Research Commentary from REALTOR.org.

Research commentary and reports from REALTOR.org.

2009 National Association of REALTORSĀ®


Thu, 11 Mar 2010 09:11:48 -0500

NAR Calls for Affordable Disaster Insurance Policy

(Mar. 10) Charles McMillan, immediate past president of NAR, told Congress that it must improve affordability of property insurance for natural disasters.

Thu, 4 Mar 2010 10:13:18 -0600

Pending Home Sales Down

Pending home sales fell 7.6 percent and additional declines are expected from abnormal weather conditions.

Fri, 26 Feb 2010 08:51:10 -0600

New Data: January Existing-Home Sales

Existing-home sales fell in January but are above year-ago levels, and prices are holding steady.

Wed, 24 Feb 2010 10:02:30 -0600

REALTOR® Magazine’s Good Neighbor Awards Seek Entries, Winners Receive $10,000

Realtors® is now accepting applications for the 11th annual REALTOR® Magazine Good Neighbor Awards.

Tue, 23 Feb 2010 10:58:25 -0600

New Data: Commercial Market Forecast

While the recent recession negatively impacted commercial real estate, there is hope for improvement.

Thu, 11 Feb 2010 10:35:56 -0600

Fourth Quarter Existing-Home Sales Surge in Most States, Prices Up in More Areas

Strong gains in existing-home sales were the predominant pattern in most states during the fourth quarter, with many more metro areas seeing prices rise from a year earlier, according to the latest survey by the National Association of Realtors®.

Tue, 2 Feb 2010 15:41:05 -0500

Pending Home Sales Stabilize, Remain Above Year-Ago Levels

Pending home sales have leveled from a market swing driven by response to the home buyer tax credit, according to the National Association of Realtors®.

Fri, 22 Jan 2010 09:18:24 -0500

REALTORS® Donate $550K to Haiti Relief and REALTOR® Good Neighbor Winner

The REALTORS® Relief Foundation of the National Association of Realtors® is contributing $550,000 to the relief of victims of the Haiti earthquake, and is calling upon its 1.2 million members to help.

Thu, 21 Jan 2010 15:46:26 -0500

NAR and Lowe's Donate Relief Aid to Haiti and Good Neighbor Winner

The National Association of Realtors® and Lowe’s, a partner in NAR’s REALTOR Benefit® Program, are coming together to contribute relief to Haiti and the victims of the country’s recent earthquake. Together NAR and Lowe’s are leading the charge as Realtors® spread the awareness of good neighbors to those in desperate need.

Tue, 12 Jan 2010 15:12:26 -0500

NAR Names New Executive Director to the Real Estate Standards Organization

National Association of Realtors® member Travis Wright, a 30-year real estate and technology industry veteran, has been appointed to executive director of the Real Estate Standards Organization.

Fri, 8 Jan 2010 15:11:53 -0500

Realtor® Grant and Mentoring Program Seeks Nominations

REALTOR® Magazine’s Good Neighbor Society is seeking entries for Volunteering Works, a program that matches Realtors® who would like to expand their community service outreach with a mentor and grant money. Mentors are part of the Good Neighbor Society, past recipients of the magazine’s annual Good Neighbor Award for volunteerism.

Tue, 5 Jan 2010 14:48:44 -0500

Pending Home Sales Down

Pending home sales fell after a surge of activity in preceding months to beat the original deadline for the first-time home buyer tax credit but remains comfortably above a year ago.

Tue, 22 Dec 2009 16:14:19 -0500

Another Big Gain in Existing-Home Sales as Buyers Respond to Tax Credit

Existing-home sales rose again in November as first-time buyers rushed to close sales before the original November 30 deadline for the recently extended and expanded tax credit, according to the National Association of Realtors®.

Thu, 17 Dec 2009 12:19:57 -0500

Exterior Remodeling Proves Best Bang for Your Buck, Realtors® Report

Results from the 2009 Remodeling Cost vs. Value Report show that small-scale exterior projects are most profitable at resale.

Thu, 3 Dec 2009 16:29:07 -0500

Employer-Assisted Housing Benefits Work

These forms of benefits have proven effective at helping working individuals purchase and keep their homes.

Tue, 1 Dec 2009 15:45:32 -0500

Nine Consecutive Gains for Pending Home Sales

Pending home sales have risen for nine months in a row, a first for the series of the index since its inception in 2001, according to the National Association of Realtors®.

Mon, 30 Nov 2009 15:07:06 -0500

NAR Grants $50,000 to Fund Local Realtor® Affordable Housing Activities

To help promote and expand local affordable housing opportunities in communities across the country, the National Association of Realtors® has awarded $50,950 to 16 local and state Realtor® associations through the Housing Opportunity Fund grants program.

Mon, 30 Nov 2009 15:06:38 -0500

Existing-Home Sales Record Another Big Gain, Inventories Continue to Shrink

Driven by the first-time buyer tax credit, existing-home sales showed another big gain in October with a strong uptrend established over the past seven months, while inventories continue to decline, according to the National Association of Realtors®.

Mon, 30 Nov 2009 15:06:19 -0500

Employer-Assisted Housing Forum Helps Bring Homeownership Within Reach

While reduced home prices and lower mortgage rates have helped increase affordability, homeownership is still out of reach for a large portion of working individuals. To help make homeownership more affordable for working families, the National Association of Realtors® partnered with the National Housing Conference to host a regional forum in Philadelphia today to raise awareness of employer-assisted housing benefits.

Mon, 30 Nov 2009 15:04:14 -0500

NAR Announces Partnership with DocuSign to Deliver Electronic Signature Services to Members

An ability to sign bids and closing documents online will allow Realtors® to respond to buyers and sellers in a more timely manner, as the National Association of Realtors® today announced a business alliance with DocuSign, the leading provider of on-demand electronic signature solutions.

Mon, 30 Nov 2009 15:03:43 -0500

Commercial Real Estate Forecast Uncertain

The recent deep economic downturn has had a pronounced impact on commercial real estate sectors, but credit availability is the big unknown that will determine how soon commercial markets recover, according to the National Association of Realtors®.

Mon, 30 Nov 2009 15:03:14 -0500

NAR Installs 2010 Officers

Vicki Cox Golder, a Realtor® from Tucson, Ariz., was installed today as 2010 president of the National Association of Realtors® at the association’s Board of Directors meeting during the REALTORS® Conference & Expo here. Approximately 20,000 Realtors® and guests from the U.S. and abroad attended the annual meeting this year.

Mon, 30 Nov 2009 15:02:51 -0500

NAR Recognizes Realtor® David M. Peretti of Winchester, Mass., for Distinguished Service

David M. Peretti, a Realtor® from Winchester, Mass., has received the National Association of Realtors® 2009 Distinguished Service Award. Out of 1.2 million Realtors®, no more than two are recognized with this award each year, which is announced during NAR’s annual REALTORS® Conference & Expo.

Mon, 30 Nov 2009 14:59:21 -0500

NAR Recognizes Realtor® Jerry R. Teeson of Coon Rapids, Minn., for Distinguished Service

Jerry R. Teeson, a Realtor® from Coon Rapids, Minn., has received the National Association of Realtors® 2009 Distinguished Service Award. Out of 1.2 million Realtors®, no more than two are recognized with this award each year, which is announced during NAR’s annual REALTORS® Conference & Expo.

Mon, 30 Nov 2009 14:58:53 -0500

Renters Often Unlikely Victims of Foreclosure

When the foreclosure crisis first hit the U.S., many individuals and families living in rental housing were evicted without notice after the property they called home entered foreclosure. Often those tenants, who had been paying their rent on time, had no idea the property was in delinquency or facing foreclosure until they received notice to evict.

Mon, 30 Nov 2009 14:58:18 -0500

Realtors® Help Buyers Attain Short Sales Success

Not all buyers are suited for a short sale. This was one of the messages delivered at “Short Sales from the Buyer’s Perspective” during the 2009 REALTORS® Conference & Expo today.

Fri, 25 Sep 2009 11:09:51 -0400

Did You Know: Commercial Member Business Specialties

Did you know that land sales were identified by 16 percent of commercial members as their primary business specialty?

Fri, 25 Sep 2009 11:09:19 -0400

Daily Forecast Update: Consumer Confidence, Residential Sales, and Durable Goods

We are making progress in emerging from the recession, but the recovery is still somewhat weak.

Thu, 24 Sep 2009 14:24:20 -0400

Economists' Commentary: Existing Home Sales in August

We are ever so close to reaching that self-propelling housing market recovery.

Thu, 24 Sep 2009 14:23:42 -0400

Did You Know: Commercial Member Income

Did you know that in 2008 the median gross annual income of commercial members was $99,900?

Tue, 22 Sep 2009 16:33:47 -0400

Did You Know: Commercial Member Experience

Did you know that among commercial members, the median years experience in real estate is 24?

Tue, 22 Sep 2009 16:33:18 -0400

Daily Forecast Update: Stock Market, Gold and Oil Prices

The rising stock market assures less cautious consumers, but the bigger boost to consumer spending will come from rising housing wealth.

Mon, 21 Sep 2009 16:26:58 -0400

Did You Know: Commercial Member Demographics

Did you know that according to the 2009 Commercial Member Profile, the average commercial member is 56 years old?

Mon, 21 Sep 2009 16:26:16 -0400

Daily Forecast Update: Interest Rates, Home Buyer Tax Credit Extension

A sustainable economic recovery and changes in forecast will depend upon the extension of the first-time home buyer’s tax credit.

