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
A Nearly Unbelievable Data Point: The Birth Rate The baby bust has likely been fueled by both economic and health concerns of women during the pandemic. By: Jessica Lautz Original source: https://www.nar.realtor/blogs/economists-outlook/a-nearly-unbelievable-data-point-the-birth-rate
Instant Reaction: Jobs, October 8, 2021 The job additions of 194,000 in September are light considering there are still 5 million fewer Americans working now versus before the pandemic. By: Lawrence Yun Original source: https://www.nar.realtor/blogs/economists-outlook/instant-reaction-jobs-october-8-2021
Top 10 Office Markets as of 2021 Q3 Overall, the office market continues to see negative net absorption, rising vacancy rates, and lower asking rent in 2021 Q3 compared to one year ago. By: Scholastica (Gay) Cororaton Commercial & Investment Real Estate, Office Property Original source: https://www.nar.realtor/blogs/economists-outlook/top-10-office-markets-as-of-2021-q3
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
NAR 2022 Statistical & Forecast News Release Schedule The National Association of Realtors® has released its statistical & forecast news release schedule for 2022. Media Contact: Troy Green 202-383-1042 Original source: https://www.nar.realtor/newsroom/nar-releases-its-2022-statistical-forecast-news-release-schedule
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
