Foot Traffic Picks Up

A week ago we introduced a new measure of foot traffic, the foot traffic volume index. This week we provide an update on the August trend in traffic. Foot traffic rose on a seasonally adjusted basis for the second consecutive month suggesting an end to the downward...

July 2017 Pending Home Sales

NAR released a summary of pending home sales data showing that July’s pending home sales pace is down 0.8 percent from last month and also down 1.3 percent from a year ago. Pending sales represent homes that have a signed contract to purchase on them but have yet to...

Instant Reaction: July Housing Starts

Below is NAR Chief Economist Lawrence Yun’s reaction to this morning’s U.S. Commerce report on July housing starts: “The housing shortage in America will intensify if new construction remains as lackluster as it was in July. The softening multifamily housing starts...

Families with Children Want Bigger Homes

Buying and moving into a new home always comes with stress, but moving with children can add completely different sets of needs and hassles. The National Association of REALTORS®’ 2017 Moving With Kids Report explores the unique experience of homebuying with kids....

Inventory Crunch Stalls Sales in July

It came very apparent when looking at NAR’s Pending Home Sales Index that tight inventory conditions were weighing down on contract activity this spring and early summer. The three month decline in pending sales from March to May has now translated to July being the...

Business Book Best Sellers

Every once in a while, we like to look at what made The New York Times’ best seller list for the business category. And what do you know? When I went to check the list for this month, I found one with the real estate industry at the center, taking up the number one...

Scammers Turn Sights on Realtors®

Realtors® have worked for years to make consumers aware of scams targeting real estate transactions. Now, scammers are turning their attention to Realtors® themselves. A recent alert from the Orlando Regional Realtor® Association warns of fraudulent letters from a...

Instant Reaction: July Jobs Report

The following is NAR Managing Director of Housing and Commercial Research George Ratiu’s reaction to this morning’s U.S. Bureau of Labor Statistics release on the July employment situation: “The employment report showed solid gains in July, with 209,000 net new...

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