Commercial Digest, October, 2021

Get the latest research and articles on office sectors, the current infrastructure bill, and more.
Original source: https://www.nar.realtor/commercial-digest/october-2021


Get the latest research and articles on office sectors, the current infrastructure bill, and more.
Original source: https://www.nar.realtor/commercial-digest/october-2021

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, September 30, 2021 Mortgage rates rose sharply this week following the trend of the 10-year Treasury yield, with the 30-year fixed mortgage rate increasing to 3.01%. By: Nadia Evangelou Mortgage Financing Original source: https://www.nar.realtor/blogs/economists-outlook/instant-reaction-mortgage-rates-september-30-2021

Pending Home Sales Rise 8.1% in August 2021 August’s pending home sales pace increased 8.1% last month but fell 8.3% from a year ago. By: Michael Hyman Original source: https://www.nar.realtor/blogs/economists-outlook/more-contracts-signed-as-pending-home-sales-rise-8-1-in-august-2021

Statement on White House Debt Ceiling Meeting “We encourage Congress to keep working on a long-term debt ceiling solution to maintain stability and faith in the American economy.” Media Contact: Tori Syrek Original source: https://www.nar.realtor/newsroom/nar-president-issues-statement-following-white-house-meeting-on-debt-ceiling

Metro Area Wealth Gains as of 2021 Q2 Homeownership is a key pathway to building wealth and narrowing the racial income and wealth inequality gap. By: Scholastica (Gay) Cororaton Original source: https://www.nar.realtor/blogs/economists-outlook/metro-area-wealth-gains-as-of-2021-q2-typical-gain-of-349000-over-30-years

NAR Honors Good Neighbor Award Finalists The award recognizes REALTORS® who have made significant volunteer contributions in their communities to improve the lives of their neighbors in need. Media Contact: Sara Geimer 312-329-8296, Spencer High 202-383-1051 Original source: https://www.nar.realtor/newsroom/nar-good-neighbor-award-finalists-honored-for-strengthening-their-communities