Forging Ahead

Housing Affordability Continued to Improve in August At the national level, housing affordability increased for the second consecutive month in August compared to the previous month. By:  Michael Hyman Original source: https://www.nar.realtor/blogs/economists-outlook/housing-affordability-continued-to-improve-in-august

Renter Demand Shifts Toward Class B/C Apartments The apartment vacancy rate has fallen to a decade low of 4.5%, and the asking rent has soared to a historic high of 10.5%. By: Scholastica (Gay) Cororaton Commercial & Investment Real Estate, Rental Properties Original source: https://www.nar.realtor/blogs/economists-outlook/commercial-weekly-renter-demand-shifts-toward-more-affordable-and-suburban-class-bc-apartments

Instant Reaction: Jobs, November 5, 2021 Since coming out of lockdown 18 million jobs have been created, but total jobs are still 4 million below the pre-COVID-19 level. By:  Lawrence Yun Original source: https://www.nar.realtor/blogs/economists-outlook/instant-reaction-jobs-november-5-2021

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

Instant Reaction: Retail Trade Sales October 15, 2021 U.S. advance estimates of retail and food service sales for September 2021 increased from the prior month. By:  Brandon Hardin Retail Properties Original source: https://www.nar.realtor/blogs/economists-outlook/instant-reaction-retail-trade-sales-october-15-2021

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