Monthly Archive:: August 2012

From the Latest RCI: Cash Sales 27 Percent of Residential Sales

As reported in the latest REALTORS® Confidence Index report (RCI), approximately 27 percent of REALTORS® reported making cash sales in July, slightly dowm from 29 percent in June. The percentage of cash payments fluctuates from month to month, currently...

On the Path to Recovery

The strong spring and summer housing markets helped to reduce inventories nationally and the same dynamic has played out in local markets. Somewhat surprisingly, many housing markets that were hardest hit by the housing bust are sharing in the...

REALTOR® Member Age, Income and Experience

Income is typically commensurate with experience. As REALTORS® gain experience and a larger network of referrals and previous clients, their income generally rises. REALTORS® with 16 years or more experience had a median gross income of $50,200 compared to...

Jobless Claims

In each Economic Update, the Research staff analyzes recently released economic indicators and addresses what these indicators mean for REALTORS® and their clients. Today’s update discusses jobless claims....

Latest 2012 Economic and Housing Outlook

Here is the latest 2012 Economic and Housing Outlook from NAR Chief Economist Lawrence Yun. The full 15-slide PowerPoint looks at economic indicators such as existing home sales, new home sales, housing starts, GDP, payroll jobs and more. The...