 A New Year: Good Prospects, Lingering ChallengesMost of us were happy to say goodbye – even good riddance – to 2009. So what’s ahead for real estate in 2010? In his commentary this month, NAR Chief Economist Lawrence Yun looks at some of the hopeful prospects for the housing market – and for REALTOR® business – as well as some lingering challenges. Read more > |
Powering Up
Residential real estate accounts for a fifth of all energy consumption in the U.S. And the costs of that energy can be significant. Because of that, homeowners and home buyers are looking for ways in which their homes can be more energy efficient. In our Market Intelligence feature this month, NAR Research Economist Arun Barman looks at some of the trends in energy usage, as well as the increasing preference of home buyers for more energy-efficient homes.
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The “REALTOR®” View
Every month, NAR Research surveys a panel of REALTORS® about their current business, and what they expect in the future. Jed Smith, NAR’s Managing Director for Quantitative Research, gives us the latest from REALTORS® and their views about the market.
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Existing-Home Sales Record Another Big Gain, Inventories Continue to Shrink
Existing-home sales rose in November, increasing 7.4 percent from the previous month to a seasonally adjusted annual rate of 6.54 million units. November resales were a whopping 44.1 percent higher than the level a year ago. NAR analysts attribute the increase to purchasers responding to the home buyer tax credit, as well as continued
low home prices, historically low mortgage rates, and healthy inventory. First-time buyers accounted for more than 50 percent of home purchasers in November.
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Real Estate Insights
Lawrence Yun, NAR Chief Economist
Paul Bishop, Managing Director, NAR Research
Jed Smith, Managing Director, Quantitative Research
Arun Barman, Research Economist
Wannasiri Chompoopet, Manager of Housing Statistics
Keunwon Chung, Data Research Analyst
Stephanie Davis, Office Manager
Thomas J. Doyle, Research Marketing Manager
Meredith Dunn, Communications Representative
Ken Fears,Manager, Regional Economics
Danielle Hale, Research Economist
Michael Hyman, Research Assistant
Jessica Lautz, Research Economist
Selma Lewis, Research Economist
George Ratiu, Research Economist
Gregg Stratton, Research Economist
Sophia Stuart, Marketing Associate
Caroline Van Hollen, Senior Research Coordinator
Copyright © 2009 NATIONAL ASSOCIATION OF REALTORS®. Reproduction or reprinting in any form is prohibited without written permission. Editorial questions and requests to reprint articles should be directed to Meredith Dunn via e-mail at data@realtors.org.
