U.S. Real Estate Market Rebounds in March
A wide variety of U.S. housing market trends have the potential to impact your relocation program, including rising home prices, low inventory levels, and a growing pressure on the rental market. Check out a recent blog post from Cartus’ sister company, Coldwell Banker Real Estate LLC, citing the National Association of Realtors (NAR) report that home sales rebounded from February to March of this year, and NAR reported a month-over-month sales gain of 5.1% to an annualized rate of 5.33 million homes. Sales were also up year-over-year by 1.5 percent. Markets in the Northeast showed the greatest gains with a year-over-year increase of 7.7%.
While inventory shortages kept the numbers from being even better—inventory levels are at 4.5 months, below the six-month supply considered to be a balanced market—there are many positive indicators. Lower unemployment rates, modest rises in wages, continued low interest rates, and a steady rise in rents are all positive signs of strength for the spring home sale season. For more information on how U.S. housing, rental, and mortgage market trends are impacting relocation, read our latest issue of U.S. Market Watch.
Cartus to Host Worldwide ERC® Webinar on Real Estate Trends
Understanding the trends that impact real estate will help you and your transferring employees succeed in an ever-changing market. Be sure to join Cartus in an upcoming Worldwide ERC® webinar, “Top 10 Evolving Trends Shaping Real Estate (2016 and Beyond)” on Wednesday, June 15 at 2 p.m. EST. In this session, Anthony Cristaudo of Cartus Home Loans and Tom Lacey of Cartus, will share a broad picture of the U.S. housing market, including what’s trending with homebuyers and housing industry predictions. In addition, they will address the nuances of transferee loans in an ever-changing mortgage landscape, and policy considerations moving forward. We invite you to register for this complimentary session today.