In this report, we examined the similarities and differences of effects from marijuana legality on various aspects of real estate, as well as any shifts from the last time the study was conducted in 2020.
NAR estimates that it would take 2 months to sell all current housing inventory, while 5 months is what we likely need for a balanced market.
Land sales rose at a healthy pace in 2020 compared to the collapse in transactions of commercial real estate structures.
Data indicates that buyers are turning to the power of cash, putting 20% or more in down payment, or simply not making an offer if there are already multiple offers on a property.
Mortgage rates fell this week below 3%, following the downward trend of the 10-year Treasury yield.
Advanced estimates of food service and drinking place sales increased 36% in March 2021 from March 2020 figures.
NAR's economists discuss the Snapshot of Race and Home Buying in America report and provide perspectives on how to use it, insights into the data, and talk about the results they found to be most interesting.
While employment is gaining momentum, layoffs are still happening and are significantly elevated compared to pre-pandemic.
The housing inventory shortage has been pushing up prices, but also holding back home sales.
U.S. advance estimates of retail and food service sales for March 2021 recovered from the pull-back in February 2021 as consumer purchases exceeded expectations.
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