The apartment demand that has surged during the pandemic continued to soar to a decade-high level as of 2021 Q3, with net absorption of nearly a million units (932,910) since 2020 Q2 and nearly a quarter of a million units in the past 12 months as of 2021 Q3. The vacancy rate has fallen to a decade low of 4.5%, and the asking rent has soared to a historic high of 10.5% as well.

At the national level, housing affordability increased for the second consecutive month in August compared to the previous month according to NAR's Housing Affordability Index.

WASHINGTON (September 22, 2021) – Existing-home sales retreated in August, breaking two straight months of increases, according to the National Association of Realtors®. Each of the four major U.S. regions experienced declines on both a month-over-month and a year-over-year perspective.

Total existing-home sales,1 https://www.nar.realtor/existing-home-sales, completed transactions that include single-family homes, townhomes, condominiums ...

The U.S. Supreme Court voted 6-3 yesterday to end the Centers for Disease Control and Prevention’s (CDC’s) eviction moratorium, citing the CDC’s lack of authority to issue such a ban without Congressional authorization. Oregon landlords no longer need to abide by the CDC eviction moratorium.  However, Oregon still has many laws in ...

A common question from NAR members is: What is the association doing to ensure REALTORS® remain competitive with industry disruptors?