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May 2017 Economic and Commercial Real Estate Outlook: George Raitu

May 20, 2017

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These slides are from the Economic and Commercial Real Estate Outlook presentation given by George Raitu during the Commercial Economic Issues & Trends Forum at the REALTORS® Conference & Expo in Washington, DC, on May 18, 2017.

May 2017 Economic and Commercial Real Estate Outlook: Lawrence Yun

May 20, 2017

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These slides are from the Economic and Commercial Real Estate Outlook presentation given by Lawrence Yun during the Commercial Economic Issues & Trends Forum at the REALTORS® Conference & Expo in Washington, DC, on May 18, 2017.

Realtors® Have a Positive Outlook for Commercial Markets in 2017

May 20, 2017

WASHINGTON (May 19, 2017) – While challenges face commercial real estate markets, Realtors® specializing in the sector should have confidence that growth will continue. That’s according to speakers at a commercial economic issues and trends forum at the REALTORS® Legislative Meetings & Trade Expo.

NAR Chief Economist Lawrence Yun led a panel discussion about the economic forces shaping commercial real estate markets; the panelists agreed that the market has improved and that continued growth in the economy... Read More

NAR Midyear Forecast: Existing-Home Sales Poised to Climb 3.5 Percent in 2017

May 20, 2017

WASHINGTON (May 18, 2017) – The multi-year stretch of robust job gains along with improving household confidence are expected to guide existing-home sales to a decade high in 2017, but supply and affordability headwinds and modest economic growth are holding back sales and threatening to keep the nation’s low homeownership rate subdued. That’s according to speakers at a residential real estate forum here at the 2017 REALTORS® Legislative Meetings & Trade Expo.

Lawrence Yun, chief economist of the National... Read More

May 2017 Economic and Housing Market Outlook

May 20, 2017

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These slides are from the Economic and Housing Market Outlook presentation given by Lawrence Yun during the Residential Economic Issues & Trends Forum at the REALTORS® Legislative Meetings & Trade Expo in Washington, DC, on May 18, 2017.

Commercial Lending Trends Survey

May 20, 2017

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Highlights
  • Commercial investments mirrored the global uncertainty in 2016, with a 16 percent decline year-over-year, on total volume of $826 billion, according to Real Capital Analytics (RCA).
  • Commercial investments in large capitalization U.S. markets totaled $489 billion, representing an 11 percent drop from the prior year.
  • With rising demand across all property types, vacancies continued on a downward path.
  • As an exception,... Read More

2017 Q1 Commercial Real Estate Market Survey

May 20, 2017

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The REALTORS® Commercial Real Estate Market Trends measures quarterly activity in the commercial real estate markets, as reported in a national survey. The survey collects data from REALTORS® engaged in commercial real estate transactions. The survey is designed to provide an overview of market performance, sales and leasing transactions, along with information on current economic challenges and future expectations.

... Read More

Danielle Hale's Housing Update on CNBC's The Financial Exchange Show

May 20, 2017

NAR economist Danielle Hale gives a housing update on CNBC's The Financial Exchange Show with Larry Kudlow.

Commercial Real Estate ALERT

May 20, 2017

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The Strategic Thinking Advisory Committee of the National Association of REALTORS® (NAR) was tasked with the responsibility to produce a report detailing the risks and opportunities in the commercial real estate industry. NAR retained the services of one of the leading research and information companies in the real estate industry, T3 Sixty, Inc. Their findings are published in this study.

Metro Home-Price Growth Heats Up 6.9 Percent in First Quarter

May 20, 2017

WASHINGTON (May 15, 2017) — The strongest quarterly sales pace in exactly a decade put significant downward pressure on inventory levels and caused price growth to further accelerate during the first three months of 2017, according to the latest quarterly report by the National Association of Realtors®. Metro home prices have now accelerated for three consecutive quarters.

The national median existing single-family home price in the first quarter was $232,100, which is up 6.9 percent from the first... Read More

Member Profile

May 20, 2017

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Highlights
  • The typical REALTOR® has 10 years of experience.
  • In 2016, the typical agent had 12 transactions, which is up from 11 transactions in 2015.
  • Most REALTORS® worked 40 hours per week in 2016, a trend that has continued for several years.
  • Sixty-three percent of all REALTORS® are female.
  • The majority of REALTORS®—82 percent—own their primary residence.
  • Eighty-two percent... Read More

2017 NAR Member Profile

May 20, 2017

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Using data taken from the 2017 NAR Member Profile, this infographic provides a look at a typical REALTOR®.

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Survey Reports 12 Percent Jump in REALTOR® Business Activity

May 20, 2017

WASHINGTON (May 11, 2017) — After a slip in business in 2015, the National Association of Realtors® Member Profile found that the income and sales volume of Realtor® members increased in 2016. The median gross income of Realtors® increased 8 percent in 2016 as the typical member had the highest number of transactions in recent years.

Despite Realtors® continuing to cite inventory shortages, transactions grew to 12 per agent, the highest since 2014 when the typical agent had 11. The median sales volume for... Read More

April 2017 Foot Traffic

May 20, 2017

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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... Read More

NAR Chief Economist on April Jobs Report

May 20, 2017

The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s U.S. Bureau of Labor Statistics jobs report for April:

“This good jobs report for April should dispel any notion of a potential economic recession. Moreover, the continuing low levels of people filing for unemployment checks, as well as the high numbers of job openings, do point towards further job additions in upcoming months. The Federal Reserve will surely raise interest rates two more times before the year ends. The rate hikes are due to continuous improvement in economic... Read More

Region XI: 2017

May 20, 2017

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In this assessment of local markets, we have prepared case studies examining six states—Arizona, Colorado, Nevada, New Mexico, Utah and Wyoming. Across the region you’ll witness a unique array of characteristics that continue to spark global interest in each state. 
 

Fewer People Buying Second Homes

May 20, 2017

Despite overall home sales maintaining their strongest pace in a decade, 2016 vacation home sales reported in at their lowest level since 2013, dropping 21.6 percent from 2015. The National Association of REALTORS® Chief Economist Lawrence Yun attributes this decline to challenges with affordability and supply. The two of the most popular destinations for vacation homes – the South and the West – have seen soaring home prices in several markets in recent years, meaning purchasing a second home has become difficult and unaffordable for many buyers. However, buyers purchasing... Read More

The Importance of Lawn Care

May 20, 2017

Taking care of a home’s landscape in the summer heat can be a daunting task for many homeowners. However, if a homeowner is looking to sell his or her home in the warmer months, maintaining or creating a beautiful lawn can mean selling a home faster and for more money. According to the National Association of REALTORS® 2016 Remodeling Impact Report: Outdoor Features, which analyzes the reasons why homeowners complete outdoor remodeling projects and the value the finished projects bring to the homeowner, taking care of a home’s lawn will bring the most bang for... Read More

Pending Home Sales Dip 0.8% in March

May 20, 2017

WASHINGTON (April 27, 2017) — Pending home sales in March maintained their recent high level, but momentum slackened slightly in most of the country as dearth supply weighed on activity, according to the National Association of Realtors®. Only the South saw an uptick in contract signings last month.  

The Pending Home Sales Index,* www.nar.realtor/topics/pending-home-sales, a forward-looking indicator based on contract signings, declined 0.8 percent to 111.4 in March from 112.3 in February. Despite... Read More

Contract Signings Dip in March

May 20, 2017

In this video, NAR Chief Economist Lawrence Yun talks about March pending home sales, lack of inventory, rising prices, and lending options.

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