Since coming out of lockdown 18 million jobs have been created, but total jobs are still 4 million below the pre-COVID-19 level.
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
Adaptive reuse and infrastructure represent two of the 10 issues expected to have the most impact on real estate during the 2021–2022 cycle. Original source: https://www.nar.realtor/commercial-connections/repositioning-suburbia
NAR Applauds Admin Suspending Portions of 2021 PSPAs The suspended portions would limit GSEs’ ability to appropriately serve the overall U.S. housing market as intended in crisis. Media Contact: Tori Syrek Mortgage Financing, Fannie Mae & Freddie Mac (GSEs) Original source: https://www.nar.realtor/newsroom/nar-applauds-administration-suspending-portions-of-the-2021-preferred-stock-purchase-agreements
NAR Congratulates the Bipartisan Policy Center NAR looks forward to collaborating with Ron and the Bipartisan Policy Center to ensure every American is afforded access to homeownership. Media Contact: Tori Syrek Original source: https://www.nar.realtor/newsroom/nar-congratulates-the-bipartisan-policy-center-for-launching-the-j-ronald-terwilliger-center-for-housing-policy
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
Instant Reaction: Mortgage Rates, October 14, 2021 Mortgage rates rose above 3% this week as consumer and producer prices continue to rise due to persistent supply bottlenecks and labor difficulties. By: Nadia Evangelou Mortgage Financing Original source: https://www.nar.realtor/blogs/economists-outlook/instant-reaction-mortgage-rates-october-14-2021