Monthly Archives: August 2016

Second Quarter Metro Area Home Prices Rise, Limited Inventory Capping Sales

WASHINGTON (August 9, 2012) – Median existing single-family home prices are rising in more metropolitan areas, but a lack of inventory – notably in lower price ranges – is limiting buyer choices in an increasing number of markets around the country, according to the latest quarterly report by the National Association of Realtors®.

The median existing single-family home price rose in 110 out of 147 metropolitan statistical… Read More

WASHINGTON (August 9, 2012) – Median existing single-family home prices are rising in more metropolitan areas, but a lack of inventory – notably in lower price ranges – is limiting buyer choices in an increasing number of markets around the country, according to the latest quarterly report by the National Association of Realtors®.

The median existing single-family home price rose in 110 out of 147 metropolitan statistical… Read More
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Video Increasingly Important in the Home Search

The importance of video in the home search process is growing. Buyers watch videos to help them with many parts of their search, such as viewing house tours, finding out about the surrounding community, and learning general information about buying and selling real estate.

The importance of video in the home search process is growing. Buyers watch videos to help them with many parts of their search, such as viewing house tours, finding out about the surrounding community, and learning general information about buying and selling real estate.


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REALTOR® University's Center for Real Estate Research Signs Agreement with Asian Real Estate Association of America

WASHINGTON (August 12, 2013) – REALTOR® University’s Center for Real Estate Studies and the Asian Real Estate Association of America have formed a new research partnership aimed at examining how real estate  impacts Asian immigrant populations.

As part of the agreement with AREAA, a nonprofit trade organization representing real estate, mortgage and housing-related professionals serving the Asian American market, REALTOR® University will conduct in-depth research exploring how Asian immigrants use their homes and businesses to leverage… Read More

WASHINGTON (August 12, 2013) – REALTOR® University’s Center for Real Estate Studies and the Asian Real Estate Association of America have formed a new research partnership aimed at examining how real estate  impacts Asian immigrant populations.

As part of the agreement with AREAA, a nonprofit trade organization representing real estate, mortgage and housing-related professionals serving the Asian American market, REALTOR® University will conduct in-depth research exploring how Asian immigrants use their homes and businesses to leverage… Read More
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Presentation: Summary of the 2013 Profile of International Buyers

This is a summary of the 2013 Profile of International Home Buying Activity in PowerPoint form. The presentation was given to the Massachusetts Association of REALTORS® by Jed Smith in August 2013.

This is a summary of the 2013 Profile of International Home Buying Activity in PowerPoint form. The presentation was given to the Massachusetts Association of REALTORS® by Jed Smith in August 2013.


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89% of REALTORS® Report Rising Prices in December

Home prices are generally still rising. About 89 percent of REALTORS® who responded to NAR’s monthly survey reported constant or rising prices (87 percent in November). Healthy demand, the drop in distressed sales, and low although improving inventory levels have supported the price growth. See the December REALTORS® Confidence Index Survey report for more information.

Home prices are generally still rising. About 89 percent of REALTORS® who responded to NAR’s monthly survey reported constant or rising prices (87 percent in November). Healthy demand, the drop in distressed sales, and low although improving inventory levels have supported the price growth. See the December REALTORS® Confidence Index Survey report for more information.


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Realtors® Declare Confidence in Commercial Market

WASHINGTON (May 15, 2014) — Realtors® who specialize in commercial real estate expressed confidence and optimism in the market during a forum at the REALTOR® Party Convention & Trade Expo. Despite a sluggish economy, commercial practitioners are not only reporting improvements in the market, but they expect improvements to continue in the years to come.

National Association of Realtors® Chief Economist Lawrence Yun joined… Read More

WASHINGTON (May 15, 2014) — Realtors® who specialize in commercial real estate expressed confidence and optimism in the market during a forum at the REALTOR® Party Convention & Trade Expo. Despite a sluggish economy, commercial practitioners are not only reporting improvements in the market, but they expect improvements to continue in the years to come.

National Association of Realtors® Chief Economist Lawrence Yun joined… Read More
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REALTOR® University Speaker Series Presentation: Increasing the Access to Credit and Affordable Rental Units for Low Income Housing

This presentation is from a talk given by Dr. Paul Manchester, a Principal Economist at the Federal Housing Finance Agency (FHFA). In his talk, he discusses how Fannie Mae and Freddie Mac are increasing access of low income households and households in low-income/high-minority areas to affordable single-family housing and to multifamily rental units.

This presentation is part of the REALTOR® University Speaker Series.

