NAR President Issues Statement Following White House Meeting on Debt Ceiling

40 years of Home Buyer and Seller Data There are some notable changes in the home buying environment, pandemic aside, including interest rates, home prices, and how people buy and sell. By: Jessica Lautz Original source: https://www.nar.realtor/blogs/economists-outlook/40-years-of-home-buyer-and-seller-data-how-does-the-profile-compare

Commercial real estate owners and managers are feeling increasing urgency to boost the energy efficiency of existing and new buildings. Original source: https://www.nar.realtor/commercial-connections/green-by-necessity

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

Dan Weisman, NAR’s director of emerging technology, told the audience that $25 billion per year is being invested in proptech across the globe and $10 billion of that is being invested in the United States. Original source: https://www.nar.realtor/newsroom/emerging-tech-takes-center-stage-at-realtors-conference-and-expo

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

Retail Vacancy Rates at Lowest Levels Since Q2 2020 With people returning to physical stores and food and drinking places, demand for retail space in Q2 2021 exceeded pre-pandemic peak levels. By: Brandon Hardin Retail Properties Original source: https://www.nar.realtor/blogs/economists-outlook/commercial-weekly-retail-vacancy-rates-at-lowest-levels-since-q2-2020