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Smaller US cities are increasingly becoming hotspots for commercial real estate demand, with South Carolina showing high future potential and St. George, Utah, leading individual metropolitan markets, according to a new index by the National Association of Realtors.
An economist from the National Association of Realtors (NAR) forecasts that the median home-sale price in the US could reach $1 million by 2050. Data from NAR shows the median sale price of an existing home was $429,300 in June.
The National Association of Realtors' (NAR) Commercial Real Estate (CRE) Demand Index has indicated a shift in momentum across various metropolitan areas.
Getty Images; iStock; Tyler Le/BI Buying a first home is generally considered a young person's game. If your 20s are for stumbling through adulthood, then your 30s are for settling down with a family and a mortgage. Your 40s are for reaping the fruits of that labor: as you watch your home equity swell, maybe you think about splurging for more bedrooms and a bigger yard. A report released last fall by the National Association of Realtors upended this basic assumption. For several decades, the...
The National Association of Realtors has released a new index that identifies areas with the highest commercial real estate demand, based on local economic factors.