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Hit the ground running in 2007 with valuable business tools. Begin with the latest products and publications from NAR Research. Use them in every aspect of your business, from developing listing presentations to preparing articles for publications. Stay on top of the newest surveys (such as the "2006 Profile of Home Buyers and Sellers"), brochures (the revised "Why Rent When You Can Buy") and other tools by visiting the New Research page at Realtor.org. Bookmark it and check back throughout 2007 for new additions!
Just a click away>
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Edison, N.J. just saw the light. It's the newest metro area to make NAR's popular list of Market-by-Market Home Price Analysis Reports. This brings to 121 the number of metros covered. Each 11-page, downloadable report evaluates a number of factors affecting home prices in including: job market health, the prevalence of nontraditional financing options, debt-to-income ratios and migration patterns. Check it out>
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New York City tops the list for a lot of things, but now you can add the lowest office vacancy rate. At 6.8 percent in the fourth quarter last year, New York City beat out other tight office markets like Ventura County, Calif., with an 8.1 percent vacancy rate; Miami at 8.2 percent and Honolulu at 8.4 percent. All this and more is reported in the January Issue of "Inside Office" -- available to NAR members only. Read more>
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Pending home sales are hovering in a narrow range, another indication of stabilization in the housing sector. The Pending Home Sales Index, based on contracts signed in October, slipped 1.7 percent to a reading of 107.2 and is 13.2 percent lower than October 2005. David Lereah, NAR’s chief economist, said a fairly steady pace of home sales can be expected for the next two months. Read more>
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After bottoming in the fourth quarter of 2006, existing-home sales are forecast to gradually rise through 2007 and into 2008, while new-home sales should turnaround by summer, according to the latest NAR forecast. David Lereah, NAR’s chief economist, said annual totals for existing-home sales will be comparable between 2006 and 2007. “Steady improvement in sales will support price appreciation moving forward,” he said.
Read more>
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Report compiled by NAR's Research Division.
Questions about this report? Contact Research at ljohnson@realtors.org. |
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