Real Estate News

Forbearance Options for Homeowners

Wed, 27 May 2020 14:34:46 +0000

Due to the coronavirus pandemic, the job market and the economy have changed drastically. We are seeing record highs of filings for unemployment as well as many families are trying to figure out how to manage the financial wellness of their households.

https://www.nar.realtor/blogs/economists-outlook/forbearance-options-for-homeowners

April 2020 Existing Home Sales

Tue, 26 May 2020 20:33:12 +0000

Housing market activity in April 2020 fell 17.8% from March 2020. April's sales of existing homes dropped 17.2% from April 2019.

https://www.nar.realtor/blogs/economists-outlook/april-2020-existing-home-sales

5 Housing Market Trends as of April 2020

Fri, 22 May 2020 19:12:32 +0000

NAR’s April 2020 Realtors® Confidence Index (RCI) Survey shows the effect of coronavirus social distancing measures on the housing market. Here are five trends based on the data.

https://www.nar.realtor/blogs/economists-outlook/5-housing-market-trends-as-of-april-2020

April 2020 Foot Traffic Report

Fri, 22 May 2020 15:03:29 +0000

Home viewings data from SentriLock®, LLC, a lockbox company, indicates a continued downward trend in home buyer traffic in April 2020 with respect to the prior month and one year ago in the wake of coronavirus social distancing measures, stay-at-home orders and the unprecedented rise in unemployment.

https://www.nar.realtor/blogs/economists-outlook/april-2020-foot-traffic-report

Tracking Jobless Claims by State: Week Ending May 16

Thu, 21 May 2020 21:02:50 +0000

Most of the companies hiring additional employees to meet increased demand are included in the following industries: health care, food and grocery stores, delivery, and telecommunications.

https://www.nar.realtor/blogs/economists-outlook/tracking-jobless-claims-by-state-week-ending-may-16

Housing Affordability in March 2020

Thu, 21 May 2020 16:10:20 +0000

At the national level, housing affordability improved in March 2020 compared to a year ago but fell compared to February, and median home prices rose 8.0 % in March from one year ago.

https://www.nar.realtor/blogs/economists-outlook/housing-affordability-in-march-2020

Existing-Home Sales Wane 17.8% in April

Thu, 21 May 2020 13:14:39 +0000

Each of the four major regions reported a dip in sales, with the West suffering the largest decrease, but home prices remain strong.

https://www.nar.realtor/newsroom/existing-home-sales-wane-17-8-in-april

Unemployment Continues to Show Signs of Slowing

Thu, 14 May 2020 20:59:36 +0000

Millions of small businesses were able to benefit from the Paycheck Protection Program (PPP) and rehire their furloughed employees.

https://www.nar.realtor/blogs/economists-outlook/unemployment-continues-to-show-signs-of-slowing

Commercial Economic Issues & Trends Forum

Wed, 13 May 2020 19:39:04 +0000

These slides were presented by NAR Chief Economist Lawrence Yun at the Commercial Economic Issues and Trends Forum during the 2020 REALTORS® Legislative Meetings, on Wednesday, May 13, 2020.

https://www.nar.realtor/presentations/commercial-economic-issues-trends-forum

Residential Economic Issues and Trends Forum

Wed, 13 May 2020 17:33:33 +0000

These slides were presented by NAR Chief Economist Lawrence Yun at the Residential Economic Issues and Trends Forum during the 2020 REALTORS® Legislative Meetings, on Wednesday, May 13, 2020.

https://www.nar.realtor/presentations/residential-economic-issues-and-trends-forum