2022
Monday Minute: Week of July 25, 2022
Issues this week: Racism/discrimination in banking. www.nar.realtor – Fair Housing
Existing-Home Sales Fall for the Sixth Straight Month, Decline 5.9% in July 2022
In July 2022, existing-home sales fell month-over-month for the sixth consecutive time, reaching a 4.81 million seasonally adjusted annual rate, and fell 20.2% from July 2021. www.nar.realtor – Research
Four in Five Metro Areas Notched Double-Digit Price Gains in Second Quarter of 2022
In Q2 2022, 80% of Metros Saw Double-Digit Price Rise Housing affordability declined as the monthly mortgage payment on a typical existing single-family home with a 20% down payment skyrocketed. Media Contact: Troy Green 202-383-1042
Housing Affordability Conditions Fade as Mortgage Rates Push Monthly Payments Higher in June 2022
The monthly mortgage payment increased by 5.3% in June 2022, compared to the prior month, while the median family income increased by 1.4%. www.nar.realtor – Research
Real Estate CEOs Mull 2022 Landscape, Slowdown
“Comparing anything to 2020 or 2021, it doesn’t make any sense.” That is the conundrum—summed up frankly by Anne Marie DeCatsye, CEO of the Canopy REALTOR® Association in Charlotte, North Carolina—for anyone trying to parse out the current real estate market. As economists and practitioners all across the country have sought for months to draw […]
Instant Reaction: CPI Inflation, July 13, 2022
Consumer price inflation is the highest in over 40-years and showed no sign of slowing down in June. It rose by 9.1% and is accelerating. www.nar.realtor – Research
Instant Reaction: Mortgage Rates, June 30, 2022
The 30-year fixed mortgage rate dropped to 5.7% from 5.81% the previous week. Although rates are significantly higher than last year, they are still historically low, remaining below 6%. www.nar.realtor – Research
Monday Minute: Week of June 13, 2022
Both the House and the Senate are in session this week. What issues should REALTORS® follow? Fair housing bills markup. www.nar.realtor – Fair Housing
Instant Reaction: CPI Inflation, June 10, 2022
Rising rents and home prices (not part of CPI Inflation) have caught up with multiple years of housing underproduction of single-family homes and apartments. www.nar.realtor – Research
May 2022 Commercial Market Insights
The pace of absorption has slowed in the industrial and retail markets as consumers cut back on spending amid high inflation. www.nar.realtor – Research