There are some notable changes in the home buying environment, pandemic aside, including interest rates, home prices, and how people buy and sell.
Original source: https://www.nar.realtor/blogs/economists-outlook/40-years-of-home-buyer-and-seller-data-how-does-the-profile-compare
Instant Reaction: Mortgage Rates, October 7, 2021 Mortgage rates dropped slightly this week, with the 30-year fixed mortgage rate fell to 2.99% from 3.01% the previous week. By: Nadia Evangelou Mortgage Financing Original source: https://www.nar.realtor/blogs/economists-outlook/instant-reaction-mortgage-rates-october-7-2021
On November 10, 2021, REALTORS® from across the country and around the world will gather in San Diego to experience the premier global event for real estate professionals. This year’s conference will be the first-ever hybrid – in-person and virtual – REALTORS® Conference & Expo. Original source: https://www.nar.realtor/newsroom/realtors-to-rise-and-shine-during-annual-realtors-conference-expo-in-san-diego
NAR Report Finds Four Out of Five Real Estate Firms Operated From a Single Office in 2020 Initial resource: https://www.nar.realtor/newsroom/nar-report-finds-four-out-of-five-real-estate-firms-operated-from-a-single-office-in-2020
Existing-Home Sales Recede 2.0% in August In August 2021, each of the four major U.S. regions experienced declines on both a month-over-month and a year-over-year perspective. Media Contact: Quintin Simmons 202-383-1178 Original source: https://www.nar.realtor/newsroom/existing-home-sales-recede-2-0-in-august
Monthly State Retail Sales, January 2019 to May 2021 The U.S. Census Bureau has released a new experimental data product that features modeled state-level retail sales. By: Brandon Hardin Retail Properties Original source: https://www.nar.realtor/blogs/economists-outlook/monthly-state-retail-sales-january-2019-to-may-2021
NAR Announces New REALTOR Benefits® Program Partnership A new resource will help small residential brokerages provide the same agent service and support typically offered by larger entities. Media Contact: Spencer High 202-383-1051 Being a Broker, Managing Your Office Original source: https://www.nar.realtor/newsroom/nar-announces-new-realtor-benefits-program-partnership