Play ball! Baseball is a game of numbers just as much as it is of home runs, stolen bases and strikeouts. To celebrate the unofficial first day of spring, Major League Baseball’s Opening Day, the National Association of Realtors® is serving up a fastball of recent real estate facts that correspond to each of the
Talk to a Realtor® in much of the country right now and they’ll all echo a similar narrative: homes are selling quickly because there are not enough listings on the market. It’s why existing sales stumbled in February and price growth accelerated to its fastest pace in over a year (7.7 percent). Even more staggering, inventory
Yesterday and every March 23rd is National Puppy Day, ONE of the cutest days of the year (Not to take away from National Kitten Day)! According to the National Association of REALTORS® 2017 report Animal House: Remodeling Impact, homeowners will be one of the largest groups celebrating our best furry friends. A large majority of surveyed
Below is the following statement from NAR Chief Economist Lawrence Yun on the Federal Reserve’s decision today to raise short-term rates for the first time in 2017: “Rising inflation will predominantly dictate the next monetary policy decision, but another short-term rate hike should be expected by the end of the summer. Right now, rents and
Wouldn’t it be better to pull your muscle attempting to catch a foul ball instead of shoveling a foot of snow? Knowing there are 13 spring training baseball games being played across the state of Florida and in the Phoenix area makes today’s wintry mess up and down the East Coast even more cruel. It
The following is NAR Chief Economist Lawrence Yun’s thoughts on this morning’s (3/10/17) U.S. Bureau of Labor Statistics’ February jobs report: “The boosts to business and consumer confidence over the past few months is evidently leading to faster hiring. The 235,000 net new job additions in February and 2.3 million over the past year will
By a vote of 58-41, the U.S. Senate confirmed Dr. Ben Carson on March 2, 2017 as the next Secretary at the Department of Housing and Urban Development. National Association of Realtors® President William E. Brown laid out the challenges that lie ahead, saying Realtors® look forward to working with Secretary Carson to advance home ownership and
The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s S&P/Case-Shiller index national home-price index reading for December: “Rising mortgage rates should not be boosting home prices, yet home values accelerated with a 5.8% annual gain in December (according to the S&P/Case-Shiller home price measurement). Price gains had been a tad lower in the
Last week's economic reports included S&P Case-Shiller Housing Market Indices, reports on new and pending home sales, Freddie Mac's weekly mortgage rates survey. The Federal Reserve released its customary statement after the scheduled Federal Open Market Committee meeting concluded; the Committee did not raise the federal funds rate of 0.25 percent, but indicated that economic risks were fewer, which suggested that the key Fed rate may be increased in September.
Last week's economic news was dominated by Great Britain's vote to withdraw from the European Union. New and Existing Home Sales were released along with weekly reports on mortgage rates and new jobless claims.
