Presentation to the Commercial Real Estate & Economic Trends Forum at the 2014 REALTORS® Party Convention & Trade Expo in Washington, DC
Realtors® from across the country gathered today to discuss the effects of traffic and commuting on homebuying.
Despite a sluggish economy, commercial practitioners are reporting improvements in the market, and expect improvements to continue in the years to come.
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.