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REALTORS® Reported Strong Buyer Demand and Tight Supply in December 2017

2018-02-15T12:29:57-05:00February 15th, 2018|NAR|

In a monthly survey of REALTORS®, respondents are asked “Compared to the same month last year, how would you rate the past month’s traffic in neighborhood(s) or area(s) where you make most of your sales?” Respondents rate buyer traffic as “Stronger” (100), “Stable” (50), or “Weaker” (0) and the responses are compiled into a diffusion… Continue Reading REALTORS® Reported Strong Buyer Demand and Tight Supply in December 2017

New Books–February 2018

2018-02-15T11:56:04-05:00February 15th, 2018|NAR|

NAR members and Association staff can borrow up to six electronic books, digital audios and/or videos at no cost, through the Virtual Library eBooks Collection. Members can also borrow up to three books for 30 days from the Library Catalog for a nominal fee of $10. Call Information Services at 800.874.6500 for assistance.   High Performance Habits by… Continue Reading New Books–February 2018

Better Ad Blocking? Yes Please! Plus Four More Things You Should Know About

2018-02-14T13:58:30-05:00February 14th, 2018|NAR|

Google’s Valentine’s gift is a big one: starting tomorrow (on February 15), Chrome will block 12 of the most annoying kinds of web site ads. This is MUCH better than flowers and chocolate. The wearables market hasn’t grown as fast as some thought it might, but innovations like this — the first FDA-approved seizure-detecting wearable… Continue Reading Better Ad Blocking? Yes Please! Plus Four More Things You Should Know About

Home Prices at All-Time High in 63 Percent of Metro Areas

2018-02-14T13:29:25-05:00February 14th, 2018|NAR|

We reported yesterday that single-family home prices rose in 92 percent of NAR’s measured markets during the final three months of 2017. Add the 5.3 percent price growth overall last year, and the cumulative price gain nationally since 2011 is an impressive 48 percent. This multi-year streak in price appreciation has been a welcoming sign for… Continue Reading Home Prices at All-Time High in 63 Percent of Metro Areas

Home Buyer Households: Valentine’s Day 2018

2018-02-14T12:27:39-05:00February 14th, 2018|NAR|

Using data from the 2017 Profile of Home Buyers and Sellers we can break down household composition, and the relationship it has to home purchasing choices. Among all recent home buyers, 65 percent were married couples, 18 percent were single females, eight percent were unmarried couples, and seven percent were single males. Three percent of… Continue Reading Home Buyer Households: Valentine’s Day 2018

Infographic: Home is Where the Heart Is

2018-02-13T15:43:10-05:00February 13th, 2018|NAR|

Does your relationship status influence your home buying choices? For Valentine’s Day the National Association of REALTORS® created this infographic highlighting information on how our love lives affect our real estate preferences.   For more information check out the 2017 Profile of Home Buyers and Sellers. Powered by WPeMatico

December 2017 Housing Affordability Index

2018-02-13T12:13:48-05:00February 13th, 2018|NAR|

At the national level, housing affordability is practically flat from last month and down from a year ago. Mortgage rates increased to 4.22 percent this December, up 1.7 percent compared to 4.15 percent a year ago. Housing affordability declined from a year ago in December moving the index down 2.3 percent from 163.8 to 160.1.… Continue Reading December 2017 Housing Affordability Index

Home Sellers Had 2 to 3 Buyer Offers in 2017

2018-02-12T12:26:09-05:00February 12th, 2018|NAR|

In a monthly survey of REALTORS®, seller’s agents who closed a sale are asked “How many offers were received for the most recent property you sold in the past month? Among seller’s agents who closed a sale in December 2017, the respondents reported they received 2.2 offers (which means sellers received between two to three… Continue Reading Home Sellers Had 2 to 3 Buyer Offers in 2017

What Would an Increase in Mortgage Rates Mean for Homebuyers?

2018-02-12T11:00:46-05:00February 12th, 2018|NAR|

Experts forecast that the U.S. economy is in for yet another solid year of strength, albeit not at the same level as in 2017. NAR expects that the mortgage rate for a 30-year fixed mortgage will rise to 4.4 percent in 2018 from 3.9 percent in the last quarter of 2017[1], an increase of 50… Continue Reading What Would an Increase in Mortgage Rates Mean for Homebuyers?

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