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.
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.
The shape of homeownership and housing markets has changed dramatically over time and will continue to change in the face of new housing opportunities and challenges.
Realtors® who specialize in commercial real estate expressed optimism and confidence in the market during a forum at the Realtors® Midyear Legislative Meetings & Trade Expo.
Growth in home sales and prices is contributing to a broader improvement in the overall economy, aided in part by current homeownership tax treatment.
The business activity and income of Realtors® are up for the second year in a row following nine years of decline, according to the 2013 National Association of Realtors® Member Profile.