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This presentation is from a talk given by Dr. Paul Manchester, a Principal Economist at the Federal Housing Finance Agency (FHFA). In his talk, he discusses how Fannie Mae and Freddie Mac are increasing access of low income households and households in low-income/high-minority areas to affordable single-family housing and to multifamily rental units.

This presentation is part of the REALTOR® University Speaker Series.

More Information

Read More
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Expectations and Market Realities in Real Estate

Highlights:

As 2016 gets underway, there has been a definite slowdown in the velocity of commercial real estate sales volume, per Real Capital Analytics. We expect commercial real estate to take on more of a defensive role in this environment, and as values and prices begin to level off, investors will likely benefit from it being a hard asset, as well as from its strong income flow, especially if long-term interest rates and 10-year Treasury rates remain low, as expected.

With respect to investment, it is always difficult to separate market realities from the “… Read More

Highlights:

As 2016 gets underway, there has been a definite slowdown in the velocity of commercial real estate sales volume, per Real Capital Analytics. We expect commercial real estate to take on more of a defensive role in this environment, and as values and prices begin to level off, investors will likely benefit from it being a hard asset, as well as from its strong income flow, especially if long-term interest rates and 10-year Treasury rates remain low, as expected.

With respect to investment, it is always difficult to separate market realities from the “… Read More
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Existing-Home Sales Grow 1.8 Percent in May; Highest Pace in Over Nine Years

WASHINGTON (June 22, 2016) — Existing-home sales sprang ahead in May to their highest pace in almost a decade, while the uptick in demand this spring amidst lagging supply levels pushed the median sales price to an all-time high, according to the National Association of Realtors®. All major regions except for the Midwest saw strong sales increases last month.

Total existing-home sales1, which are completed transactions that include single-family homes, townhomes, condominiums and… Read More

WASHINGTON (June 22, 2016) — Existing-home sales sprang ahead in May to their highest pace in almost a decade, while the uptick in demand this spring amidst lagging supply levels pushed the median sales price to an all-time high, according to the National Association of Realtors®. All major regions except for the Midwest saw strong sales increases last month.

Total existing-home sales1, which are completed transactions that include single-family homes, townhomes, condominiums and… Read More
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Existing-Home Sales Grow in May as Prices Continue to Rise

In this video, NAR Chief Economist Lawrence Yun talks about the growth in existing-home sales in May 2016, and rising home prices.

 

In this video, NAR Chief Economist Lawrence Yun talks about the growth in existing-home sales in May 2016, and rising home prices.

 


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Pending Home Sales Skid in May

WASHINGTON (June 29, 2016) — After steadily increasing for three straight months, pending home sales let up in May and declined year-over-year for the first time in almost two years, according to the National Association of Realtors®. All four major regions experienced a cutback in contract activity last month.

The Pending Home Sales Index,* a forward-looking indicator based on contract signings, slid 3.7 percent to 110.8 in May from a downwardly revised 115.0 in April and is now slightly lower (0.2 percent) than May 2015 (111.0)…. Read More

WASHINGTON (June 29, 2016) — After steadily increasing for three straight months, pending home sales let up in May and declined year-over-year for the first time in almost two years, according to the National Association of Realtors®. All four major regions experienced a cutback in contract activity last month.

The Pending Home Sales Index,* a forward-looking indicator based on contract signings, slid 3.7 percent to 110.8 in May from a downwardly revised 115.0 in April and is now slightly lower (0.2 percent) than May 2015 (111.0)…. Read More
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Contract Signings Drop in May on Limited Inventory

In this video, NAR’s Danielle Hale and Adam DeSanctis talk about the drop in contract signings and the potential impact of Brexit on the US real estate market.

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In this video, NAR’s Danielle Hale and Adam DeSanctis talk about the drop in contract signings and the potential impact of Brexit on the US real estate market.

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Did You Know: Veterans and Active Military Buyers and Real Estate Agents

This infographic uses data from NAR's 2016 Veterans and Active Military Home Buyers and Sellers Profile.

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This infographic uses data from NAR's 2016 Veterans and Active Military Home Buyers and Sellers Profile.

More Information


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Did You Know: Veterans and Active Military Sellers and Real Estate Agents

This infographic uses data from NAR's 2016 Veterans and Active Military Home Buyers and Sellers Profile.

More Information

 

This infographic uses data from NAR's 2016 Veterans and Active Military Home Buyers and Sellers Profile.

More Information

 


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Did You Know: Veterans and Active Military Buyers and the Home Selling Process

This infographic uses data from NAR's 2016 Veterans and Active Military Home Buyers and Sellers Profile.

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This infographic uses data from NAR's 2016 Veterans and Active Military Home Buyers and Sellers Profile.

More Information


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Did You Know: Veterans and Active Military Buyers and Homes as Investments

This infographic uses data from NAR's 2016 Veterans and Active Military Home Buyers and Sellers Profile.

