At the national level, housing affordability increased for the second consecutive month in August compared to the previous month.
Less Intense Multi-bidding; Fewer First-time Buyers This summer’s intense multi-bidding is cooling, partly due to a seasonal decline, but also because first-time buyers cannot find affordable… By: Scholastica (Gay) Cororaton First-Time Homebuyers Original source: https://www.nar.realtor/blogs/economists-outlook/less-intense-multi-bidding-and-fewer-first-time-buyers-in-august-2021
There is strong recovery in the multifamily, industrial, and retail property markets, while the recovery has not been as robust in the office and hotel property markets. Original source: https://www.nar.realtor/commercial-market-insights/september-2021-commercial-market-insights
Top 10 Office Markets as of 2021 Q3 Overall, the office market continues to see negative net absorption, rising vacancy rates, and lower asking rent in 2021 Q3 compared to one year ago. By: Scholastica (Gay) Cororaton Commercial & Investment Real Estate, Office Property Original source: https://www.nar.realtor/blogs/economists-outlook/top-10-office-markets-as-of-2021-q3
Pending Home Sales Recover 8.1% in August Pending home sales rebounded in August, with each of the four major U.S. regions seeing month-over-month growth in contract activity. Media Contact: Quintin Simmons 202-383-1178 Original source: https://www.nar.realtor/newsroom/pending-home-sales-recover-8-1-in-august
New research from the Association of Foreign Investors in Real Estate may show that global buyers with long-term goals still have an appetite for U.S. real estate. Original source: https://www.nar.realtor/commercial-connections/cross-border-caution
NAR analyzed 390 commercial real estate markets and found a robust recovery with positive net absorption and strengthening rents across the multifamily, industrial and retail property markets as economic production rebounds to pre-pandemic levels. Original source: https://www.nar.realtor/newsroom/nar-identifies-americas-top-10-commercial-office-markets-of-2021