NAR: Northeast Existing-Home Sales Spiked by 8.5% in November; Prices Rose Nearly 10%
“Home sales momentum is building,” said NAR Chief Economist Lawrence Yun.
“Home sales momentum is building,” said NAR Chief Economist Lawrence Yun.
Inventory for all property types declined in almost all areas, except for Rockland’s condo and co-op markets, the latter with an 84.6% gain. The Bronx led the region for new listings, with a 31.9% increase.
PrimeSource, which is a leading manufacturer of proprietary brands and a distributor of premier third-party brands, will utilize the location to service New York, New Jersey, Connecticut and Pennsylvania.
“A life is not important except in the impact it has on other lives.” Jackie Robinson
I recently returned from the 2022 National Association of Realtors RPAC President’s Circle Conference, and I must say I was once again blown away by the advocacy efforts at every level of our association. Words cannot express my gratitude for our Realtor community. We came together to fight for what’s right and just in America and in the world. We protect the American Dream and are champions for good and freedom.
It was a tremendous opportunity to hear the latest on NAR priorities and
initiatives as well as from the excellent speakers and panel discussions that were part of the three-day conference (Feb. 24-27) held in Nassau, Bahamas. Thank you to all investors, big and small who helped elect Realtor-championed candidates. A great big thank you to our NAR President 2022 Leslie Rouda Smith for organizing a great conference. I had the privilege of hearing leaders of both political parties. Thank you so much to our state and local association leadership for encouraging us to be involved in giving back to our industry.
Patti Solis Doyle (Hillary Clinton presidential campaign) and Kelly Ann Conway (Trump presidential campaign) shared their experiences and complemented each other on work-life balance while being mothers. Ashley Etienne (VP Harris campaign) motivated the audience and received a bipartisan singing of “happy birthday” for participating at the conference on her special day.
U.S. Senator Menendez (D-NJ) explained the importance of property ownership and the intergenerational wealth transfer that follows. The need for alternative credit scoring modeling to better assess financial responsibility was championed by U.S. Senator Tim Scott (R-SC). NAR Chief Economist Lawrence Yun provided valuable insights into the current home buying and economic trends and the performance of various housing markets.
I’m grateful to former Ambassador Bill Richardson and former Secretary of State Mike Pompeo for their service to the country and for their insights at the conference. A special thank you to all the participants for sharing their time, their knowledge, and their dedication to protecting private property rights throughout our great nation!
I am so humbled and blessed to be just a small part of it all!
To my fellow Realtors, please be a part of the change you want to see. Show up and speak up. Use your voice to effect change.
The 2023 RPAC President’s Circle Conference will be held in Cancun, Mexico on March 6-9, 2023. If you want to know more about this conference and how to get involved in RPAC, please reach out to me!
#RPAC #ThatsWhoWeR #PlatinumR #PresidentsCircle #NAR #NVR #REALTOR #LVR
#voteactinvest
Inventory for all property types declined in almost all areas, except for Rockland’s condo and co-op markets, the latter with an 84.6% gain. The Bronx led the region for new listings, with a 31.9% increase.
Yun noted that a key trend going forward is that for-sale inventory has been increasing of late and is expected to continue next year.
Fernandez, who has served as HGAR’s CEO since September 2023, was among three award winners. She joined HGAR after having served as CEO of the Greater Louisville Association of Realtors.
Overall buyers and sellers should expect to see a more balanced market in 2025, which will require some give and take on both sides.
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