Both job creation and home construction can have a strong influence on the housing market. Changes in the aggregate level of employment and plans to build homes are used as indictors of future demand and supply, respectively.
NAR introduced the Foreclosure Prevention and Response (FPR) Program to aid REALTORS®, their clients, and the nation's communities in facing the challenges of the market on March 1, 2009, as a part of the former Right Tools, Right Now program. Through this program, NAR provided $3 million in grants to state and local REALTOR® associations to help them develop coordinated plans of action to prevent foreclosures and respond to their adverse affects. The program expired as scheduled at the end of 2010.
The Technology Survey of REALTOR® Associations is a NATIONAL ASSOCIATION OF REALTORS® survey of state and local associations' use of technology tracking programs, products, budgets, hurdles, and success stories.
Home ownership continues to be a sound investment over the long term. In the October 2010 white paper “The Long-Term Value of Home Ownership in the U.S.,” the National Association of REALTORS® offers a historical look at the social and economic effects of home ownership over the last 50 years.
Find out which large metro areas and states had the lowest and highest unemployment rates.
Local data is critical to understanding local markets, but real time information is best. Each Survey of REALTOR® Sentiment/ Regional Vice-Presidential Report (RVPR) is a collection of results from NAR's most recent REALTOR® Confidence Index along with commentary from NAR's Regional Vice President for that region. These RVPRs—which reflect data available through October 2011—provide insights into the buzz on the street for each of the regional housing markets.