Fri, 18 Sep 2009 11:13:09 -0400

Daily Forecast Update: Consumer Credit

With home values recently showing stabilization signs, gains in housing wealth are likely for 2010 and beyond.

Fri, 18 Sep 2009 11:11:54 -0400

Did You Know: Home Equity Cashed Out

Did you know that home equity fell by $5.9 trillion in 2008, down 43% from the 2005 level?

Thu, 17 Sep 2009 15:58:24 -0400

Daily Forecast Update: Housing Starts & Unemployment Claims

Some restraint in new home construction is needed to allow time for existing housing inventory to be absorbed.

Thu, 17 Sep 2009 15:58:23 -0400

Did You Know: Recession "Very Likely Over"

Did you know that Federal Reserve Chairman Bernanke has said that the recession is "very likely over?"

Wed, 16 Sep 2009 16:27:05 -0400

Daily Forecast Update: Mortgage Purchase Applications, Consumer Price Index, Industrial Production, Current Account Balance

Home sales continue to chug along at a healthy rate despite this week’s anomalous decline in mortgage applications.

Wed, 16 Sep 2009 13:16:47 -0400

Did You Know: Non-Prime Lending

Did you know that more than 50% of loans originating in San Francisco, San Jose, and San Diego at the height of the housing boom included affordability features?

Tue, 15 Sep 2009 14:40:03 -0400

Did You Know: Household Tenure by Income

Did you know that in 2007 more than 90% of occupied households earning $120,000 or more were occupied by their owners?

Tue, 15 Sep 2009 14:39:05 -0400

Commentary: Multi-Family Vacancy to Rise

In light of rising vacancies in the third quarter, rent growth is expected to decline.

Tue, 15 Sep 2009 14:37:31 -0400

Daily Forecast Update: Retail Sales, Producer Price Index

The rise in retail sales points to an improvement in consumer confidence.

Mon, 14 Sep 2009 14:37:32 -0400

Did You Know: Energy and Environmental Concerns

Did you know the residential sector is responsible for about 21 percent of total energy consumption?

Mon, 14 Sep 2009 14:36:13 -0400

Economists' Commentary: Climbing Out of Recession

The world-wide economic recession is essentially over.

Fri, 11 Sep 2009 14:34:38 -0400

Did You Know: Severely Burdened Households

Did you know that many severely burdened householders are actually employed, retired or disabled?

Fri, 11 Sep 2009 14:33:43 -0400

Daily Forecast Update: Imports & Exports, Wholesale Prices, Consumer Sentiment

he demand for U.S. wholesalers' goods has increased for the 3rd consecutive month and means wholesalers are clearing excess supply.

Thu, 10 Sep 2009 14:32:46 -0400

Did You Know: Seriously Delinquent Mortgages

Did you know that seriously delinquent mortgages are so far concentrated among private label securities?

Thu, 10 Sep 2009 14:31:14 -0400

Daily Forecast Update: Unemployment Claims, Trade Deficit

Unemployment claims are still high but continue to abate in intensity. However, we can expect rising unemployment through the next year or so.

Wed, 9 Sep 2009 14:26:59 -0400

Did You Know: REALTORS® and Designations

Did you know that the median gross personal income REALTORS® with at least one designation was $55,700 based on a 2009 survey?

Wed, 9 Sep 2009 14:25:43 -0400

Daily Forecast Update: Mortgage Applications, Beige Book

Buyers are taking advantage of record low interest rates and home prices, which is making homeownership more affordable now than ever.

Wed, 9 Sep 2009 09:57:06 -0400

Did You Know: REALTORS® and Designations

Did you know REALTORS® who have a designation make significantly higher salaries?

Tue, 8 Sep 2009 15:05:52 -0400

Did You Know: Percent of Homes Financed

Did you know that among all buyers, the percentage of homes financed remained stable at 91 percent from 2006-2008?

Tue, 8 Sep 2009 15:04:46 -0400

Economist's Podcast: September 8, 2009

NAR Chief Economist Lawrence Yun shares his outlook on jobs and why a shift in consumer perspective is driving a stable housing market.

Fri, 4 Sep 2009 13:31:49 -0400

Daily Forecast Update: Jobless Claims

People continue to struggle unemployment rises, curtailing spending on items large and small.

Fri, 4 Sep 2009 13:23:59 -0400

Did You Know: Foreigner Financing of Purchased Property

Did you know that foreigners frequently pay cash in purchasing U.S. properties, rather than obtaining a mortgage?

Thu, 3 Sep 2009 13:19:48 -0400

Daily Forecast Update: Jobless Claims, ISM Index

Tomorrow's employment situation release will give a fuller picture of conditions, and economists expect the unemployment rate to creep up from its current 9.4 percent.

Thu, 3 Sep 2009 13:19:47 -0400

Did You Know: Where Foreign Buyers Purchased Property

According to NAR’s recently released 2009 Profile of International Home Buying Activity, while foreign buyers purchased U.S. properties throughout the U.S., the two regions most popular were the South and West.

Thu, 3 Sep 2009 13:19:46 -0400

Economist's Commentary: Industrial Rent Expected to Drop 11.4 Percent in 2009

The industrial sector underwent further contraction in the second quarter of the year.

Wed, 2 Sep 2009 13:18:35 -0400

Did You Know: Median Price Paid by International Buyers Purchasing

Did you know that the median price paid for homes purchased by foreign buyers was $247,100 in 2008.

Wed, 2 Sep 2009 13:17:23 -0400

Daily Forecast Update: Employment, Mortgage Applications

Although the economy is expected to show positive growth in the third quarter, unemployment is still expected to increase for approximately the next year

Wed, 2 Sep 2009 13:16:23 -0400

Economists' Commentary: Unemployment Claims- Duration and Exhaustion Rate

While the housing market and stock market are showing signs of recovery, unemployment remains high.

Tue, 1 Sep 2009 13:15:18 -0400

Did You Know: Buyer Origin

According to NAR’s recently released The 2009 Profile of international Home Buying Activity, 31 percent of foreign purchasers of U.S. real estate were from Europe.

Tue, 1 Sep 2009 13:13:47 -0400

Daily Forecast Update: Pending Home Sales, Construction, ISM

Home sales should continue their upward pattern as the real estate market moves into the early fall.

Tue, 1 Sep 2009 13:07:40 -0400

Economist's Commentary: Office Vacancies Rise as Demand Declines

The economy closed the second quarter of the year with negative results, but with a hopeful outlook for the latter half of the year.

Mon, 31 Aug 2009 09:21:30 -0400

Did You Know: Echo Boomers

Did you know that "echo boomers" will help keep demand strong for the next 10 years and beyond, bolstering the markets for rentals and starter homes.

Fri, 28 Aug 2009 09:20:29 -0400

Quick Take: Personal Income & Consumption, Consumer Sentiment

Consumers remain fairly weakened by the economic crisis. The unemployment situation continues to make people more cautious when it comes to spending than usual.

Thu, 27 Aug 2009 09:19:12 -0400

Did You Know: Who Worked at Home, by Income

Did you know that nearly one in three of the highest earners works at home on an average day compared to fewer than one in ten among the lowest earning groups?

Thu, 27 Aug 2009 09:18:12 -0400

Quick Take: Unemployment Insurance Claims, GDP

People receiving unemployment insurance declined this past week.

Wed, 26 Aug 2009 09:16:06 -0400

Did You Know: Who Worked at Home?

Did you know that those who are self-employed were more than 3 times as likely as wage and salary workers to work at home on an average workday.

Wed, 26 Aug 2009 09:16:05 -0400

Quick Take: New Home Sales, Mortgage Applications

The releasing of the pent-up demand should help continue to carry the momentum forward.

Tue, 25 Aug 2009 13:34:33 -0400

Did You Know: Home Buyers by Marital Status

Did you know that married couples who purchased homes typically had a household income of $86,500?

Mon, 24 Aug 2009 13:33:05 -0400

Did You Know: Real House Prices

Home prices in many markets have retreated to pre-boom levels. In the Midwest, where house price appreciation was only modest during the boom, the setbacks have been especially large.

Mon, 24 Aug 2009 13:29:33 -0400

Quick Take: Six Month Bill Auction

Today's auction for 6 month T-Bills produced an investment rate of .259%, compared to a rate of .279% on July 27 and .340% on June 22.

Fri, 21 Aug 2009 13:29:32 -0400

Did You Know: Foreclosures in Once-Booming Markets

Foreclosure rates in California, Arizona, Nevada, and Florida surged from less than 0.9 percent at the start of 2007 to 5.9 percent by the end of 2008.

Fri, 21 Aug 2009 13:29:32 -0400

Economists' Commentary: July Existing Home Sales

Existing home sales increased 7.2 percent from the prior month to a seasonally adjusted annual rate of 5.24 million units.

Thu, 20 Aug 2009 13:12:38 -0400

Quick Take: Unemployment Claims, Leading Indicators

Higher unemployment stalls economic growth as consumers are apprehensive about making large purchases.

Thu, 20 Aug 2009 11:42:09 -0400

Did You Know: Home Price-to-Income Ratio

Did you know that conditions are great for home buyers with a steady job and good financing?

Wed, 19 Aug 2009 11:43:22 -0400

New Economic Data: Commercial Leading Indicator

Although commercial real estate activity has been affected by the credit crunch, job losses and weak consumer spending, the decline appears to be slowing.

