As inflation appears to have peaked, borrowing costs are starting to stabilize.
U.S. companies are looking to bring operations home from overseas, which will open new opportunities for commercial brokers, speakers at NAR’s C5 Summit say.
While prices continue to rise, existing-home sales fell in July for the sixth consecutive month and are down dramatically from a year ago, according to NAR’s latest housing report.
One in five reported reducing their prices in the past month to increase sales and limit contract cancellations. But a better outlook may be on the horizon, says NAR Chief Economist Lawrence Yun.
Inflation Reduction Act leaves out tax measures that would have derailed real estate investment.
Water views for less than $300,000? A realtor.com® study identifies where buyers can snag waterfront property at an affordable price.
Though weekly changes in borrowing costs are volatile, housing activity is reaching more balanced levels—which is ultimately good for buyers, says Freddie Mac’s chief economist.
“Home prices have increased at a pace that far exceeds wage gains, especially for low- and middle-income workers,” says NAR Chief Economist Lawrence Yun.
NAR’s chief economist shares what now needs to happen to bring down borrowing costs and increase affordability for home buyers.
While women make up more than 60% of the real estate profession, they do not hold nearly that same level of representation in industry leadership roles.