Let’s take a deeper look into the income and how business is generated according to the 2017 Member Profile.
The investment environment for commercial markets remained well-diversified, totaling $6.6 trillion in 2016. Debt investments accounted for 57% of total, with equity comprising the rest.
One of the US’s largest banks made a subtle, but important change last month that could have big implications for entry-level homebuyers. That bank raised the cost of mortgages on lower-priced homes significantly.
Retail fundamentals benefited from growing consumer spending and confidence, posting declining vacancies and rising rents.
As originators retool in the wake of a declining refinance market, analysts will monitor the market for signs of increased risk taking.
Local and community banks were the largest lending source in REALTORS®’ commercial markets during 2016, accounting for 32% of transactions.
The outlook in the condominiums market is mixed, with a “very weak” outlook in West Virginia, a “weak” outlook in eight states and the District of Columbia, and a “moderate” to “very strong” outlook in the other states.
Compared to a year earlier, home prices continue to rise in 98%of counties.
Economic activity slowed in the first quarter of 2017, despite a milder-than-usual winter.
At the national level, housing affordability is down from last month and down from a year ago. Mortgage rates increased to 4.11% this April, up compared to 3.89% a year ago.
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