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Check out the Roadmap to Information About the Foreign-Born, a free 17-page guide developed by NAR Research. Designed to help you help yourself to the vast array of information about foreign-born real estate buyers, the report highlights the important role foreign investment plays in this nation's economy. Information on both residential and commercial markets is included. While you're at it, take a look at the 2006 Foreign Investment in U.S. Real Estate, an update of last year's report on the impact of globalization on real estate. Read more>
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Two new reports from the National Center for Real Estate Research shed light on how state and local property taxes affect real estate values and economic activity. Find out just how much home buyers care about property taxes when choosing a place to live. Read more>
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The Gary, Indiana Region is now included in NAR's popular list of Market-by-Market Home Price Analysis Reports. This latest addition brings to 120 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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What prompts a sigh of relief from a busy REALTOR® or REALTOR® Association Executive? Often it's the latest product from NAR Research. These tools you can use to develop listing presentations and articles for publications are a gold mine for busy professionals. Stay on top of the newest surveys (such as the recently released 2006 Profile of Home Buyers and Sellers), brochures (the newly revised "Why Rent When You Can Buy") and other tools by visiting this new page at the NAR Research Web site. Bookmark it and check back often for frequent additions! Just a Click Away!>
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All commercial real estate sectors are continuing to shine, and market fundamentals are improving in all but a handful of markets, according to NAR's latest Commercial Real Estate Outlook (to be released Thursday). Secondary and tertiary markets, in particular, are experiencing a surge of investor interest. With vacancy rates down, absorption rising and limited new speculative construction, 2007 looks like another banner year for commercial real estate. Read more>
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NAR’s Pending Home Sales Index, slipped 1.7 percent in October to a reading of 107.2, 13.2 percent lower than a year earlier. NAR Chief Economist David Lereah said: "It’s important to focus on where the housing market is now – it appears to be stabilizing, and comparisons with an unsustainable boom mask the fact that home sales remain historically high," he said. "In addition, a temporary correction in prices distracts from the fact that it is primarily the number of home sales that affects the economy, and the number for this year will be the third highest on record.” Read more>
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Conditions for home buyers improved during the third quarter as home prices in many metropolitan areas came down a bit, and most states saw sales activity below a year ago, which helped to build housing inventories, according to NAR's latest quarterly surveys. Of the148 metro areas surveyed, 45 areas experiencing price declines. David Lereah, NAR’s chief economist, said market conditions are nearly the opposite of a year ago. "Last year we had a record sales market and historically tight supplies of homes with buyers bidding over the asking price,” he said. “With the market in full transition, buyers now have choices and sellers are more willing to negotiate." Read more>
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Our nation’s housing markets have been in a slump since late last year. Existing-home sales are projected to fall by about 9 percent this year. New home sales are expected to fall by almost 17 percent. In his latest commentary, NAR Chief Economist David Lereah tells readers to “take heart – the worst is over.” As we enter the new year, further contractions in the housing industry may be limited. The signs are out there – but you need to look. Dr. Lereah's commentaries appear each month in Real Estate Insights. 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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