blog post was written by Karen Belita, Data Scientist. In the monthly REALTORS® Confidence Index Survey, the National Association of REALTORS® asks members if they have additional comments or information regarding demand-supply conditions, changing buyer profile and preferences, mortgage/credit issues, or other issues impacting the market in their own words. Based on the additional… Continue Reading What Realtors® are saying about the Housing Market in March 2017…
Below is the following statement from NAR Chief Economist Lawrence Yun on the Federal Reserve’s decision today to stand pat on raising short-term rates: “Today’s FOMC decision is only a short-term, temporary pause. With no change in monetary policy, mortgage rates look to remain within the narrow band of 4.0% to 4.5% for the foreseeable future.… Continue Reading Instant Reaction: Lawrence Yun on Today’s FOMC Announcement
When the White House released its plan for tax reform on April 26, Realtors® raised strong concerns that it would nullify the mortgage interest deduction and eliminate important other deductions that incentivize homeownership. As news continues to trickle out about the plan, the National Association of Realtors® is taking steps to make sure its members… Continue Reading VIDEO: What You Need to Know About the White House Tax Plan
The tax plan released by the Trump Administration earlier this week puts the real estate industry at the center of the debate over how to make the country’s tax code simpler, fairer, and better at generating economic growth in the United States. For that reason, it’s important for real estate professionals to dig below the… Continue Reading Tax Plan Could Hurt Homeowners
In the monthly REALTORS® Confidence Index Survey, the National Association of REALTORS® asks members “In the neighborhood or area where you make most of your sales, what are your expectations for residential property prices over the next year?” Among REALTORS® who responded to the March 2017 survey, the median expected home price change in the… Continue Reading REALTORS®’ Expect Continued Home Price Growth in Most States in the Next 12 Months
Point State Park in downtown Pittsburgh.Credit: Meg White/REALTOR® Magazine The real estate professionals who’ve established themselves as community advocates and local economic experts are often the more successful ones in any given market. But how did they get there? One organization that can point the way is the National Main Street Center, an independent subsidiary… Continue Reading 3 Ways to Promote Your Town