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From: "National Association of REALTORS"
Date: Mon, 22 Jun 2009 10:38:02 -0400
To: <msomers@westusa.com>
Subject: Real Estate Insights -- June 2009
 |  | In This Issue:
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 Summertime...and the Buying is Easy?
The home buyer tax credit seems to be working – pending home sales are up for a third month in a row. But there are challenges ahead. Mortgage interest rates rose in May. The tax credit is currently due to expire at the end of November. Does that mean we’ll have a rush of homebuying activity this summer? NAR Chief Economist Lawrence Yun comments on the latest developments in the housing market, as well as providing us with a “modest proposal” for fun.
Read more >
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| The Great Profile's Greatest Hits | The 2009 NAR Member Profile was released during the recent NAR Midyear meetings in May. This month, we look at the business activity of REALTORS®, including especially the level of transactions involving “distressed” sales – foreclosures and short sales.
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| | Checking in on Commercial Markets | NAR conducts a quarterly survey of commercial practitioners asking them about current and potential developments in commercial real estate. The latest Commercial Market Survey Report looks at the state of commercial real estate in the first quarter of 2009. And as our Commercial Research Economist George Ratiu reports, while things aren’t great, there are some encouraging signs.
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Real Estate Insights
Lawrence Yun, NAR Chief Economist
Paul Bishop, Managing Director, NAR Research
Jed Smith, Managing Director, Quantitative Research
Arun Barman, Research Economist
Wannasiri Chompoopet, Manager of Housing Statistics
Keunwon Chung, Data Research Analyst
Stephanie Davis, Office Manager
Thomas J. Doyle, Research Marketing Manager
Meredith Dunn, Communications Representative
Ken Fears,Manager, Regional Economics
Danielle Hale, Research Economist
Michael Hyman, Research Assistant
Jessica Lautz, Research Economist
Selma Lewis, Research Economist
George Ratiu, Research Economist
Gregg Stratton, Research Economist
Sophia Stuart, Marketing Associate
Caroline Van Hollen, Senior Research Coordinator
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| |  | Monitor
Check out this snapshot of monthly housing indicators. | | Economic Commentary
It is fairly obvious that first-time buyers are responding to the incentives of rock-bottom mortgage rates and the first-time buyer tax credit. | | The Forecast
For the latest economic forecast insights and analysis, view our Economists' Commentary page. | | In Focus
The recession has had a major impact on commercial real estate. However, there are a few bright spots. | | Market Intelligence
The housing downturn has had an impact on the amount of business REALTORS® have conducted. | | Existing Home Sales
Existing-home sales rose in April with strong buyer activity in lower price ranges. | | Archives
See previous issues. | |  | | Want to Get the Most Out of the Member Profile? Don't Miss Research's Webinar!
For the second month in a row, NAR Research will conduct an online “Webinar.” The next online session will feature members of the NAR Research Survey Team discussing the 2009 NAR Member Profile and how REALTORS® can use the information in planning their business and managing their firms.
Click here to sign up > |
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