Tag Archives: Markets & Economy

Government shutdown ‘causing tangible harm’ to real estate: NAR

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The ongoing government shutdown, 19 days and counting, is taking a toll on home sales, according to a new survey from the National Association of Realtors. Continue reading →

Unpaid government workers owe $438M in mortgage and rent this month

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Federal workers either not being paid or currently furloughed as a result of the government shutdown are estimated to owe approximately $438 million in mortgage and rent payments this month. Continue reading →

US adds more than 8,000 real estate jobs in December

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The United States added 312,000 jobs in December, including 8,100 in the real estate and rental leasing sector, according to the latest jobs report from the U.S. Department of Labor’s Bureau of Labor Statistics.  Continue reading →

6 things to say to clients worried about stock market volatility

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With no end in sight to market volatility, managing client jitteriness is likely to be one of Realtors’ primary responsibilities in the coming months. Continue reading →

10 housing markets poised for explosive growth in 2019

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The thread that ties these metros together is affordability — something that buyers have struggled to find over the past few years as supply has failed to meet demand. Continue reading →

Manhattan median condo price falls below $1M for first time in years

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It’s the first time the median numbers in Manhattan have fallen below $1 million in three years, according to Douglas Elliman’s fourth-quarter market report for Manhattan. The median condo or co-op sold for $999,000, 10.6 percent lower than last quarte… Continue reading →

Flood insurance freeze halts thousands of US home sales

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The Federal Emergency Management Agency ruled Thursday it will not approve new or renew existing flood insurance plans during the government shutdown. Continue reading →

Pending home sales drop to lowest level since 2014

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The National Association of Realtors’ Pending Homes Sales Index fell 7.7 percent year-over-year in November, marking the 11th straight month of annual decreases. Continue reading →