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Chinese buyers remained as the top foreign buyer of U.S. residential property, according to NAR’s recently released 2018 Profile of International Activity in U.S. Residential Real Estate. [1],[2] Chinese buyers accounted for 15 percent of foreign buyer purchases during the period April 2017-March 2018, which is about the same as the share in the past… Continue Reading Chinese Buyers Still #1, According to NAR 2018 International Survey

The National Association of REALTORS® released the 2018 Profile of International Transactions in U.S. Residential Real Estate, which profiles top five countries of origin for foreign home buyers and how these buyers are utilizing the services of REALTORS®. Check out this infographic highlighting some of the report’s findings?   View the whole release here. Powered by… Continue Reading Infographic: 2018 Profile of International Transactions in U.S. Residential Real Estate

Foreign buyers purchased $121.0 billion of existing homes from April 2017—March 2018, a 21 percent decline from the past period’s level, according to NAR’s recently released 2018 Profile of International Activity in U.S. Residential Real Estate.[1],[2] Foreign buyers accounted for eight percent of the $1.6 trillion existing home sales during the same period, a decrease… Continue Reading Foreign Buyer Residential Purchases Decline to $121 B, According to NAR 2018 International Survey

First-time homebuyers accounted for 31 percent of all home sales transactions of REALTORS® in May 2018, according to the  May 2018 REALTORS® Confidence Index Survey. The share of first-time buyers has hovered at about this level for most of the housing market’s recovery since 2012. The share of first-time buyers not increased even with the… Continue Reading 25-34-Year-Old Population Has Been Rising, But Not Household Formation

On the global front, the past year has experienced an improvement in economic conditions. It was not long ago that developed economies were grappling with economic weakness, as central banks reached for unprecedented negative interest rates to stem the declines in output. However, from the midpoint of 2016, world economies have regained their footing and… Continue Reading About one-in-five REALTORS® closed a commercial sale for international clients

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 Population and Employment Growth Fuel Homebuying in the West and South States

National Association of Realtors® President Elizabeth Mendenhall released the following statement regarding President Trump’s nomination of Kathy Kraninger as the next director of the Bureau of Consumer Financial Protection: “In addition to working at the Office of Management and Budget alongside Bureau of Consumer Financial Protection Acting Director Mick Mulvaney, Kathy Kraninger has decades of… Continue Reading NAR Statement on Kathy Kraninger Nomination for BCFP Director

The median sales price of all existing homes sold rose to its highest level in May 2018, to $264,800. This peak price exceeds the housing bubble peak of $230,400 in July 2006. The median sales price of existing homes sold has been trending up (on a year-on-year basis) in the past 75 months since March… Continue Reading Median Prices Rose to Highest Level, But Inflation-Adjusted Prices Still Below Bubble Peak

Younger Boomers, buyers aged 53 to 62 years, made up 18 percent of all home buyers in 2017. The median age for this group was 58 years old and they were born between 1955 and 1964. This age group was the most likely to purchase a multi-generational home at 20 percent. Their reasons for purchasing… Continue Reading Younger Boomers: Purchased Multi-Generational Homes