Reports

This monthly report provides insight into the economic indicators that affect the housing market, such as interest rates, mortgage rates, employment, and inflation, among others.

Based on a random sampling of NAR's membership, the Member Profile strives to answer the question "Who are REALTORS®?".

Median home values were calculated for 3,110 counties and county-equivalents in the U.S. Home values represent the value of all homes, not home sales.

In May, office vacancy rates remained at a record high of nearly 14%, fundamentals for both retail and industrial sectors weakened, and demand for apartment buildings grew further due to low affordability.

In Q2 2024, the office vacancy rate reached new record highs, approaching nearly 14%, while fundamentals in retail and industrial sectors decelerated.

Nationally, Sentrilock home showings were up 3% year over year, increasing in the Northeast, South, and West, and declining in the Midwest.

With expected lower mortgage rates, buyers at all income levels will be able to afford a greater number of listings, thereby expanding their choices.

In the first quarter of 2024, vacancy rates were on the rise and rent growth continued to decelerate across all market sectors.

REALTORS® give generously to their communities, through both monetary and volunteer contributions.

Almost half of agents and brokers found that consumers were interested in sustainability, and nearly one-third of Realtors® were concerned about the effects of climate change events on the real estate market.