Even as the fundamentals in the residential real estate market improve, the commercial sector is "hobbling to recovery," said NAR Chief Economist Lawrence Yun at the REALTORS® Conference & Expo's Commercial Real Estate Forum.
Dual income households are comprising a greater portion of the housing market and helping sales recover, according to an annual study released today.
The commercial real estate market continues to recover at a sluggish pace. However, commercial real estate remains a solid investment, according to NAR.
The housing market recovery should continue through the coming years, assuming there are no further limitations on the availability of mortgage credit or a "fiscal cliff," according to forecast presentations at a residential forum here at the 2012 Realtors® Conference and Expo.
Growth in metropolitan area median home prices increased in the third quarter, and more areas are showing gains, according to the latest quarterly report by the National Association of Realtors®.
The damage wrought by Hurricane Sandy will create a market slowdown in the short term, but the areas affected will likely see a big boost in later months.
Another sign of economic recovery: The home ownership rate is no longer falling, and some housing analysts expect it to soon start rising.
Learn how distressed sales can affect your business.
NAR Chief Economist Lawrence Yun talks about pending home sales in September, which were little changed but remain well above a year ago.
Lawrence Yun looks ahead to future housing wealth distribution and the reasons behind it.