Real estate daily market update: March 30, 2018

All the latest real estate market news ...

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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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Fed Raises Rate for Third Time This Year

The Federal Reserve acted as expected on Wednesday, increasing the key interest rate one-quarter percentage point for the third time this year. The action concludes a hastened 12 months for the policymaker, which raised the rate in March and June, as well as once in 2016 and once in 2015. It forecasts three rate raises in 2018. “Hurricane-related disruptions and rebuilding have affected economic activity, employment, and inflation in recent months but have not materially altered the outlook for the national economy,” according to a statement by the Fed. “Consequently, the Committee continues to expect that, with gradual adjustments in the stance of monetary policy, economic activity will expand at a moderate pace and labor market conditions will remain strong. Inflation on a 12‑month basis is expected to remain somewhat below 2 percent in the near term but to stabilize around the Committee’s 2 percent objective over the medium term. Near-term risks to the economic outlook appear rough...
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New home sales continue upward course in June

New home sales increased in June, continuing the upward trend which began in May. Home prices finally decreased during June as total housing supply and the month’s supply at the current sales rate both decreased. from real estate news and flip houses http://bit.ly/2vIWmzD Real Estate Investing News proudly brought to you by Real Estate Sales LLC . Your Real Estate Investing Expert Coach
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