Wed, 19 Aug 2009 11:41:11 -0400

Did You Know: Luxury Home Buyers and The Search Process

Did you know buyers who purchase luxury homes look for longer and at more homes?

Wed, 19 Aug 2009 11:40:15 -0400

Quick Take: MBA Weekly Index

Interest rates continue to be at levels that will support a recovery in the existing home sales markets nationwide.

Tue, 18 Aug 2009 11:38:11 -0400

Did You Know: Homeownership by Income

Did you know that in the second quarter of 2009 homeownership rates, among households with income greater or equal to the median income, dropped more than for those with less than median income?

Tue, 18 Aug 2009 11:36:57 -0400

Economists' Commentary: International Property Markets

Like the United States, many world markets have seen increases in their property values and experienced a housing bubble and a subsequent bust in the past half a decade.

Tue, 18 Aug 2009 11:36:07 -0400

Quick Take: Housing Starts and Producer Price Index

Overall, low inflationary pressure should mean continuing low mortgage rates, at least through the year's end.

Mon, 17 Aug 2009 11:31:58 -0400

Did You Know: Homeownership by Race

Did you know that in the second quarter of 2009 homeownership rates dropped among all races?

Mon, 17 Aug 2009 11:31:58 -0400

Economists' Commentary: Months Supply - What's in a Number?

Months supply is one of the most insightful statistics used to describe the housing market. It gives a concise assessment of a market’s condition as of that point in time. What is the current supply figure telling us?

Mon, 17 Aug 2009 11:31:57 -0400

Quick Take: Housing Market Index (HMI)

The increased optimism by home builders is positive news for the economy as it tries to rebound from this deep recession.

Fri, 14 Aug 2009 14:03:32 -0400

Did You Know: Who is Buying Homes More Than $500,000

Did you know that 19% of people who bought homes that were more than $500,000 were first-time buyers?

Fri, 14 Aug 2009 14:03:31 -0400

Quick Take: Consumer Price Index, Consumer Sentiment, Industrial Production

Consumers are still facing challenges of large job losses, weak income growth, falling home prices, and rising energy costs.

Thu, 13 Aug 2009 14:26:31 -0400

Economists' Commentary: Greening Homes

Energy efficiency in the housing market is of growing interest to REALTORS® and consumers.

Tue, 11 Aug 2009 13:51:50 -0400

Did You Know: Method Used To Find Real Estate Agent

Did you know that 38% of sellers were referred to their real estate agent by a friend, neighbor, or relative?

Tue, 11 Aug 2009 13:51:50 -0400

Economists' Commentary: Market Outlook for August

The recovery in the housing market will lay the foundation for a sustainable economic recovery.

Mon, 10 Aug 2009 13:48:01 -0400

Economists' Commentary: Census Non-employer and NAR Membership Data

Being self-employed presents unique challenges to REALTORS®, for instance access to affordable health insurance and potentially volatile earnings.

Mon, 10 Aug 2009 13:48:01 -0400

Quick Take: 10-Year Treasury, Oil Prices, Commercial Real Estate

Commercial real estate continues to struggle with mortgage debt refinancing. Extending TALF’s availability for CMBS purchases would provide a measure of relief.

Fri, 10 Aug 2007 13:47:59 -0400

Did You Know: Making Compromises When Buying A Home

Did you know that 19% of recent buyers made some compromises or lowered their expectations about the price of the home they purchased?

Thu, 6 Aug 2009 13:45:38 -0400

Quick Take: Unemployment Claims, Fannie & Freddie Restructuring

Mortgage rates will naturally fluctuate but should remain generally favorable because of an active secondary mortgage market.

Thu, 6 Aug 2009 13:36:49 -0400

Existing Home Sales: Market Remains Bifurcated

According to the Realtors® Confidence Index, distressed home sales have made up a smaller percentage of total sales in recent months.

Wed, 5 Aug 2009 13:36:09 -0400

Quick Take: Purchase Apps, Employment Report, ISM Index, Short Sales and Factory Orders

Sizable job cuts suggest that Friday’s unemployment readings may reach up to 9.9 percent.

Wed, 5 Aug 2009 13:35:16 -0400

Did You Know: How FSBO Sellers Will Sell Their Current Home

Did you know that thirty-eight percent of FSBO sellers who knew their buyer say that they would use a real estate agent to sell their current home?

Tue, 4 Aug 2009 15:13:17 -0400

Quick Take: Pending Home Sales, Income and Savings

Although the upturn in housing looks sustainable, the housing market is still far from being back to normal.

Tue, 4 Aug 2009 15:12:23 -0400

New Economic Data: Uptrend Continues in Pending Home Sales

Pending home sales are up for the fifth consecutive month, the first time in six years for such a streak, according to the National Association of Realtors®.

Mon, 3 Aug 2009 15:11:19 -0400

Did You Know: Importance of Environmentally Friendly Home Features

Did you know that forty-three percent of recent buyers considered a home’s heating and cooling costs very important?

Mon, 3 Aug 2009 15:09:40 -0400

Economists' Commentary: Commercial Investment Trends: Industrial

Although some businesses are considering production increase, it is likely that the industrial sector will remain relatively weak through 2009.

Mon, 3 Aug 2009 15:09:39 -0400

Quick Take: ISM Manufacturing, Construction Spending

Although the manufacturing sector is still shrinking, there are signs that manufacturing growth may be in store in the months ahead.

Thu, 30 Jul 2009 16:01:12 -0400

Economists' Commentary: Research's Member Spotlight

NAR Research spotlights a member who has used our data to better serve clients and share knowledge with other Realtors®: this month, Maria Wells.

Thu, 30 Jul 2009 16:00:33 -0400

Did You Know: London Market Boosted by International Buyers

A weak pound has led to a massive increase in overseas buyers who are buying largely in central London.

Thu, 30 Jul 2009 15:59:45 -0400

Quick Take: Unemployment Insurance Claims, The Beige Book

The economic decline seems to be slowing, and a few regions show signs of possible stabilization.

Tue, 28 Jul 2009 16:58:33 -0400

Did You Know: Distance of Move to New Residence

Did you know that the typical homebuyer moved 15 miles from his or her previous residence?

Tue, 28 Jul 2009 16:30:19 -0400

Quick Take: Case-Shiller Index, Consumer Confidence

As the fall in housing prices slows, buyers who have been waiting for the right time may finally jump back into the market en masse.

Tue, 28 Jul 2009 16:29:29 -0400

Economists' Commentary: Regional Round Up, Part 2

After nearly a decade-long housing boom, it took almost a year and a half for the pricing power to shift from sellers to buyers.

Mon, 27 Jul 2009 13:44:25 -0400

Economists' Commentary: Regional Round Up, Part 1

Foreclosures are having a substantial impact in some markets, while unemployment is the primary concern in other locations.

Mon, 27 Jul 2009 13:42:43 -0400

Did You Know: State Fiscal Conditions

Did you know that according to the Center on Budget and Policy Priorities, 47 states face shortfalls in fiscal year 2009 or 2010?

Fri, 24 Jul 2009 13:41:44 -0400

Quick Take: Consumer Sentiment and Jobless Claims

Consumer sentiment remains weak as people across the country are worried about job and income prospects

Fri, 24 Jul 2009 13:39:55 -0400

Did You Know: Homeowner Vacancy Rate

In 2008 the U.S. the homeowner vacancy rate was 2.8 percent, up from 1.6 percent in 2000.

Thu, 23 Jul 2009 13:38:17 -0400

Did You Know: Home Ownership Rate by State

Did you know that the U.S. homeownership rate of 67.8 in 2008 is down from 69 percent in 2004, but up from 67.4 in 2000.

Thu, 23 Jul 2009 13:36:48 -0400

Economists' Commentary: June Existing Home Sales

After four difficult years of a housing recession, the market is clearly healing.

Wed, 22 Jul 2009 13:35:53 -0400

Did You Know: Gross Household Income of REALTORS®

The median gross household income for members in 2008 was $91,500.

Wed, 22 Jul 2009 13:35:20 -0400

Quick Take: Weekly Mortgage Applications and FHFA Index

The mortgage applications (for purchase) index is still a trickle compared to just a year ago.

Tue, 21 Jul 2009 13:33:35 -0400

Did You Know: Tenure at Firm

Did you know that the typical REALTOR® has been at his/her firm for five years?

Tue, 21 Jul 2009 13:31:10 -0400

Quick Take: The Fed's Independence

Mortgage rates are no longer at the rock-bottom rates of less than 5 percent. However, mortgages rates are still well under 6 percent - which can still be considered as being near 50 year lows.

Mon, 20 Jul 2009 13:48:08 -0400

Economists' Commentary: Commercial Investment Trends--Retail Sector Struggles with Growing Distressed Sales

Consumer spending continues to decline, as rising unemployment and a prolonged recession force consumers to cut back. Against this backdrop, demand for retail space has been contracting.

Mon, 20 Jul 2009 13:50:24 -0400

Did You Know: Sales Price and Urgency

Did you know that the typical home seller sold their home for 96 percent of the listed selling price?

Fri, 17 Jul 2009 13:27:26 -0400

Quick Take: Housing Starts and Bank Profits

While the number of jobs counted in jobless claims is lower, it does not tell the full story. Those who have stopped receiving benefits are no longer counted.

