Employment may be on the road to recovery with the majority of markets showing growth. Indeed, 43 states and the District of Columbia saw a decline in the unemployment rate over the last year.
Archives for June 2011
Existing-Home Sales Decline in May with Market Constraints, Temporary Conditions
Existing-home sales were down in May as temporary factors and financing problems weighed on the market, according to the National Association of Realtors®.
First CIVIX Payment Complete
Under the terms of an agreement between NAR and CIVIX-DDI, LLC, MLSs may purchase licenses under the CIVIX patents to avoid claims of patent infringement. NAR had to obtain payment for MLS license agreements covering 275,938 subscribers for a total payment to CIVIX of at least $2.5 million. NAR reached the first milestone of the $2.5 million. All associations/MLSs applying for a patent license by June 16 will receive a license. Look for your license to arrive in the mail after July 4. Those still interested in a license can apply to be in the second group by submitting the application form, payment, and license agreement to NAR no later than July 11. Click here for more information.
Outlook Shows Markets Stabilizing
May’s Commercial Real Estate Outlook report reveals signs that commercial real estate markets are stabilizing, and job creation is boosting demand for commercial space. The economy should add between 1.5 million and 2 million jobs annually in 2011 and 2012, with the unemployment rate falling to 8 percent by the end of next year. More >
