Every month REALTORS® provide a variety of comments in responding to the survey for the REALTORS® Confidence Index. Changes in the types of comments received highlight the current problems and opportunities around the country. A Changing Market: The … [Read more...]
Latest 2013 Economic and Housing Outlook
Each month, as part of the pending home sales release, the latest 2013 Economic and Housing Outlook from NAR Chief Economist Lawrence Yun is also posted. The forecast document looks at economic indicators such as existing home sales, new home sales, … [Read more...]
Eighty-three Percent of REALTORS® Report Constant to Rising Prices
With strong buyer demand and tight inventory, 83 percent of REALTORS® reported constant or rising prices in the February REALTORS® Confidence Index (RCI) Survey. The survey also showed that among the respondents: – About 16 percent reported a … [Read more...]
Demand for Properties Continued to Expand Faster than Supply
Buyer demand for residential homes continued to outpace supply in February. The Buyer Traffic Index rose to 64 while the Seller Traffic Index essentially stayed at 39 based on information in the February REALTORS® Confidence Index (RCI) Survey. In … [Read more...]
Even in Bad Times, Real Estate’s Impact is Big
Historically real estate has played an important role in the U.S. economy. One reason for the economy’s sluggish recovery has been problems in the mortgage finance sector that have constrained a traditional housing-led expansion. While real estate’s … [Read more...]
Lessons from the Irish Recovery
Europe is mired in economic recession. Ireland, however, is not. Ireland can also be said to no longer be part of PIGS, an acronym Goldman Sachs came up with to describe four countries (Portugal, Ireland, Greece, and Spain) with what appeared to be … [Read more...]
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