Fri, 17 Jul 2009 16:12:59 -0400

Economists' Commentary: Finance 101--Compounding, Interest, and the Housing Market, Part 2

Home buyers who finance their purchase with a mortgage have options on how to pay the interest and principle borrowed that impacts how much they pay monthly, whether that payment changes, and how long it will take to pay off the mortgage.

Thu, 16 Jul 2009 16:13:00 -0400

Did You Know: Buying a Home is a Good Financial Decision

Did you know Americans in their prime home buying years (ages 25 to 44) are more confident than any other age group that buying a home is a good decision?

Thu, 16 Jul 2009 16:11:44 -0400

Economists' Commentary: Finance 101--Compounding, Interest, and the Housing Market, PT 1

The effects of compounding interest can lead a consumer to undersave and underborrow.

Wed, 15 Jul 2009 16:07:56 -0400

Did You Know: Compensation Structure for REALTORS®

Did you know that the dominant method by which REALTORS® are compensated is by percentage split commission?

Wed, 15 Jul 2009 16:03:44 -0400

Quick Take: CPI, Mortgage Applications, Industrial Production

The decline in the purchase index for mortgage applications is negative news; however, the lower rates and increase in refinances should be good overall for the housing market.

Mon, 13 Jul 2009 16:03:45 -0400

Quick Take: 10-Year Treasury Yields and Mortgage Rates

Market timing for the cheapest mortgage rate will be tricky.

Mon, 13 Jul 2009 16:03:44 -0400

Did You Know: Buying a Home Through an Agent

Eighty-one percent of recent home buyers purchased a home through a real estate agent or broker in 2008.

Mon, 13 Jul 2009 15:56:13 -0400

Economists' Commentary: Changing Local Markets

NAR Research has released new Market Price Reports, which cover sales, price and affordability information for more than 150 markets.

Fri, 10 Jul 2009 15:56:12 -0400

Quick Take: International Trade, Imports and Exports, Consumer Sentiment

In contrast to the positive trade news, consumer confidence is continuing to deteriorate with the sentiment index falling more than 6 points to 64.6 for middle of July.

Fri, 10 Jul 2009 15:56:12 -0400

Did You Know: Level of Service Desired

More than four out of five sellers chose an agent who provided a broad range of services and managed most aspects of the sale.

Thu, 9 Jul 2009 09:58:24 -0400

Quick Take: Unemployment Claims

The increase in continuing claims suggests that the labor market is very slack and that businesses are reluctant to hire new employees.

Thu, 9 Jul 2009 09:57:27 -0400

Did You Know: Realtors® Language Fluency and Country of Birth

Did you know that nine percent of REALTORS® were born outside the United States?

Thu, 9 Jul 2009 09:56:24 -0400

Economists' Commentary: The Next Middle Class

Imagine the prospect of 30 to 50 million more people with disposable income and spending potential.

Wed, 8 Jul 2009 15:05:08 -0400

Did You Know: City Expansion

Did you know that the growth rates of the biggest U.S. cities have increased as unemployment and the real-estate slump have slowed migration to the suburbs?

Wed, 8 Jul 2009 15:05:07 -0400

Economists' Commentary: First-Time Home Buyer Tax Credit Resources

NAR offers a wealth of information to help everyone make sense of the tax credit.

Tue, 7 Jul 2009 14:58:16 -0400

Did You Know: Repeat Business and Referrals

Did you know that the average REALTOR ® earned 18 percent of his/her business from past clients and customers?

Tue, 7 Jul 2009 14:58:16 -0400

Economists' Commentary: Multi-Family Demand Increases in Second Quarter

The delinquency and foreclosure rates for residential loans continue to register increases.

Mon, 6 Jul 2009 14:45:16 -0400

Did You Know: Size of Home Purchased

The recent American Institute of Architects AIA Home Design Trends Survey shows a shift in buying trends towards small homes.

Mon, 6 Jul 2009 14:45:15 -0400

Quick Take: ISM Index, 10-Year Treasury

The lower 10-year treasury should mean that mortgage rates will remain in the mid-five percent range in the near term, which is historically fairly low.

Mon, 6 Jul 2009 14:45:14 -0400

Economists' Commentary: On Appraisals--The Impact of HVCC

A preliminary analysis indicates that the implementation of the Home Valuation Code of Conduct (HVCC) appears to be having adverse impacts on the housing markets.

Thu, 2 Jul 2009 12:00:31 -0400

Quick Take: The Job Market

The job market remains weak, but declines are occurring at a slower pace than in previous months.

Thu, 2 Jul 2009 11:59:41 -0400

Did You Know: Interest Rates and Mortgage Pay Off

Did you know that lower mortgage rates enable a borrower to pay off a greater share of the loan much faster?

Thu, 2 Jul 2009 11:53:47 -0400

Economists' Commentary: Going Back to Plain Vanilla Financing

A recent Wall Street Journal article suggests that the new consumer protection agency will bring a return to plain vanilla financial products.

Wed, 1 Jul 2009 11:50:27 -0400

Quick Take: PHS, Employment, Manufacturing, Construction Spending and Mortgage Applications

NAR’s pending home sales index increased for the fourth consecutive month, a hint that sales may have already reached bottom.

Wed, 1 Jul 2009 11:48:17 -0400

Did You Know: Interest Rates and Yearly Payments

Did you know that today's mortgage rates, which have been between 5 and 5.5 percent, are generationally low.

Tue, 30 Jun 2009 11:44:59 -0400

Did You Know: FSBO and Agent-Assisted Sales Price

Did you know that all sellers in the Home Buyer and Seller survey reported a median sales price of $204,900?

Tue, 30 Jun 2009 11:43:42 -0400

Economists' Commentary: Second Quarter Retail Demand Declines

The retail sector is trying to regain its footing due to the low level of consumer spending.

Mon, 29 Jun 2009 11:37:59 -0400

Economists' Commentary: Office Demand Declines as Unemployment Rises

Accelerated by the financial crisis of 2008, employment in office-using sectors has been declining.

Fri, 26 Jun 2009 11:37:58 -0400

Did You Know: REALTORS® Staying in the Field

Did you know that 73 percent of REALTORS® reported they were very certain they would stay active in the field?

Fri, 26 Jun 2009 11:37:57 -0400

Quick Take: Personal Income/Consumption, Consumer Sentiment

This marks the fourth consecutive monthly increase in consumer sentiment.

Thu, 25 Jun 2009 14:17:02 -0500

Today's Quick Take

Today’s increase in jobless claims was unexpected as the pace in claims has been slowing.

Thu, 25 Jun 2009 14:13:50 -0500

Did You Know: High End Homes by State

Did you know Connecticut had the highest percentage of homes valued at over a million dollars?

Thu, 25 Jun 2009 14:13:09 -0500

Distressed Property: Below Market Prices in a Bifurcated Market

The existing home sales market is currently bifurcated between distressed and non-distressed sales.

Wed, 24 Jun 2009 13:59:34 -0500

Quick Take: Purchase Applications, Durable Goods Orders, New Home Sales

Overall, today’s economic news shows positive signs yet also indicates that the recovery will be slow.

Wed, 24 Jun 2009 13:58:19 -0500

Did You Know: Homebuyers and Social Media

Did you know half of recent buyers are on social networking sites?

Wed, 24 Jun 2009 13:56:35 -0500

Economists' Commentary: State Fiscal Conditions and Property Taxes: 2009

States and local governments spend and raise money in a variety of ways. Understanding how your state raises revenue will help you understand how it might be affected by the down turn.

Tue, 23 Jun 2009 12:49:39 -0400

Did You Know: Long Term Investment by Gender

Do you know how investors' views of long-term investment vary by gender?

Tue, 23 Jun 2009 12:49:39 -0400

New Economic Data: May Existing-Home Sales

Existing-home sales showed another gain in May, benefiting from favorable affordability conditions and a first-time buyer tax credit.

Mon, 22 Jun 2009 13:39:25 -0400

Quick Take: Credit Crunch Easing?

The credit market should not be considered back-to-normal until credit returns to all real estate loans.

Mon, 22 Jun 2009 13:39:24 -0400

Did You Know: Long Term Investment Trends

How do perceptions of stocks, bonds, savings and real-estate vary in terms of long-tern investment?

Fri, 19 Jun 2009 13:38:02 -0400

Did You Know: Different Residential Property Tax Rates

Property taxes are an important component of state and local government funding.

Fri, 19 Jun 2009 13:34:55 -0400

Quick Take: Appraisal Nightmare

The bottom line is that consumers today often pay more to order appraisals.

Fri, 19 Jun 2009 13:34:54 -0400

Economists' Commentary: Industrial Vacancy Rate Rises in Second Quarter

The industrial sector is facing mounting economic pressure, compounding a general decline in demand.

Thu, 18 Jun 2009 13:32:29 -0400

Did You Know: REALTOR® Business Expenses are Declining

The average total real estate business expenses are declining for all REALTORS®.

Thu, 18 Jun 2009 13:29:40 -0400

Quick Take: Weekly Unemployment Claims and Conference Board's Leading Indicator

Economic recovery may occur this year according to today’s data.

Thu, 18 Jun 2009 13:29:39 -0400

Economists' Commentary: The Realtors®' Confidence Index: Insight on Market Trends

The appraisal process has become a major problem, according to many respondents.

Wed, 17 Jun 2009 14:22:24 -0400

Did You Know: Age of First-Time Homebuyers

Did you know that home affordability is opening the market to younger buyers?

