WASHINGTON (October 20, 2016) — Existing-home sales rebounded strongly in September and were propelled by sales from first-time buyers reaching a 34 percent share, which is a high not seen in over four years, according to the National Association of Realtors®. All major regions saw an increase in closings last month, and distressed sales fell to a new low of 4 percent of the market.
In this video, REALTORS® talk about how they use the Profile of Home Buyers and Sellers, now celebrating its 35th year.
The information from this quiz was taken from the Remodeling Impact Report: Outdoor Features.
For most home buyers, the purchase of real estate is one of the largest financial transactions they will make. Buyers purchase a home not only for the desire to own a home of their own, but also because of changes in jobs, family situations, and the need for a smaller or larger living area. This annual survey conducted by the NATIONAL ASSOCIATION OF REALTORS® of recent home buyers and sellers provides insight into detailed information about their experiences with this important transaction. Here are highlights from the latest report.
- At 30 percent, the primary reason for... Read More
WASHINGTON (October 18, 2016) – When the first Profile of Home Buyers and Sellers was introduced 35 years ago by the National Association of Realtors®, mortgage rates were over four times higher than they are today and first-time buyers made up a much larger share of overall sales (44 percent). Over time, homebuyer tastes and behaviors have changed, yet many have stayed the same. In anticipation of the 2016 survey release on October 31, NAR has identified five noteworthy real estate trends since the survey’s inception.
NAR’s Profile of Home Buyers... Read More
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This infographic compares data from the past 35 years of the Profile of Home Buyers and Sellers to data from the latest report. Follow #NARHBSat35 on your social channels for more.More Information
- Read the news release about the 35th anniversary of NAR's Profile of Home Buyers and Sellers
NAR analyzed employment gains, population trends, income levels and housing conditions in the largest 100 metropolitan statistical areas across the country to identify the best purchase markets for millennial homebuyers.
The top 10 metro areas NAR identified were chosen for their above-average share of current millennial residents and recent movers, favorable employment opportunities and relatively low qualifying incomes needed to purchase a homeDownload and share this slideshow or the individual postcard infographic images.
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When considering a remodeling project, most homeowners think of renovating their kitchen or redoing a bathroom, but maybe they should be looking to the outdoors for an upgrade. According to research by the National Association of REALTORS® outdoor remodeling projects not only add value to a house on resale, they also increase the amount of enjoyment owners derive from their homes.
It is important to decide ahead of time what the prime objective of a remodel is: added financial value or added enjoyment. If recouping the costs of a project on resale is the goal, seeding lawn can... Read More
WASHINGTON (September 29, 2016) — After bouncing back in July, pending home sales cooled in August for the third time in four months and to their lowest level since January, according to the National Association of Realtors®.
The Pending Home Sales Index,* a forward-looking indicator based on contract signings, declined 2.4 percent to 108.5 in August from a downwardly revised 111.2 in July and is now slightly lower (0.2 percent) than August 2015 (108.7). With last month's decline, the index is now at its second lowest reading... Read More
In this video, NAR Chief Economist Lawrence Yun discusses the effects of price growth and low inventory on pending home sales, and gives his forecast for the rest of the year.More Information