NAHB study: More than half of prospective buyers surveyed in 2Q have been trying to find the right home for at least three months – but only 16% might give up.

While SW Fla.'s red tide dominates conversations, the residential real estate market is fairly unaffected so far – though some agents say it's too early to tell.

ATTOM Q2 Pre-Mover Housing Index: "A higher pre-mover index bodes well for local real estate agents, home improvement stores, moving companies and others that benefit from the halo effect of a home sale," says Daren Blomquist, senior VP at ATTOM.

Long-term U.S. mortgage rates fell this week for the second straight week – but relatively lower rates aren't sparking an increase in home sales.

U.S. Commerce Dept.: Starts rose to a seasonally adjusted pace of 1.17M. The slight uptick may indicate higher construction costs are weighing on homebuilders.

8 million credit reports had collection "events" deleted, and the New York Federal Reserve says consumers who had only one are seeing an 11-point score increase.

Tactics like "We'll price it high and drop the price if we don't get any offers right away" sound reasonable – but they usually do more harm than good.

Florida Realtors Leadership Academy "identifies, educates and inspires" future association and local leaders. Apply by Dec. 31. Questions? Email Dana Bricker.

Builders remain positive amid "growing affordability concerns stemming from rising construction costs, shortages of skilled labor and a dearth of buildable lots."

As real estate prices rise, many buyers are starting to city-shop before they home-shop. The nation's top-tier cities have been unaffordable for years, but many of the second-tier cities are also losing favor as buyers find affordable prices elsewhere.

Flood insurance is extended. Lots of opportunities in commercial investment in smaller markets. Home sales slow as inventories remain a problem. More agents are in the business. Fewer international investors are buying U.S. homes. The upcoming iOi Summit promises competitive advantage.

Hear from commercial NAR members and staff who have attended the MIPIM conference in France about the value to growing their business globally.

Highlights include the 2018 Commercial International Business Trends Report, a 'Call for Action' to extend National Flood Insurance, an advocacy update on e-fairness, and more.

Highlights include Commercial Leadership Development Day on August 5th, Innovation Grants, National Commercial Awards, and more.

Highlights include advocating for your industry, what's new with RPR® Commercial, NAR advocates for Terrorism Risk Insurance Program, and more.

2018-07-02 12:37 PMCommercial DigestCommercial Digest features exclusive content for commercial real estate professionals in a short, concise format delivered straight to your inbox, or available online.  Exclude from boxes: Who can see this: Public

Nearly one-fifth of Realtors® practicing in commercial real estate closed a sale with an international client in 2017, and 35 percent said they have experienced an increase in the number of international clients in the past five years.

Thirty-four percent of REALTORS® who responded to the survey expect international buying activity to increase in 2018.

Consumer spending impact on retail, changes to lending and tax reform, how to assemble great teams, and new NAR resources for members.

Spend the day with your peers, as you deep-dive into commercial resources, collaborating and networking to strengthen your commercial membership and increase involvement. This course is open to Association Executives and staff, as well as incoming and current leadership!

Building clawed 0.9 percent higher in July, but still underwhelmed year-over-year, according to the Commerce Department. Combined, housing starts totaled 1.17 million, with 303,000 multifamily (five units or more) starts and 862,000 single-family starts. On an annual basis, starts tumbled 1.4 percent. Approvals for builds, encouragingly, increased 1.5 percent to 1.31 million permits, with approvals […]

Appraisers and homeowners are on similar wavelengths, with appraisals coming in only 0.28 percent under what homeowners expected in July, according to the Quicken Loans National Home Price Perception Index (HPPI). Appraised home values rose 4.86 percent year-over-year, according to the Quicken Loans National Home Value Index (HVI). “The story the HPPI is currently telling […]

With building halted in the recession and construction at insufficient levels since, there is a 6.3 million deficit in the housing stock, according to an analysis newly released by Zillow. From 2008 on, there have been 1.9 approved building permits (single-family) per 1,000 people—but, historically, the number has been 3.9. According to the analysis, if […]

The luxury market is on a record streak, with double-digit growth in 19 of the largest markets in the nation, according to the July Luxury Home Index by realtor.com®. High-end homes are moving rapidly, with age of inventory at 108 days—11 days faster than in July 2017—and $1 million-plus properties on the rise. “The strong […]

From the crest prior to the recession up through 2016, the country’s largest markets now have more renters, according to an analysis recently released by Zillow. In 2000, the rate of renters was 33 percent; from 2006 to 2016, the rate rose from 31 percent to 36 percent. More than half of the 50 largest […]

On June 21, the Supreme Court issued its holding on South Dakota v. Wayfair, Inc., reversing a long-standing rule on online sales tax collection in a decision that’s a win for real estate, brick-and-mortar retailers and the states. The case dealt with whether states can require out-of-state online retailers to charge and remit sales tax […]

After a positive start to the summer, the confidence consumers have in housing is teetering, according to the Fannie Mae Home Purchase Sentiment Index® (HPSI) for July. At 86.5, the Index sunk 4.2 percentage points month-over-month, and 0.3 percentage points year-over-year. Twenty-four percent of homebuyers were optimistic about purchasing—a four-percentage point dip from June—and 41 […]

Affordability is fading fast—and although millennials are eager to enter the market, and succeeding, they’re bearing the brunt of the challenge, according to recent research. Sixty-three percent of millennials under 29 are challenged by the cost of homeownership, according to a CoreLogic and RTi Research study. The expense, in fact, is their No. 1 reason […]

Fires Continue to Rage in Northern California The Carr Fire—the largest of the 17 currently ravaging Northern California, and the fourth most destructive in the state’s history—has claimed the lives of seven people and burned through 160,049 acres across Shasta and Trinity counties (at press time), as well as destroyed over 1,000 homes, 24 commercial […]

When it comes to the housing market, the conversation has been dominated by pricey properties and short supply—but, under the radar, there has been an improvement in inventory, according to realtor.com®’s recently released July 2018 Monthly Housing Trend Report. The easing, however, is not at the entry level, but in the high-priced tier. In July, […]