Tue, 16 Jun 2009 16:23:39 -0400

Quick Take: Housing Starts, Producer Prices, Industrial Productivity

Declines in the producer price index and the capacity utilization rate suggest that deflation, and not inflation, is the immediate threat to the economy.

Tue, 16 Jun 2009 16:22:21 -0400

Did You Know: Member Demographics

Did you know that as the housing market has changed so have NAR member demographics?

Mon, 15 Jun 2009 15:31:06 -0400

Quick Take: Housing Market Index

Mortgage rates have risen sharply the past few weeks, going from around 4.8 percent to almost 5.6 percent.

Mon, 15 Jun 2009 15:30:24 -0400

Did You Know: Different Residential Assessment Standard

Did you know that property taxes are an important component of state and local government funding?

Mon, 15 Jun 2009 15:29:25 -0400

Economists' Commentary: Is the Stimulus Bill Too Small?

The application of Okun’s law suggests that the current spending bill is having less of an impact than is desirable.

Fri, 12 Jun 2009 12:03:27 -0400

Did You Know: Home Improvement Projects

Did you know that the typical buyer spent $4,350 on home improvement projects within the first three months of their home purchase?

Fri, 12 Jun 2009 11:38:11 -0400

Quick Take: Mortgage Rates and Expanding Home Buyer Tax Incentives

It is vital for the Fed to not to lose sight of the importance of housing recovery.

Fri, 12 Jun 2009 11:34:48 -0400

Economists' Commentary: FHA Mortgages vs. Subprime Mortgages

Both FHA and subprime mortgages have rising incidences delinquencies, but there is a significant difference in the foreclosures rates between the two.

Thu, 11 Jun 2009 15:57:51 -0400

Quick Take: Retail Sales, Jobless Claims

Today’s news on better-than-expected jobless claims and growth in retail sales pushed stocks higher this morning.

Thu, 11 Jun 2009 15:57:24 -0400

Did You Know: Home Types Purchased

Did you know that eighty-two percent of home buyers reported purchasing a detached single-family home?

Wed, 10 Jun 2009 14:22:02 -0400

Economists' Commentary: June Market Forecast

Lawrence Yun gives insight on what we can expect from the economy in June and for the rest of 2009.

Wed, 10 Jun 2009 14:23:20 -0400

Did You Know: Location of Home Purchase

Did you know that the majority of buyers purchase homes located in suburban areas?

Wed, 10 Jun 2009 14:24:03 -0400

Quick Take: Trade Deficit, Mortgage Applications

The U.S. economy is currently in recession, and the export outlook does not appear to provide the stimulus it needs.

Tue, 9 Jun 2009 15:24:56 -0400

Quick Take: Wholesale Trade

Wholesale trade continues on a downward trend.

Tue, 9 Jun 2009 15:24:20 -0400

Did You Know: Most Desired Home Features

Did you know that the most desired home feature is central air conditioning?

Mon, 8 Jun 2009 15:01:53 -0400

Quick Take: Rising Mortgage Rates, Future Federal Reserve Chairman

Mortgage rates are almost certain to be higher this time next year, but the path is never a smooth line.

Mon, 8 Jun 2009 14:49:20 -0400

Did You Know: Commercial Real Estate Market Survey

Did you know that in April, 43.79 percent of Commercial Realtors® reported financing as their market’s greatest challenge?

Fri, 5 Jun 2009 15:26:42 -0400

Quick Take: Employment Report

The pace of job losses was nearly cut in half in May in comparison to the prior six months of job losses.

Fri, 5 Jun 2009 15:26:41 -0400

Did You Know: REALTORS® and Websites

Did you know that 60% of all REALTORS® reported having a Web site?

Thu, 4 Jun 2009 11:04:39 -0400

Did You Know: Magnet v. Sticky States

Did you know that Nevada is the top "magnet" state, while Texas is the top "sticky" state?

Wed, 3 Jun 2009 11:35:05 -0400

Did You Know: Demographics of Realtors®: Homeownership

Did you know that most members own their primary residence?

Wed, 3 Jun 2009 11:15:46 -0400

Quick Take: Mortgage Refinance Applications

Higher interest rates and a smaller pool of potential owners to refinance have precipitated a decline in refinancing activity.

Tue, 2 Jun 2009 16:48:40 -0400

Did You Know: Affiliate Memberships

Did you know that a quarter of REALTORS® have an affiliate membership?

Mon, 1 Jun 2009 16:49:44 -0400

Quick Take: World Stock Market Upturn, Income and Consumption, ISM Index

Slow yet positive economic growth can be expected in the second half of this year. The growth will likely maintain its momentum going into 2010.

Tue, 2 Jun 2009 16:49:43 -0400

New Economic Data: Pending Home Sales Rise

Bolstered by record low mortgage interest rates and the first-time buyer tax credit, pending home sales rise for the third consecutive month.

Mon, 1 Jun 2009 16:48:39 -0400

Did You Know: Net Regional Migration

The largest net regional migration is between Northeast and South.

Thu, 28 May 2009 15:23:09 -0400

Quick Take: Weekly Unemployment Claims, Durable Goods, and New Home Sales

April’s rebound of durable goods may be an indication that the overall economy is on the way to stabilization

Thu, 28 May 2009 15:19:16 -0400

Did You Know: Prior Careers of Realtors®

Did you know that of REALTORS® who held jobs in fields other than real estate, 19 percent were in business, management or finance?

Thu, 28 May 2009 15:19:16 -0400

Economists' Commentary: Distressed Real Estate--Prices Narrow in Bifurcated Market

In March ’09 distressed property sold at a discount of 20 percent to market, declining in April ’09 to a 9 percent discount relative to market.

Wed, 27 May 2009 15:19:15 -0400

Economists' Commentary: Existing-Home Sales in April

Existing home sales rose 2.9 percent in April. Lawrence Yun discusses the EHS numbers in depth.

Wed, 27 May 2009 15:24:00 -0400

New Economic Data: Existing-Home Sales Rise in April

Existing-home sales rose in April with strong buyer activity in lower price ranges.

Tue, 26 May 2009 16:32:14 -0400

Did You Know: Demographics of Realtors®: Age

Did you know that the median age of REALTORS® is 54-years-old?

Tue, 26 May 2009 16:31:16 -0400

Quick Take: Case-Shiller Index, Consumer Confidence

Consumers seem to be more optimistic about the economy and job prospects, while still postponing big-ticket purchases.

Fri, 22 May 2009 14:38:47 -0400

Jumbo Loans: Spotlight on Realtors®' Survey

The higher mortgage rates are taking a toll on the market for jumbo homes.

Fri, 22 May 2009 14:30:35 -0400

Did You Know: Demographics of Realtors®: Gender

Did you know that sixty percent of Realtors® are female?

Fri, 22 May 2009 14:32:59 -0400

Quick Take: UK Ratings, US Debt & Bond Yields

A high deficit and unsustainable debt growth will harm the economy over the long haul.

Thu, 21 May 2009 14:29:57 -0400

Did You Know: Real Estate Investments of Realtors®

Did you know that 40 percent of Realtors® noted that they owned other residential properties for investment?

Thu, 21 May 2009 14:25:23 -0400

Quick Take: Jobless Claims and Mortgage Rates

Low mortgages rates should induce buyers into the market, but economic questions continue to dog consumer confidence.

Thu, 21 May 2009 14:25:23 -0400

Economists' Commentary: Realtors® Confidence Index: Insight on Market Trends

The RCI provides monthly information gathered from Realtors® concerning the existing home sales outlook measuring current and future housing activity.

Wed, 20 May 2009 14:38:41 -0400

Did You Know: Realtors and Web Presence

Did you know that in 2008 three-fifths of all REALTORS® reported having a Web site?

Wed, 20 May 2009 14:15:39 -0400

Economists' Commentary: Commercial Leading Indicator

The preliminary value of NAR’s CLI declined sharply, suggesting rough waters ahead for the commercial real estate business.

Wed, 20 May 2009 14:17:42 -0400

New Economic Data: Commercial Leading Indicator

The general economic downturn, complicated by a severe credit crunch in commercial real estate, is dampening commercial real estate activity.

Tue, 19 May 2009 15:54:08 -0400

Quick Take: Housing Starts

A credit targeted only for new home buyers does not help to absorb the high level of existing-home inventory.

Tue, 19 May 2009 15:51:36 -0400

Did You Know: Use of Technology

Did you know that technologies gaining popularity among Realtors® include smart phones, Instant Messaging, and GPS?

Mon, 18 May 2009 15:49:28 -0400

Quick Take: Home Market Index

We can expect muted growth in new homes as the inventory of existing homes still remains relatively high, and liquidity in this market is scarce.

Fri, 15 May 2009 15:01:50 -0500

Quick Take: CPI, PPI, Consumer Sentiment, Jobless Claims, and Industrial Production

Consumers are more optimistic, especially about the future. This is good news for REALTORS®.

Wed, 13 May 2009 15:02:17 -0500

Quick Take: Purchase Applications, Retail Sales, Import/Export

Although the mortgage rates are at historic lows, purchase applications have not shown significant improvements.

Tue, 12 May 2009 14:11:13 -0500

Quick Take: Trade Deficit, Larger Budget Deficit

In coming months we should expect rising trade deficits to coincide with record budget deficits, commonly referred to as the 'twin deficits'.

