2022
Rafael Perez, 2022 Fair Housing Award Champion Honoree
REALTOR®, Adjunct Faculty at Cuyamaca College and Commissioner, San Diego Citizens Equal Opportunity Commission www.nar.realtor – Fair Housing
Office Vacancy Rates in 2022
For the past four years, we have seen a steady decline in the demand for office spaces, aggravated by Covid-19, and this trend is ongoing. Overall, the office vacancy rate has risen by 3% since 2019. www.nar.realtor – Research
Instant Reaction: Mortgage Rates, December 22, 2022
The 30-year fixed mortgage rate decreased to 6.27% from 7.08% six weeks ago. As a result, homeownership has become nearly 10% more affordable in the last six weeks as the monthly mortgage payment decreased to $ 2,140 for the median-priced home. www.nar.realtor – Research
NAR’s Volunteering Works Program Announces 2022 Mentoring Recipients
Volunteering Works Program 2022 Mentoring Recipients The five Volunteering Works recipients will receive a $ 1,000 seed grant and a year of one-on-one mentoring from a member of the Good Neighbor Society. Media Contact: Spencer High 202-383-1051 Outreach
2022 Real Estate Forecast Summit: The Year Ahead
NAR Chief Economist Lawrence Yun gives an outlook for the year ahead. Multiple panelists speak about residential, commercial, and demographic trends to watch for in 2023. www.nar.realtor – Research
Existing-Home Sales Fell for the Ninth Straight Month and Decline 5.9% in October 2022
October’s existing home sales reached a 4.43 million seasonally adjusted annual rate, declining 28.4% from October 2021. www.nar.realtor – Research
U.S. Home Equity Increases Again in Q2 2022
U.S. homeowners with mortgages (which account for roughly 63% of all properties) saw equity increase by 27.8% year over year, representing a collective gain of $ 3.6 trillion, for an average of $ 60,200 per borrower, since the second quarter of 2021. This is according to the latest Homeowner Equity Report (HER) for the second […]
Existing-Home Sales Drop for the Eighth Straight Month and Decline 1.5% in September 2022
September 2022’s existing-home sales reached a 4.71 million seasonally adjusted annual rate, declining 23.8% from September 2021. www.nar.realtor – Research
Instant Reaction: Housing Starts, October 19, 2022
Housing starts weakened in September 2022, driven by insufficient single-family home construction and multifamily apartment building. www.nar.realtor – Research
Instant Reaction: Jobs, October 7, 2022
Job gains continued in September 2022 with a solid 263,000 net new additions and the unemployment rate is tight at 3.5%. www.nar.realtor – Research