Independence Day is rapidly approaching. Next week’s commemoration of country, home and family will see people enjoying their homes and neighborhoods as they celebrate. With the importance of that day in mind, NAR President Moe Veissi noted the following, comparing homeownership today to the time of our Founding Fathers.
For more on the history of homeownership in the U.S. as well as the full Jefferson quote, read the article here >
The weather heat map is all red today across the country. The best course is to stay indoors with the air conditioner on, and postpone lawn mowing for another day.
Yet, there are construction workers with hard hats and hammers pounding away outside. In reviewing home construction activity by each month, there is no discernible trend of holding back construction in the summer in very hot places like Phoenix or Dallas. Homebuilding is more impacted by market conditions of bubble and collapse, but not heat.
- For the third consecutive year REALTORS® reported that the most cited reason for limiting potential clients was the difficulty in obtaining mortgage financing, at thirty percent.
- There was a decline in the share of members who reported the most important factor limiting clients was the expectation that prices would fall further, from 26 percent in the 2011 survey to 18 percent in the 2012 survey.
- For more information about financing and other data, read the 2012 Member Profile >