Mon, 11 May 2009 14:22:10 -0400

Did You Know: Types of Home Improvement

Did you know that the remodeling priorities were similar among first-time buyers, repeat buyers, and those who purchased previously owned residences?

Mon, 11 May 2009 14:20:52 -0400

Quick Take: Mortgage Rates, Oil Prices

If oil prices rise to $70 or $80 per barrel, then mortgage rates could also rise.

Mon, 11 May 2009 14:16:12 -0400

Economists' Commentary: Commercial Real Estate Faces Threat from CMBS Delinquencies

Adding to a difficult situation, commercial real estate is facing another threat--rising Commercial Mortgage Backed Securities (CMBS) delinquencies.

Thu, 7 May 2009 14:39:58 -0400

Did You Know: Amount Spent on Home Improvement

Did you know that the typical buyer spends $4,350 on home improvement projects within the first three months of purchasing a home?

Thu, 7 May 2009 14:38:46 -0400

Quick Take: Jobless Claims, Productivity, 10-Year Treasury

The decrease in the weekly jobless claims could point to a slowing of the decline.

Wed, 6 May 2009 14:36:03 -0400

Did You Know: Home Improvement Projects

Did you know that 59 percent of home buyers took on home improvement projects within three months of purchasing their home?

Wed, 6 May 2009 14:34:57 -0400

Quick Take: Weekly Mortgage Applications, ADP Employment Report

Low mortgage rates and improved confidence should help sales in the second half of 2009.

Wed, 6 May 2009 14:30:20 -0400

Economists' Commentary: Bank Stress-Tests

In February, the government began an evaluation of all domestic bank holding companies commonly referred to as a "stress test."

Tue, 5 May 2009 14:29:34 -0400

Did You Know: Business Generated from Web Site

Did you know that REALTORS® web site spending is correlated with both the number of online inquiries received and the percentage of business generated via the web site?

Tue, 5 May 2009 14:11:33 -0400

Quick Take: ISM Index

NAR predicts positive economic activity growth beginning in the third quarter of this year.

Mon, 4 May 2009 11:29:13 -0400

New Economic Data: March Pending Home Sales

Pending home sales rose with many first-time buyers taking advantage of historically good housing affordability conditions, according to the National Association of Realtors®.

Fri, 1 May 2009 12:29:36 -0400

Did You Know: Research is on Facebook?

Did you know that as of April 2009, Facebook has more than 200 million users? Now Research joins the social media trend.

Fri, 1 May 2009 12:28:16 -0400

Quick Take: Commercial Mortgages, Sticky Property Tax, 10-Year Treasury, Manufacturing

More loans will become available for commercial real estate but residential mortgage rates could be creeping higher.

Thu, 30 Apr 2009 08:58:05 -0400

Did You Know: Commercial Real Estate Market Survey

Did you know that in February, 2009, the most pressing challenge Commercial members reported facing was financing?

Thu, 30 Apr 2009 08:56:56 -0400

Quick Take: Personal Income and Consumption, Weekly Jobless Claims

Consumers have adapted to a weak job market by cutting back spending and increasing savings.

Wed, 29 Apr 2009 12:52:40 -0400

Quick Take: GDP, Weekly Mortgage Applications

Dropping mortgage rates reflect the slow residential housing markets; however, the good news is that interest rates remain low.

Wed, 29 Apr 2009 12:50:54 -0400

Economists' Commentary: Online Social Networking and Realtors®

As this medium of communication and information sharing grows, more Realtors® are getting involved and finding new uses for these tools.

Tue, 28 Apr 2009 12:56:41 -0400

Quick Take: The Case/Shiller Price Index, Consumer Confidence

The latest updates on the Case/Shiller Price Index and consumer confidence figures, including information on the California and Nevada markets.

Tue, 28 Apr 2009 12:55:59 -0400

Did You Know: Inflation Over Time

Did you know that core inflation has been remarkably stable for the last 20-30 years?

Mon, 27 Apr 2009 15:39:57 -0400

Quick Take: Monetary Exit Strategy

Inflation is nowhere in sight, but could easily pop up in a year or two.

Mon, 27 Apr 2009 15:39:57 -0400

Did You Know: Prior Career of Realtors

Did you know that, most often, a Realtor's previous career was the business or management fields?

Fri, 24 Apr 2009 15:57:51 -0400

Quick Take: Durable Goods, New Home Sales, Home Price Dispute

A decline in durable goods orders is not good news for the economy, but a slowing in the rate of decline is a positive sign.

Fri, 24 Apr 2009 14:07:35 -0400

Did You Know: Americans Who Moved in 2008

Did you know that the number of Americans who moved declined in 2008 to 35.2 million?

Thu, 23 Apr 2009 14:11:07 -0400

Economists' Commentary: March Existing-Home Sales Examined

Existing home sales fell in March, but the data still points towards stabilization.

Thu, 23 Apr 2009 16:12:08 -0400

New Economic Data: March Existing-Home Sales Decline; First-Time Buyers Rise

Existing-home sales declined 3.0 percent, but first-time buyers are responding to low mortgage interest rates and tax credits.
View the data>

Thu, 23 Apr 2009 14:11:55 -0400

Did You Know: CPI and Inflation

Did you know that core inflation has historically remained in the 1 to 3 percent range?

Wed, 22 Apr 2009 14:16:14 -0400

Quick Take: Weekly Mortgage Rates

Despite the Easter holiday, trend housing demand remains surprisingly tepid given all of the financial incentives to buy in the current market.

Tue, 21 Apr 2009 11:40:34 -0400

Did You Know: Compromise

Did you know that 19 percent of recent buyers made some compromises or lowered their expectations about the price of the home they purchased?

Tue, 21 Apr 2009 11:39:39 -0400

Quick Take: Short-Sale Lender Approval, Deflation Threat & the Dollar, $100 Million Savings

Though not perfect, a little relief is on the way in speeding up the short-sales process.

Mon, 20 Apr 2009 16:48:49 -0400

Did You Know: Expected Tenure in Home

Among recent buyers, the median expected tenure is ten years, although a large number do not know how long they plan to stay in the home they purchased.

Mon, 20 Apr 2009 16:40:48 -0400

Quick Take: Conference Board Leading Indicators

Economic recovery is not around the corner, according to today’s data. Any meaningful recovery will occur in the fourth quarter at the earliest.

Thu, 16 Apr 2009 15:53:46 -0400

Did You Know: Interactive Median Home Price Map

Did you know that you can find out the median home price, the percent change from last quarter, and the average commute time for your area, using NAR's interactive maps?

Wed, 15 Apr 2009 15:51:06 -0400

Did You Know: House Price Indices

Did you know that there are four major home price indexes that market participants follow? Do you know what they are?

Wed, 15 Apr 2009 15:51:00 -0400

Quick Take: Purchase Applications, the CPI, Industrial Production and the Housing Market Index

Low prices are good for consumers who can also benefit from Fed’s attempt to unlock credit markets and perk up growth.

Tue, 14 Apr 2009 15:44:25 -0400

Did You Know: Hours Worked Per Week

Did you know that sixty percent of REALTORS® worked at least 40 hours a week, and 15 percent worked 60 hours or more?

Tue, 14 Apr 2009 15:44:24 -0400

Quick Take: PPI, Retail Sales, and Bank Profits

Based on recent bank earnings releases, the consumer credit market appears to be improving.

Mon, 13 Apr 2009 12:52:56 -0400

Did You Know: Firm Affiliations for Realtors®

Did you know that four out of five appraisers are affiliated with an independent non-franchised firm?

Fri, 10 Apr 2009 14:50:02 -0400

Did You Know: Where Home Buyers Found Their Homes

Did you know that 34 percent of recent buyers found the home they purchased through their real estate agent in 2008?

Thu, 9 Apr 2009 14:45:48 -0400

Economists' Commentary: Wealth Gain for Homeowners

Homeowners store wealth in a variety of places, but chief among the options is their primary residence.

Thu, 9 Apr 2009 14:45:48 -0400

Quick Take: Jobless Claims, Mortgage Rates, and International Trade

The economic news out today shows a glimmer of hope that we might now be approaching a bottom of this recession.

Thu, 9 Apr 2009 14:45:31 -0400

Did You Know: First Step in the Home Buying Process

Given the convenience of the internet, it is not surprising that one-third of buyers first searched for properties online.

Wed, 8 Apr 2009 10:29:07 -0400

Did You Know: Most Difficult Task for a FSBO Seller

Did you know that two-thirds of FSBO sellers found some aspect of the home sale to be difficult?

Wed, 8 Apr 2009 10:27:54 -0400

Economists' Commentary: Commercial Real Estate--Multi-Family Investment

The multi-family sector, while more resilient, is feeling the effects of the economic recession.

Tue, 7 Apr 2009 10:26:55 -0400

Quick Take: Consumer Credit

Consumer credit outstanding in February 2009 is 2.56 trillion, down from 2.58 trillion in July 2008.

Tue, 7 Apr 2009 10:25:45 -0400

Did You Know: Aging Populations

Did you know that the group of metro areas gaining the most baby boomers are not typically associated with aging populations?

Mon, 6 Apr 2009 10:24:48 -0400

Quick Take: Long Term Interest Rates and Re-Defaulting Mortgages

The key to housing stabilization is whether or not there are sufficient buyers of foreclosed homes.

Mon, 6 Apr 2009 10:23:10 -0400

Economists' Commentary: Fuzzy Housing Inventory

There is a lot of fuzziness in what exactly constitutes excess housing inventory. Lawrence Yun clarifies.

