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Real Estate
Danushka Nanayakkara-Skillington

State-Level GDP in the First Quarter of 2022

Real gross domestic product (GDP) decreased in 46 states and the District of Columbia in the first quarter of 2022. New Hampshire, Vermont, Massachusetts, and Michigan saw modest GDP growth. According to the U.S. Bureau of Economic Analysis (BEA), the percent change in real GDP ranged

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Real Estate
Nat. Assn. of Realtors

Pending Home Sales Edge Higher 0.7% in May

WASHINGTON (June 27, 2022) – Pending home sales crept higher in May, ending a six-month streak of declines, according to the National Association of Realtors®. Regionally, month-over-month results were mixed as the Northeast and South experienced increases while the Midwest and West posted decreases. Year-over-year

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Real Estate
Nat. Assn. of Realtors

Existing-Home Sales Fell 3.4% in May; Median Sales Price Surpasses $400,000 for the First Time

WASHINGTON (June 21, 2022) – Existing-home sales retreated for the fourth consecutive month in May, according to the National Association of Realtors®. Month-over-month sales declined in three out of four major U.S. regions, while year-over-year sales slipped in all four regions. Total existing-home sales,1 https://www.nar.realtor/existing-home-sales,

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Real Estate
Nat. Assn. of Realtors

NAR Applauds FHFA Equity Plan for GSEs

WASHINGTON (June 8, 2022) – The Federal Housing Finance Agency (FHFA) released finalized equity plans Wednesday for Fannie Mae and Freddie Mac. According to the FHFA, the plans are intended to “address barriers experienced by renters, aspiring homeowners, and current homeowners before, during, and after

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Real Estate
Nat. Assn. of Realtors

NAR Applauds New HUD Program Prioritizing Housing Supply

WASHINGTON (June 2, 2022) – The Department of Housing and Urban Development (HUD) announced its “Our Way Home” initiative this week to connect communities across the country with the resources needed to combat the nation’s housing supply shortage. The following is a statement from NAR

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Real Estate
Jing Fu

GDP Unexpectedly Decreases in the First Quarter

In the first quarter of 2022, real GDP declined for the first time since the pandemic recession, as inflation surged to a 40-year high and supply chain disruptions remain persistent. This quarter’s decrease reflected a deceleration in private inventory investment, decreases in exports and government

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