Housing activity was sub-par in the first quarter of this year, dampened in part by severe weather patterns, but an uptrend is expected with healthy underlying demand over the balance of the year and through 2015.
Although strong year-over-year price growth continued in most metropolitan areas in the first quarter, increases were somewhat smaller.
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The latest Realtors® Confidence Index shows the market share of all-cash purchases is rising, despite declines in distressed sales and investor activity.
Both exports and imports rose in the latest month, marking general growth in international trade for five straight years.
REALTORS® who practice commercial real estate reported an increase in sales transaction volume and medium gross annual income last year.
REALTORS® generally expect prices to increase over the next 12 months at a modest pace with a median expected price increase at about 4 percent.
Last week, NAR released a summary of existing home sales data showing that existing home sales declined again for the seventh time in eight months.
NAR Chief Economist Lawrence Yun talks about market stabilization, inventory, and vacation home sales.