Fri, 3 Apr 2009 10:21:42 -0400

Economists' Commentary: Affordability - Big Improvement in Most Markets

Affordability has been a major concern as home prices in some markets more than doubled earlier in the decade.

Fri, 3 Apr 2009 10:18:30 -0400

Quick Take: Employment Report and the ISM Non-Manufacturing Index

Despite the negative job market report, the lower mortgage rates can trump the impact of job cuts on home sales.

Fri, 3 Apr 2009 10:17:02 -0400

Did You Know: Immigrant Destinations

Did you know that metropolitan areas in the South in general are among the fastest growing immigrant destinations?

Thu, 2 Apr 2009 10:04:05 -0400

Quick Take: Weekly Unemployment Insurance and Mark-to-Market

Relaxing "mark-to-market" accounting rules is good news for the mortgage backed securities market.

Thu, 2 Apr 2009 10:03:18 -0400

Did You Know: Shift in Growth Patterns

Did you know that Americans have one of the highest rates of within-country movement in the industrialized world?

Wed, 1 Apr 2009 10:02:46 -0400

Did You Know: Timing the Home Purchase

Did you know that fourteen percent of buyers were prompted to purchase a home when they did based on improved affordability?

Wed, 1 Apr 2009 10:00:17 -0400

Quick Take: Mortgage Applications, ISM Index, Pending Home Sales

Although record-low mortgage rates have not significantly jump-started the home buying activity, they have certainly tripped a surge in refinancing.

Tue, 31 Mar 2009 09:59:30 -0400

Did You Know: Median Age of REALTORS®

Did you know that over time, the median age has remained relatively constant at 51 or 52?

Tue, 31 Mar 2009 09:58:58 -0400

Quick Take: Case/Shiller Price Index, Consumer Confidence

The low level of consumer confidence continues to be a drag on the housing market.

Tue, 31 Mar 2009 09:44:17 -0400

Economists' Commentary: The Second Home Market in 2008

To assess the state of the vacation and investment buyers market in 2008, NAR Research recently released the latest survey of second-home buyers.

Mon, 30 Mar 2009 09:44:16 -0400

Quick Take: Mortgage Rates, Second Home Activity

The mortgage rates have fallen below 5 percent to their lowest point in roughly 50 years.

Mon, 30 Mar 2009 09:43:07 -0400

Did You Know: Vacation and Investment Property Sales

Did you know that in 2008, Vacation home sales fell 30.8 percent?

Fri, 27 Mar 2009 09:42:15 -0400

Economists' Commentary: How Home Sales Stimulate the Economy

The National Association of Realtors® estimates that each home sale at the median generates $63,101 of economic impact (2008)

Fri, 27 Mar 2009 09:40:47 -0400

Did You Know: Commercial Real Estate Outlook

Did you know that the retail sector is in contraction, fueled by the recession, mounting job losses and a sharp drop in consumer spending?

Thu, 26 Mar 2009 13:10:49 -0400

Quick Take: First-Time Unemployment Insurance Claims and Gross Domestic Product

For the week ending March 21, the Labor Department has reported that first-time claims for unemployment insurance rose by 8,000 from the previous week's revised figure of 644,000.

Wed, 25 Mar 2009 16:34:05 -0400

Did You Know: 'Green' Features

With rising energy costs home buyers are increasingly aware of energy efficiency and other environmentally friendly features of homes.

Wed, 25 Mar 2009 16:32:24 -0400

Quick Take: Mortgage Applications, New Home Sales, Advanced Manufacturers' Report

Mortgage applications registered a jump during this past week, but it was mostly pushed by refinancing activity.

Wed, 25 Mar 2009 16:20:33 -0400

Economists' Commentary: Commercial Real Estate--Multi-Family

The multi-family sector is displaying softening, but positive fundamentals

Tue, 24 Mar 2009 16:42:37 -0400

Quick Take: Federal Housing Finance Agency (FHFA) House Price Index

Housing prices as measured by the FHFA house price index rose 1.7 percent from December to January.

Tue, 24 Mar 2009 16:39:11 -0400

Did You Know: What Sellers Want Most

Did you know that sellers indicated that what they wanted most from their agent was help pricing their home competitively?

Mon, 23 Mar 2009 14:32:05 -0400

Economists' Commentary: On February Existing-Home Sales

Today's data of rising sales are likely to stand, though it is more susceptible to bigger revisions due to winter months.

Fri, 20 Mar 2009 13:37:18 -0400

Did You Know: Where The High-Income Tax Payers Are

The share of returns at or over $200,000 ranges from 1.5 percent or less in Mississippi and West Virginia to greater than 5 percent in Washington, DC and Connecticut.

Thu, 19 Mar 2009 13:36:29 -0400

Did You Know: Consumption and Income in the US

The relationship between income and consumption is more variable than that between wealth and consumption, but has averaged around 90 percent.

Thu, 19 Mar 2009 13:35:50 -0400

Quick Take: Unemployment and the Conference Board Index

Federal efforts to stabilize the housing market will hopefully offset some of the deleterious effects of rising unemployment and reduced consumer demand.

Thu, 19 Mar 2009 13:32:31 -0400

Economists' Commentary: Commercial Real Estate: Retail Investment

The retail sector is in contraction, fueled by the recession, mounting job losses and a sharp drop in consumer spending.

Wed, 18 Mar 2009 13:31:28 -0400

Quick Take: Mortgage Applications, CPI, and the FOMC Meeting

Low inflation or even deflation is the risk the Fed sees for the economy and the CPI numbers support that.

Wed, 18 Mar 2009 13:30:23 -0400

Did You Know: How Much Mortgage Interest Tax Filers Deduct

Did you know that more than $480 billion in mortgage interest was deducted from 2006 tax returns in the US?

Wed, 18 Mar 2009 13:28:11 -0400

Economists' Commentary: Commercial Real Estate: Retail Fundamentals

Consumer spending, the main driver of the economy over the past years, is in decline.

Tue, 17 Mar 2009 13:26:58 -0400

Quick Take: Housing Starts, Building Permits and the Producer Price Index

Today's Quick Take examines the latest housing starts and building permits data as well as the new PPI release.

Tue, 17 Mar 2009 13:25:50 -0400

Did You Know: Personal Consumption vs. Net Worth

Did you know that changes in net worth generally dwarf consumption related changes?

Tue, 17 Mar 2009 13:20:46 -0400

Economists' Commentary: Commercial Real Estate: Industrial Investment

Lack of consumer demand and diminished international trade is driving down industrial investments.

Mon, 16 Mar 2009 15:46:54 -0400

Quick Take: Homebuilder Sentiment and Zero Down Payment Loans

Lawrence Yun examines homebuilder sentiment and zero down payment loan options.

Mon, 16 Mar 2009 15:45:32 -0400

Did You Know: REALTOR® Referrals

Did you know that experienced REALTORS® business originates mostly from referrals?

Thu, 12 Mar 2009 15:30:53 -0400

Quick Take: Unemployment Insurance Claims and Retail Sales

It is not clear whether the retail sales figures mark a cessation in the downward trend of consumer spending, or are only a temporary development.

Thu, 12 Mar 2009 15:30:52 -0400

Did You Know: Home Buyer Financing

Did you know that ninety-three percent of home buyers reported that they financed their home purchase with a mortgage?

Wed, 11 Mar 2009 13:07:02 -0400

Did You Know: REALTORS® Home Ownership

Did you know that, compared with a national homeownership rate of approximately 68 percent, 92 percent of REALTORS® own their home?

Wed, 11 Mar 2009 13:05:19 -0400

Quick Take: Mortgage Applications

Mortgage rates moved down during this past week, with consumers seeking mortgage refinances.

Tue, 10 Mar 2009 14:58:14 -0400

Did You Know: REALTOR® Blogs

Did you know that nearly one in ten REALTORS® younger than 60 years of age has a blog?

Tue, 10 Mar 2009 14:56:18 -0400

Quick Take: Whole Sale Trade, Market-to-Market Accounting

Spotlight on wholesale trade and the needed step of relaxing mark-to-market accounting.

Mon, 9 Mar 2009 14:37:18 -0500

Quick Take: Spotlight on Oil Price, Mortgage Interest Deduction Tweak

Spotlight on oil prices and more on why the mortgage interest deduction tweak is a bad idea.

Mon, 9 Mar 2009 14:59:52 -0400

Economists' Commentary: Homes Sales-- A Bifurcated Market

Jed Smith, Managing Director, Quantitative Research, looks normal and distressed sales in the current housing market.

Mon, 9 Mar 2009 14:36:24 -0500

Did You Know: REALTOR® Education

Did you know that overall, the education among REALTORS® exceeds that of the general population?

Fri, 6 Mar 2009 14:00:38 -0500

Did You Know: Relocation Reports

Did you know that Research produces Relocation Reports for hundreds of counties, free to members?

Fri, 6 Mar 2009 13:58:59 -0500

Quick Take: Employment and Mortgage Interest Deduction

Spotlight on the grim employment situation and why the mortgage interest deduction tweak is a bad idea.

Fri, 6 Mar 2009 13:58:02 -0500

Economists' Commentary : Industrial Commercial Real Estate

Industrial real estate is experiencing a contraction.

Thu, 5 Mar 2009 13:57:05 -0500

Did You Know: RCI By Region

Did you know that Realtors®' Confidence Index was highest in the Northeast in January?

