Real Estate News

Metro Area Wealth Gains as of 2021 Q2: Typical Gain of $349,000 Over 30 Years

Fri, 17 Sep 2021 19:25:43 +0000

Homeownership is a key pathway to building wealth and narrowing the racial income and wealth inequality gap. Housing wealth (equity) accumulation takes time, and is built up by price appreciation and paying off the mortgage.

https://www.nar.realtor/blogs/economists-outlook/metro-area-wealth-gains-as-of-2021-q2-typical-gain-of-349000-over-30-years

Instant Reaction: Retail Trade Sales September 16, 2021

Thu, 16 Sep 2021 16:45:12 +0000

Retail sales recorded a seasonally adjusted total of $618.7 billion in August 2021, a 0.7% increase from July.

https://www.nar.realtor/blogs/economists-outlook/instant-reaction-retail-trade-sales-september-16-2021

Instant Reaction: Mortgage Rates, September 16, 2021

Thu, 16 Sep 2021 14:55:53 +0000

NAR expects rates to inch higher, reaching 3.5% by mid-2022 as the Fed will likely start reducing its bond purchases before the end of the year and raising interest rates in mid-2022.

https://www.nar.realtor/blogs/economists-outlook/instant-reaction-mortgage-rates-september-16-2021

NAR Report Finds Four Out of Five Real Estate Firms Operated From a Single Office in 2020

Wed, 15 Sep 2021 22:13:20 +0000

NAR surveyed REALTOR® executives and senior managers to learn about firm demographics, composition, benefits offered to staff, business activity and market forecasts.

https://www.nar.realtor/newsroom/nar-report-finds-four-out-of-five-real-estate-firms-operated-from-a-single-office-in-2020

Instant Reaction: Consumer Price Index, September 14, 2021

Tue, 14 Sep 2021 14:42:57 +0000

Over the last 12 months consumer prices rose 5.3% compared to 5.4% in both July and June 2021.

https://www.nar.realtor/blogs/economists-outlook/instant-reaction-consumer-price-index-september-14-2021

Commercial Weekly: Increase in Demand for Retail Space

Tue, 14 Sep 2021 14:22:39 +0000

Total retail sales continued to steadily increase from the beginning of the pandemic through Q2 2021 as sales increased from $1.3 trillion in Q2 2020 to $1.6 trillion in Q2 2021, for a year-over-year growth rate of 28.2%.

https://www.nar.realtor/blogs/economists-outlook/commercial-weekly-increase-in-demand-for-retail-space

Homebuilders' Local Opportunity Index

Mon, 13 Sep 2021 20:53:44 +0000

National Association of REALTORS® has created the Homebuilders' Local Opportunity Index (HLOI), which measures both short-term and long-term opportunities for homebuilders at the local level, with the purpose of identifying the areas where homebuilders can build more homes with less risk for their business.

https://www.nar.realtor/blogs/economists-outlook/homebuilders-local-opportunity-index

Student Loan Debt Holding Back Majority of Millennials from Homeownership

Mon, 13 Sep 2021 20:03:20 +0000

Americans with high student debt often must choose between investing in their retirement, purchasing a home, getting married, starting a family, or general savings.

https://www.nar.realtor/newsroom/student-loan-debt-holding-back-majority-of-millennials-from-homeownership

Housing Affordability Increases in July as Home Price Growth Slows

Fri, 10 Sep 2021 21:09:28 +0000

At the national level, housing affordability slightly inclined in July 2021 compared to the previous month.

https://www.nar.realtor/blogs/economists-outlook/housing-affordability-increases-in-july-as-home-price-growth-slows

Outlying Counties of Metro Areas Show Stronger Housing Conditions Than in Central Counties as of August 2021

Fri, 10 Sep 2021 20:18:22 +0000

Housing affordability, the desire to live in less dense areas, and in larger homes with the opportunity to work from home, and the demand from millennials as they start to form households and raise families are important factors that play into the decision of where to live and buy a home.

https://www.nar.realtor/blogs/economists-outlook/outlying-counties-of-metro-areas-show-stronger-housing-conditions-than-in-central-counties-as-of-august-2021