November Employment Data
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 November employment data. The good, the bad, and ugly, … [Read more...]
Residential Sales to Investors: 20 Percent of Residential Market
REALTORS® reported that investors accounted for 20 percent of total residential sales in October (18 percent from September). According to the latest REALTORS® Confidence index, approximately 58 percent of respondents who reported a sale to an … [Read more...]
Luxury Housing Market Surges [INFOGRAPHIC]
InfoGraphic … [Read more...]
The buying power of a 3.3% mortgage
With today’s 30-year, fixed-rate mortgages averaging a bit less than 3.5 percent, people can afford much more of a house than ever before. (And I mean that — ever. These are the lowest mortgage rates in US history.)(I also speak from … [Read more...]
MID on the table? Tell Congress to take it off
The House of Representatives has been talking a lot about avoiding the fiscal cliff by reducing or eliminating tax deductions, and you know what’s going to be high on the list: the mortgage interest deduction. That’s why NAR has put out a … [Read more...]
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