Thu, 5 Mar 2009 13:45:50 -0500

Economists' Commentary: Commercial Real Estate--Office Investment

Office investment was down 75 percent in 2008.

Thu, 5 Mar 2009 13:47:37 -0500

Quick Take: Productivity, Mortgage Rates, and Factory Orders

Spotlight on productivity, mortgage rates, and factory orders.

Wed, 4 Mar 2009 13:44:25 -0500

Did You Know: Spanish Speakers

Did you know that 12.3 percent of people in the US speak Spanish at home?

Wed, 4 Mar 2009 13:43:39 -0500

Quick Take: Mortgage applications, jobless claims, and the ISM non-manufacturing index.

Mortgage applications, jobless claims, and the ISM non-manufacturing index.

Wed, 4 Mar 2009 13:43:03 -0500

Economists' Commentary: Commercial Real Estate--Office Vacancies

The recession continues to take a toll on the commercial real estate sector, and the office market is feeling the pain.

Tue, 3 Mar 2009 13:42:08 -0500

Did You Know: Veteran Population

Did you know that in 2007, Alaska had the highest percentage of Veterans in its civilian population at 15.4 percent?

Tue, 3 Mar 2009 13:41:06 -0500

Economists' Commentary: Pending Home Sales in January

Lawrence Yun gives his insight on the latest Pending Home Sales Index numbers and what they mean.

Tue, 3 Mar 2009 14:50:49 -0400

New Research: Pending Home Sales January 2009

Pending home sales declined on the heels of a weakening economy and with some buyers waiting for clarity on housing stimulus provisions.

Mon, 2 Mar 2009 13:38:22 -0500

Quick Take: Stock Market, Economic Outlook, and ISM Index

The stock market, economic outlook, and the ISM index examined.

Mon, 2 Mar 2009 13:12:30 -0500

Did You Know: Environmental Concerns

Did you know that despite the dire state of the economy, 34 percent of American consumers are more likely to buy environmentally friendly products?

Fri, 27 Feb 2009 13:11:55 -0500

Did You Know: Realtors®' Confidence Index

Did you know that the Realtors® Confidence Index rose for the first time in eight months to 23.2?

Fri, 27 Feb 2009 13:10:57 -0500

Quick Take: Government Spending

Government spending has stepped into the void left by the private sector and will continue to do so for the foreseeable future.

Thu, 26 Feb 2009 13:10:00 -0500

Quick Take: Unemployment and Economic Conditions

Unemployment continues to grow, as economic conditions worsen.

Thu, 26 Feb 2009 13:07:36 -0500

Did You Know: Hours Spent at Home

Did you know that the average person spends 7.3 hours at home on any given day?

Wed, 25 Feb 2009 13:06:13 -0500

Economists' Commentary: Existing-Home Sales January 2009

January sales were low, no doubt due to worsening economic conditions.

Wed, 25 Feb 2009 14:51:52 -0500

New Research: Existing-Home Sales January 2009

January Existing-Home Sales Fall, Inventory Down

Wed, 25 Feb 2009 13:04:55 -0500

Did You Know: Owner Occupancy

Did you know that 67.2 percent of occupied housing units are "owner-occupied" in the United States?

Tue, 24 Feb 2009 13:01:31 -0500

Did You Know: Time Spent at Home

Did you know that the average person spends half of any given day at home?

Tue, 24 Feb 2009 13:00:18 -0500

Quick Take: Consumer Confidence and the SP?Case Shiller Index

Spotlight on consumer confidence and the SP/Case-Shiller index.

Mon, 23 Feb 2009 12:56:58 -0500

Did You Know: Housing Costs

Did you know that according to the 2007 American Community Survey, owners are spending more than 30 percent of their income on monthly housing costs?

Mon, 23 Feb 2009 12:56:18 -0500

Economists' Commentary: Economic Stimulus and the Foreclosure Prevention Plan

On February 17, President Obama signed into law the American Recovery and Reinvestment Act of 2009. Find out what this will mean for REALTORS®.

Fri, 20 Feb 2009 12:55:06 -0500

Quick Take: Consumer Price Index, Producer Price Index and more. . .

Today's Quick Take looks a the Consumer Price Index, the Producer Price Index and Mortgage Rates.

Fri, 20 Feb 2009 12:53:35 -0500

Did You Know: Newest Homes

Did you know that according to the 2007 American Community Survey, 3.3 percent of the houses in the U.S. were build in 2005 or later?

Thu, 19 Feb 2009 14:50:22 -0500

New Research: Commercial Real Estate Forecast: February

Commercial Real Estate Activity Continuing To Decline

Thu, 19 Feb 2009 12:52:45 -0500

Did You Know: Rising Global Trade

Did you know that international trade activity has been rising much faster than overall economic activity since 1980?

Thu, 19 Feb 2009 11:00:15 -0500

Quick Take: Mortgage Modification Plan, Unemployment Claims, and more. . .

Today's Quick Take discusses the details in the mortgage modification plan, unemployment claims, and the CLI.

Mon, 9 Mar 2009 10:57:46 -0500

Did You Know: Distance of Moves

Did you know that overall, home buyers moved a median of 12 miles from their previous residence?

Wed, 18 Feb 2009 10:56:27 -0500

Quick Take: Mortgage Relief and Applications, and Housing Starts

Today's Quick Take discusses mortgage relief, mortgage applications, and housing starts.

Tue, 17 Feb 2009 10:52:41 -0500

Did You Know: Working From Home

Did you know that nearly one-third of multiple job holders worked from home on an average workday in 2007?

Fri, 13 Feb 2009 10:31:43 -0500

Did You Know: First Time Home Buyers

Did you know that first time buyers make up 41 percent of purchasers?

Thu, 12 Feb 2009 10:30:40 -0500

Economists' Commentary: Home Sellers Seeking Professional Representation Rising

Anna Barlett takes a 'behind the scenes' look at FSBO transactions - and why they can appear misleading.

Thu, 12 Feb 2009 14:46:16 -0500

New Research: Metro Area Home Prices

4th Quarter Metro Area Home Prices Down as Buyers Purchase Distressed Property

Thu, 12 Feb 2009 10:29:54 -0500

Quick Take: Unemployment Insurance, Retail spending and more. . .

Today's Quick Take looks at unemployment insurance claims, retail spending, Fannie Mae easing investor loan rules, and the home buyer tax credit.

Wed, 11 Feb 2009 10:28:23 -0500

Quick Take: Mortgage Applications, International Trade, and more. . .

Today's Quick Take looks at mortgage applications, international trade, and the recently passed stimulus package.

Wed, 11 Feb 2009 10:10:20 -0500

Did You Know: Environmentally Friendly Features

Did you know that with rising energy costs, home buyers are increasingly aware of energy efficiency and other environmentally friendly features of homes?

Mon, 9 Mar 2009 10:09:30 -0500

Quick Take: Stimulus Package, TARP Plans

Today's Quick Take discusses the stimulus package that was just passed, and the still murky TARP plans.

Tue, 10 Feb 2009 10:06:33 -0500

Did You Know: US Dollar Getting "Stronger"

Did you know that recently amid the global financial crisis the dollar has rebounded against many foreign currencies?

Tue, 10 Feb 2009 10:05:39 -0500

Did You Know: Consumer Confidence

Did you know that Consumer Confidence hit a record low in January? Find out how this compares to previous records.

Mon, 9 Feb 2009 10:04:13 -0500

Quick Take: Stimulus Package, TARP

Today's Quick Take discusses the stimulus package and TARP plans still being debated in the Senate, and the ten-year Treasury yield.

Mon, 9 Mar 2009 10:03:39 -0500

Quick Take: Unemployment Statistics, Mortgage Rates

Today's Quick Take looks at Census Bureau employment statistics, and mortgage rates.

Thu, 5 Feb 2009 10:00:18 -0500

Quick Take: Unemployment Insurance Claims, Manufacturers' Orders, and more. . .

George Ratiu examines unemployment insurance claims, manufacturers' orders, shipments and inventories, and a proposed Senate tax credit.

Mon, 9 Mar 2009 09:58:29 -0500

Did You Know: The Misery Index

Jed Smith, Manager of Quantitative Research, examine the Misery Index.

Wed, 4 Feb 2009 09:57:43 -0500

Did You Know: Housing Wealth Trend

Lawrence Yun, NAR's Chief Economist, looks at trends in housing net equity.

Tue, 3 Feb 2009 09:56:22 -0500

Did You Know: Value of Web Site Features

Meredith Dunn, Research Communications Representative, examines what web site features buyers are using to find homes.

Tue, 3 Feb 2009 09:55:38 -0500

Pending Home Sales in December and Forecast

By Lawrence Yun, Chief Economist

Tue, 3 Feb 2009 14:44:21 -0500

New Research: Pending Home Sales December 2009

Pending home sales show healthy gain and the Housing Affordability Index rose by 10.9% in December.

Mon, 2 Feb 2009 09:54:56 -0500

Quick Take: ISM Manufacturing Index, Economic Stimulus

Lawrence Yun, NAR Chief Economist, looks at the ISM Manufacturing Index and current legislative events surrounding the economic stimulus package.

Mon, 2 Feb 2009 15:28:37 -0600

Did You Know: Age and Size of Home

Meredith Dunn, Research Communications Representative, compares the square footage of sold homes to newly purchased homes for several age groups of home buyers.