| |
|
|
NAR RealtyCheck™ is NAR's newest business tool for success, providing custom information about all aspects of the real estate industry. Leverage NAR's extensive survey data and market information to further your own business plan while mastering dynamic economic and real estate trends -- locally, regionally and nationally. Put NAR RealtyCheck™ to work for you! Read more.>
| |
|
Appreciation in existing single-family home prices cooled to single-digit rates in most metropolitan areas during the second quarter, but 37 of the 151 metropolitan areas surveyed showed double-digit annual increases. The largest increase was in Baton Rouge, La., where the second-quarter price of $172,300 was 27.3 percent higher than a year ago. Next was Ocala, Fla., at $169,500, up 25.3 percent. Read more.>
| |
|
Existing-home sales, including single-family and condo, were down in the second quarter in contrast with a record set in the same period of 2005. Despite the overall decline, 20 states showed increases in sales activity. The biggest increase was in Alaska, where resale activity rose 48.6 percent from the second quarter of 2005. Arkansas was second with a 17.9 percent increase. Read more.>
| |
|
The housing market is in a process of stabilizing with little change in overall sales volume expected over the balance of the year. David Lereah, NAR’s chief economist, noted that while rising mortgage interest rates have slowed sales in many higher-cost markets, the strong job market means additional potential home buyers in the foreseeable future, especially in moderately priced areas. Read more.>
| |
|
The decision earlier this month by the Federal Reserve’s Federal Open Market Committee not to raise the federal funds rate for the 18th straight time indicated that the Federal Reserve recognizes the value of the housing economy to the national economy as a whole, NAR President Thomas Stevens said in a statement. “This move sends a very positive signal to the housing sector, which has been so robust over the past five years that it has sustained the economy while other sectors have lagged,” he said. Read more.>
|
|
|
|
Healthy demand for space is driving commercial real estate markets with solid fundamentals and strong investment activity, according to NAR's latest Commercial Real Estate Outlook. Commercial real estate remains a bright spot in the economy, but there are concerns over energy costs, rising interest rates and slower-than-expected job growth, which could dampen future demand. NAR provides detailed outlooks for the major commercial real estate sectors for members only. Watch for the newest report -- "Inside Retail" -- to be posted next week. Read more.>
|
|
|
|
|
|
|
|
|
Report compiled by NAR's Research Division.
Questions about this report? Contact Research at ljohnson@realtors.org. |
| | |
