Renter Households Not Caught Up on Rent Need Rental Assistance
Fri, 11 Jun 2021 17:34:33 +0000The eviction moratorium is slated to expire on June 30, 2021, but many renters are still struggling to pay rent, and need rental assistance of at least $3.4 billion to avoid potential eviction.
April 2021 Existing and Pending Home Sales
Thu, 10 Jun 2021 16:26:51 +0000Median home prices were up 19% from April 2020. However, home sales fell for the 3rd straight month, running at a 5.85 million annualized pace in April. Lack of inventory is holding back sales potential.
https://www.nar.realtor/videos/april-2021-existing-and-pending-home-sales
Instant Reaction: Mortgage Rates, June 10, 2021
Thu, 10 Jun 2021 15:17:12 +0000Mortgage rates dropped this week to 2.96% from 2.99% the previous week, following the trend of the 10-year Treasury yield. NAR forecasts mortgage rates to average 3.2% in 2021.
https://www.nar.realtor/blogs/economists-outlook/instant-reaction-mortgage-rates-june-10-2021
Instant Reaction: Consumer Price Index, June 10, 2021
Thu, 10 Jun 2021 14:10:20 +0000Inflation rose more than expected in May to the fastest pace since 2008. Over the last 12 months, inflation rate rose 5.0%, compared to 4.2% in April and 2.6% in March, respectively.
https://www.nar.realtor/blogs/economists-outlook/instant-reaction-consumer-price-index-june-10-2021
Tracking Housing Construction at the Local Level: April 2021
Mon, 07 Jun 2021 19:31:43 +0000Housing construction is trending upward. We are currently building 24% more homes than we typically have built in April in the last couple of decades.
Q&A Corner: Career Choices in Real Estate: Through the Lens of Gender, Race, and Sexual Orientation
Mon, 07 Jun 2021 16:30:38 +0000The report released in March provided insights differences in why members entered the field, skills important for the field of real estate, and much more.
Instant Reaction: Jobs, June 4, 2021
Fri, 04 Jun 2021 14:13:10 +0000The job market continues to make progress with 551,000 net new additions in May. Another 7 million jobs are still needed to get us back to pre-pandemic conditions.
https://www.nar.realtor/blogs/economists-outlook/instant-reaction-jobs-june-4-2021
Instant Reaction: Mortgage Rates, June 3, 2021
Thu, 03 Jun 2021 15:37:23 +0000The 30-year fixed mortgage rate ticked up to 2.99% from 2.95% the previous week. Expect mortgage rates to increase modestly in the following months as the economy continues to recover, with the 30-year fixed mortgage rate to average 3.20% in 2021.
https://www.nar.realtor/blogs/economists-outlook/instant-reaction-mortgage-rates-june-3-2021
2021 Real Estate Forecast Summit: Commercial Update
Thu, 03 Jun 2021 13:43:29 +0000On March 10, 2021, NAR held its virtual Real Estate Forecast Summit: Commercial Update event, which provided an outlook on the changing commercial real estate market.
Q&A Corner with Lawrence Yun: Vacation Homes, Inflation, and Cash Sales
Wed, 02 Jun 2021 17:14:01 +0000NAR Chief Economist Lawrence Yun shares his thoughts on what's happening in vacation home sales, with rising inflation, and the high number of recent all-cash home sales in the latest data.
