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Business Outlook Archive


Empire State Third Quarter Home Sales Jump 17 Percent

Regional Spotlight—Motivated homebuyers dominated the Empire State’s summer housing market, powering 17.4-percent jumps in both statewide closed sales and pending sales during the third quarter, according to the housing market report just released by the New York State Association of REALTORS®. The ...


Bay State September Home Sales Reach Eight Year High

Regional Spotlight—Last month marked the best September for Massachusetts single-family homes sales since 2005, according to the latest report by The Warren Group, publisher of Banker & Tradesman. ...


NAR Uses Big Data to Make a Big Difference for REALTORS®

Today’s ever-evolving technology world is transforming the real estate industry, not only with new applications and tools, but also in generating volumes of information about how people approach and conduct real estate transactions. To help REALTORS® understand and interpret these trends, the National Association of REALTORS® has hired Todd Carpenter ...


Fixed Mortgage Rates Edge Higher

Freddie Mac recently released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates edging higher leading up to the federal budget deadline last week. ...


Stabilizing September Prices and Inventories Build Market Equilibrium

In September, inventories have returned to levels of a year ago and the buying season ended with the greatest price gains seen in years, according to realtor.com®’s September trend report. ...


Research on Financial Markets Recognized for Nobel Prize in Economics

Robert Shiller, co-creator of the Case-Shiller home price index, is one of three Americans to be awarded the 2013 Nobel Prize in economics. The committee recognized Robert J. Shiller (Yale University), Eugene F. Fama (University of Chicago), and Lars Peter Hansen ...


Lots for New Homes Largest in New England

According to data from the Census Bureau’s Survey of Construction (SOC), the median size of lots on single-family homes started in 2012 was three quarters of an acre in the New England Census Division (Massachusetts, Maine, New Hampshire, Vermont, Rhode Island, ...


The Government Shutdown and Its Play on Housing

The government shutdown is causing a flurry of anxiety throughout the nation, and worry is accumulating throughout the housing industry. Despite a small fall cool down due to rising interest rates, the rebound was still moving forward with momentum, and industry ...


Home Buyers Value Environmentally Friendly Features

Homeowners frequently see their heating bills rise as fall begins and the weather cools. For this reason, homes with energy efficient and environmentally friendly features are often a priority to prospective buyers. According to the National Association of REALTORS®' ...


Ask the Expert: How Can Agents Position Themselves As Specialists Overseas?

Today's Ask the Expert column features Cindy Fauth, Global Marketing Manager for the National Association of REALTORS®. ...


Rebound Continues: Housing Markets Back to Normal in 52 Metros

Housing markets in 52 out of the approximately 350 metro areas nationwide have now returned to or exceeded their pre-recessionary levels of activity, according to the newly minted National Association of Home Builders/First American Leading Markets Index (LMI), released recently. ...


Housing’s Contribution to GDP: 2Q13

Housing is an important source of economic growth. As of the second quarter of 2013, housing’s share of gross domestic product (GDP) was 15.6 percent, with home building yielding 3.1 percentage points of that total. ...


Housing Recovery Picks Up Steam despite Persistent Headwinds

With home prices and household formations rising and household balance sheets healing, the ongoing housing recovery is expected to gain momentum next year even as several challenges remain, according to economists who participated in a recent National Association of Home Builders ...


Business Opportunities Abound for Relo Departments

New business opportunities don’t always require new products and original services, but sometimes just a new approach. Some brokerage relocation departments are successfully re-directing expertise to reflect their local markets’ ever-changing needs by expanding, linking or repackaging existing services. ...


Are You Prepared for the Next Wave of Real Estate?

In markets across the country, the housing turnaround is in full swing. Low inventories and a rebound in sales are not only raising asking prices, but also bringing a return to new-home construction. While numbers have pulled back a bit from ...


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