One of the key obstacles to a housing recovery over the past five years has been the overhang of distressed properties about to come to market which has come to be known as shadow inventory. Shadow inventory numbers are comprised of three separate … [Read more...]
Response to New York Times Article “Owning a Home Isn’t Always a Virtue”
The New York Times ran an opinion piece this past weekend by Professor Robert Shiller that calls for reducing the mortgage interest deduction and other housing benefits. The article points to Switzerland as a good example of a stable high-income … [Read more...]
#HBSGenerations Twitter Chat Recap
Last week NAR Research held a Twitter chat on home buyer and seller generational trends. The information for this chat was taken from our recent 2013 Home Buyer and Seller Generational Trends report, and echoes many of the observations that real … [Read more...]
Mortgage Rates
In each Economic Update, the Research staff analyzes recently released economic indicators and addresses what these indicators mean for REALTORS® and their clients. Today’s update discusses mortgage rates. As expected, the average 30-year fixed … [Read more...]
Canada and China Are Top International Buyers
The United States attracts international buyers from many countries. In recent years Canada, China, Mexico, India, and the United Kingdom have accounted for over half of the foreign residential transactions. In the 12 months ended March 2013, these … [Read more...]
Latest Monthly Housing Affordability Index
At the national level, housing affordability is down due to higher home prices even though mortgage rates have come down. What is affordability like in your market? Housing affordability is down for the month of May in the US as prices reach their … [Read more...]
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