NAR Chief Economist Lawrence Yun talks about April existing-home sales and the market constraints for that month.
Pending home sales improved slightly in April and continue to be well above a year ago. Gains in the Northeast and Midwest were offset largely by declines in the West and South.
FHFA price data shows that home prices across the United States rose 6.7% from the first quarter of 2012 to the first quarter of 2013.
April home sales data show that about 40 percent of all existing homes in the US are sold in the South. At the current seasonally adjusted sales rate, that's more than 2 million a year.
With the current low inventory of homes for sale, owners who have been renting their properties have an attractive opportunity to sell, releasing much needed inventory to the market.
The Commercial Real Estate Lending Survey is conducted annually and provides an overview of lending conditions that impact commercial transactions nationally, based on responses from commercial real estate members.
With vacancy rates modestly falling and rents moderately rising in commercial real estate sectors, market fundamentals have improved, but financing remains a challenge for small business.
Realtors® who practice commercial real estate have reported an increase in annual gross income for the third year in a row, signaling the market is on the road to recovery.
Existing-home sales rose in April but remain below underlying demand because of limited inventory and tight credit. All regions are showing strong price gains from a year ago.
Based on a random sampling of NAR’s membership, the Member Profile strives to answer the question: Who are REALTORS®? It looks at a variety of economic and demographic characteristics, and business practices.