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This infographic uses data from NAR's 2016 Veterans and Active Military Home Buyers and Sellers Profile.

More Information


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Did You Know: Veterans and Active Military Buyers and Recommending Agents

This infographic uses data from NAR's 2016 Veterans and Active Military Home Buyers and Sellers Profile.  

More Information

 

This infographic uses data from NAR's 2016 Veterans and Active Military Home Buyers and Sellers Profile.  

More Information

 


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International Home Sales Dollar Volume Retracts in U.S., Chinese Lead Purchases

WASHINGTON (July 6, 2016) — Waning economic growth in many countries and higher home prices further enhanced by a strengthening U.S. dollar resulted in a slight decline in international sales dollar volume of U.S. property over the past year and a significant retreat in buying from non-resident foreigners.

This is according to an annual survey of residential purchases from international buyers released today by the National Association of Realtors®. The survey also amazingly revealed that the dollar volume of sales from Chinese buyers exceeded the total dollar sales figure… Read More

WASHINGTON (July 6, 2016) — Waning economic growth in many countries and higher home prices further enhanced by a strengthening U.S. dollar resulted in a slight decline in international sales dollar volume of U.S. property over the past year and a significant retreat in buying from non-resident foreigners.

This is according to an annual survey of residential purchases from international buyers released today by the National Association of Realtors®. The survey also amazingly revealed that the dollar volume of sales from Chinese buyers exceeded the total dollar sales figure… Read More
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Profile of International Activity in U.S. Residential Real Estate

2016 Profile of International Activity in U.S. Residential Real Estate Infographic

Florida remains the most popular destination for international home buyers, while the pool of countries from which buyers come turns more diverse. 

The Profile of International Home Buying Activity presents data gathered from REALTORS® on purchases of U.S. real estate by international clients made during the 12 months from April 2015–March 2016.

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June 2016 Foot Traffic

Every month SentriLock, LLC. provides NAR Research with data on the number of properties shown by a REALTOR®. Lockboxes made by SentriLock, LLC. are used in roughly a third of home showings across the nation. Foot traffic has a strong correlation with future contracts and home sales, so it can be viewed as a peek ahead at sales trends two to three months into the future. This infographic shows the latest index data along with trends and changes.

Every month SentriLock, LLC. provides NAR Research with data on the number of properties shown by a REALTOR®. Lockboxes made by SentriLock, LLC. are used in roughly a third of home showings across the nation. Foot traffic has a strong correlation with future contracts and home sales, so it can be viewed as a peek ahead at sales trends two to three months into the future. This infographic shows the latest index data along with trends and changes.


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2016 Q2 Homeownership Opportunities and Market Experience (HOME) Survey

The Housing Opportunities and Market Experience (HOME) report was created to monitor consumer sentiment about the housing market. It covers core topics that will be tracked on a monthly basis such as views on housing as a good financial investment, whether homeownership is part of the American Dream, if now is a good time to buy or sell a home and perception of home price changes.

Highlights:

  • In the second quarter of 2016, 74 percent of people believe that now is a good time to buy a home. Forty-two percent believe that strongly, down from 44 percent in Q1 2016… Read More

    The Housing Opportunities and Market Experience (HOME) report was created to monitor consumer sentiment about the housing market. It covers core topics that will be tracked on a monthly basis such as views on housing as a good financial investment, whether homeownership is part of the American Dream, if now is a good time to buy or sell a home and perception of home price changes.

    Highlights:

    • In the second quarter of 2016, 74 percent of people believe that now is a good time to buy a home. Forty-two percent believe that strongly, down from 44 percent in Q1 2016… Read More
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Affordability, Student Debt Causing Chasm About Buying Between Homeowners, Renters

WASHINGTON (July 13, 2016) — Despite lackluster economic growth and stark home-price appreciation in several parts of the country in recent months, roughly three-quarters of surveyed households still believe now is a good time to buy a home, but there's a considerable gap in morale between homeowners and renters, according to the latest installment of the National Association of Realtors® Housing Opportunities and Market Experience (HOME) survey1. The survey also found that roughly half of young adults with student debt are uncomfortable about taking on a… Read More

WASHINGTON (July 13, 2016) — Despite lackluster economic growth and stark home-price appreciation in several parts of the country in recent months, roughly three-quarters of surveyed households still believe now is a good time to buy a home, but there's a considerable gap in morale between homeowners and renters, according to the latest installment of the National Association of Realtors® Housing Opportunities and Market Experience (HOME) survey1. The survey also found that roughly half of young adults with student debt are uncomfortable about taking on a… Read More
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