NAR Chief Economist Lawrence Yun talks about the flattening of pending home sales in February, and the reasons buyer choices are limited.
Even when economic times are tough, real estate activity has a positive impact on state economies. Read the state-by-state economic impact reports.
Join NAR economist Jessica Lautz at 2 p.m. EST on March 28, 2013 for a Twitter chat on buyer home feature preferences. Use #HomeFeatures13 to participate.
February pending home sales flattened with limited buyer choices, but remained at the second highest level in nearly three years, according to the National Association of Realtors®.
These reports outline the total economic impact of real estate related industries on the state economy, such as home construction costs, remodeling, real estate brokerage, mortgage lending and title insurance.
NAR Chief Economist Lawrence Yun says that February existing-home sales and prices affirm a healthy recovery is underway.
Home Values Performed 42 Percent Better When Located Near Public Transportation During Last Recession
Data from a new study from the American Public Transportation Association (APTA) and the National Association of Realtors® reveals that during the last recession, residential property values performed 42 percent better on average if they were located near public transportation with high-frequency service.
"With the spring home-buying season upon us, the recent highs in the stock market are a welcome signal of better times ahead," says Freddie Mac's chief economist.
February existing-home sales and prices affirm a healthy recovery is underway in the housing sector, according to the National Association of Realtors®. Sales have been above year-ago levels for 20 consecutive months, while prices show 12 consecutive months of year-over-year price increases.
Read part three of a summary of the trends in consumers' views towards home buying and home ownership during the past nine years, a period of dramatic change.