Two Fronts
By most measures the economy is on the mend. Does that mean housing is as well? In his commentary this month NAR Chief Economist Lawrence Yun says the answer depends on two potentially big support factors: Jobs and Confidence. Read more.

Single Women – A Significant Market

The most recent NAR Profile of Home Buyers and Sellers indicates that single women account for a significant share of home buyers. Indeed, these home purchasers represent the second largest share of adult households who purchase homes. Research Economist Jessica Lautz takes a look at this market and how single female buyers differ from other home purchasers. Read more.

Making Sense of Economic Data

Lifestyle, family, and the enjoyment of owning one’s own home are important considerations for consumers when deciding to purchase a home. Obviously buyers will look at price, availability and trends. But changes in the economy – and potential changes as well – play a roll in a buyer’s decision. We’re bombarded daily with the latest economic data. What economic indicators are the most significant for real estate and for real estate professionals and their clients? Jed Smith, NAR’s Managing Director of Quantitative Research gives us an overview. Read more.

Keeping “Up to Date” with Research Update

Beginning in June, another a new feature will make its debut in Real Estate Insights. Research Update will be a regular column in this newsletter, and will provide information about developments in the real estate industry, current NAR Research studies, as well as links to other insightful information. Meredith Dunn of NAR Research Communications provides a sneak peak at what you will find in Research Update. Read more.

Pending Home Sales

Pending Home Sales rose in February, showing a healthy gain from January as well as from a year ago. NAR’s Pending Home Sales Index, a forward-looking indicator based on contracts signed in February, rose 8.2 percent to 97.6 from a downwardly revised 90.2 in January, and was 17.3 percent above February 2009 when it was 83.2. All regions of the country posted year-over-year gains, and all regions except the West registered monthly increases. Read more.

 

Check out this snapshot of monthly housing indicators.

Economic Commentary

Steady economic growth of near 3 percent this year and next year will accompany job growth of about 2 million each year from 2011 – such job growth will boost existing-home sales to 5.5 million in 2010 and to 5.7 million in 2011.

Using NAR Research

Beginning in June, we will premiere a new feature in Real Estate Insights: Research Update.

In Focus

The home purchase decision is about lifestyle, family, hopes, and the future. However, the economic side is clearly important.

Market Intelligence

Single females make up one-quarter of the first-time buyer population and 17 percent of the repeat buyer population.

Existing-Home Sales

Existing-home sales declined slightly in February, with modest gains in the Northeast and Midwest offset by softer sales in the South and West

Archives

See previous issues.

New from NAR Research

NAR’s 2010 Midyear Meetings

While attending NAR’s Midyear Meeting in May, be sure to take advantage of the informative sessions from NAR Research. For locations of these informative sessions, check your Midyear Conference program.

For more information >

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