A month in review: The June housing market

Every month, economists release a number of indices, reports and analyses of the housing market, and it can be difficult to keep up with them all. ...

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Real Estate Firms Expect Profit, but Struggle With Disruptors, Supply

Ninety percent of real estate firms expect to boost or maintain profitability in the next year, but not without struggles from advancements in technology, “competition from non-traditional participants,” and low inventory, according to the National Association of REALTORS®’ (NAR) 2 017 Profile of Real Estate Firms . Sixty-two percent of residential firms and 60 percent of commercial firms see profits rising over the next year, even as sales volume has slightly tempered: $6.2 million for residential firms in 2016, down from $6.3 million the year prior, and $4.0 million for commercial firms in 2016, down from $4.5 million the year prior. “Real estate firms continue to have a very positive outlook on the state of the industry,” says NAR President Bill Brown. “As the survey found, 90 percent of real estate firms expect net income to increase or remain the same over the next year, but for the second year in a row, low inventory and high prices have led to a slight decrease in real estate ...
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The week in financial markets: the hikes are starting to matter

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