Here is the latest 2012 Economic and Housing Outlook from NAR Chief Economist Lawrence Yun. Though today’s downward revision to prior GDP figures were not incorporated, the outlook remains essentially unchanged. The full 15-slide PowerPoint … [Read more...]
Jobless Claims, GDP Growth
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 jobless claims and GDP growth. Two pieces of economic news … [Read more...]
CNN doesn’t seem to understand the concept of “bubble”
“Home prices may not return to peak until 2023,” is the CNN Money headline. The story is that housing prices may take that long to hit their 2007 levels — that is, the levels they were at the peak of the housing bubble. This is … [Read more...]
First-Time Home Buyers: 31 Percent of Residential Buyers
Approximately 31 percent of REALTORS® who responded to the latest REALTORS® Confidence Index survey reported making a sale to first-time home buyers. Normally first-time buyers are in the neighborhood of 40 percent of total residential sales, … [Read more...]
Real Estate’s New Market Reality
For Agents’ Eyes Only… Each Thursday we will be posting a blog to help real estate professionals understand how they can better assist their buyers and sellers navigate the current real estate market. Hope you find the information … [Read more...]
New Home Sales
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 new home sales. Although new home sales were roughly … [Read more...]
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