Trends

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NAR: 2022 Member Safety Report for residential real estate

While 23% of residential Realtors claim they have feared for their safety while on the job, 98% reported that they have never been the victim of a crime while at work.

NAR: High mortgage rates bring third monthly decline in pending-home sales 

The National Association of REALTORS® expects existing-home sales to close 2022 15.2% lower compared to 2021, thanks to economic uncertainty and rising mortgage rates. 

New-home sales post unexpected rebound in August 

Sales of new homes in the U.S. jumped 28.8% between July and August, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.  

Houston named one of the most popular cities to move to during the first half of 2022

Houston had one of the highest ratios of people moving in vs. those moving out during the first half of the year, a recent analysis found. 

HAR: Single-family rentals still in high demand in August

Single-family home rentals have increased 19.2% year over year, according to the Houston Association of REALTORS®’ August 2022 Rental Market Update.

NAR: Existing-home sales fell in August while prices rose 

The median existing-home price for all housing types in August was $389,500, a 7.7% rise from the year before. 

NAR: Charitable giving by REALTOR® associations increased 20% in 2021

The NAR’s Community Aid and Real Estate (CARE) Report shows that REALTOR® associations donated a median of $12,070 this past year, a 20% increase over 2020.

Housing starts surprise to the upside in August 

New-home construction posted a 12.2% month-over-month increase in August, thanks in large part to a significant jump in multifamily building.  

RE/MAX: August sales indicate a rebalancing of the housing market

Data from the RE/MAX National Housing Report suggests the housing market is on its way to rebalancing.

Builder confidence falls for ninth consecutive month 

A continuing combination of increased interest rates, supply-chain disruptions and high home prices has sapped homebuilder sentiment every month this year. 

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