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Interactive Maps: Median Age of Home Buyers (2003-2013)

September 28, 2014

The median age of First-Time Home Buyers was 31 years old in 2013, but it differs slightly each year. The maps below show the median age of home buyers at the state-level for the past decade (2003-2013). There is an obvious increase in the median age since 2003, specifically for 2006 and beyond. In 2011, the median age of home buyers reached its highest value. In addition, First-Time Home Buyers exhibit greater stability in median age than Repeat Home Buyers.

Latest Data on International Trade and International Homebuyers

September 28, 2014

Both imports and exports are rising much faster than the broader economy. That means more companies are seeing faster sales growth to foreign buyers than to U.S. domestic buyers. A greater interaction with foreign economies, in turn, will mean increased demand for U.S. real estate by foreigners.

Video: Existing-Home Sales Slow Slightly in August

September 28, 2014

In this video, NAR Chief Economist Lawrence Yun says that the likely reason for the slight decline in existing-home sales in August is that investors are stepping out of the market. He talks about why this might be happening, as well as about inventory, the Federal Reserve, modest price appreciation, and rising rents.

Infographic: August 2014 Existing-Home Sales

September 28, 2014

The information in this infographic is from August 2014 Existing-Home Sales data.

See more data.

Read the news release about this data.

Existing-Home Sales Slightly Lose Momentum in August as Investor Activity Declines

September 28, 2014

WASHINGTON (September 22, 2014) – After four consecutive months of gains, existing-home sales slipped in August as investors paying in cash retreated from the market, according to the National Association of Realtors®. Sales increases in the Northeast and Midwest were outweighed by declines in the South and West.

Total existing-home sales 1, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, decreased 1.8 percent to a seasonally... Read More

Millennials and the American Dream

September 28, 2014

According to a report by The Demand Institute, Millennials are expected to form 8.3 million households in the next five years, and they want to be home owners. 75% believe home ownership is an important long-term goal and 73% believe ownership is an excellent investment. 24% already own their home and an additional 60% plan to buy a home in the future.

Infographic: Steady Growth in Austin

September 28, 2014

For more details on Austin or your local market see the full list of Local Market Reports.

Infographic: Foot Traffic August 2014

September 28, 2014

Foot traffic continued to improve in August 2014, and was higher than foot traffic in August 2013, due in part to low mortgage rates.

Read more about foot traffic.

REALTOR® University Speaker Series Presentation: Financial Reform and Monetary Policy in the Wake of the Global Financial Crisis

September 28, 2014

This presentation is from a talk given by Dr. Anthony Elson, Economist and Professor at John Hopkins and Duke Universities, in which he gives a thorough overview of the current financial situation and what oversight should be put in place following the bubble and the Great Recession.

This presentation is part of the REALTOR® University Speaker Series.

Watch the video of Dr.... Read More

REALTOR® University Speaker Series Presentation: Heartland Renewal? Immigrants, Their Children, and the Baby Boomer Transition

September 28, 2014

This presentation is from a talk given by Dr. Rolf Pendall, Director of the Metropolitan Housing and Communities Policy Center for the Urban Institute. In the talk, he discussed the heartland renewal, the importance of the immigrant population in the recovery of the housing market, and what falling household formation means for the country.

This presentation is part of the REALTOR® University Speaker Series.

... Read More

REALTOR® University Speakers Series Presentation: Long-Term Vacant Housing in the United States

September 28, 2014

This presentation is from a talk given by Dr. Raven Molloy, Senior Economist for the Federal Reserve Board of Governors. In it, she discusses Long-Term Vacant Housing in the United States, how it is calculated, and what it means for the health of housing supply and the housing market.

This presentation is part of the REALTOR® University Speaker Series.

Watch the video of Dr. Molloy's talk... Read More

REALTOR® University Speaker Series Presentation: The Economy & Commercial Real Estate

September 28, 2014

This presentation is from Dr. Calvin Schnure's talk about the commercial market outlook for 2014 and the trends of 2013. He speaks about REITs (Real Estate Investment Trusts) and talks about what they are, how they work and perform, and why they're important to the commercial real estate industry.

This presentation is part of the REALTOR® University Speaker Series.

Watch the video of Dr... Read More

Slideshow: Top 10 Metro Area Median Home Price Increases 2013 Q2 to 2014 Q2

September 28, 2014

The median existing single-family home price increased in 71 percent of measured markets, with 122 out of 173 metropolitan statistical areas (MSAs) showing gains based on closings in the second quarter compared with the second quarter of 2013. Forty-seven areas (27 percent) recorded lower median prices from a year earlier.

See more median home price data for metro areas.

Read the news release... Read More

Consumer Confidence: Highest in Nearly Seven Years

September 28, 2014

Consumers are feeling much better and more confident in recent months: the consumer confidence index in August rose to the highest mark in nearly seven years. Such a trend could lead to improvement in home sales and boost demand for retail commercial spaces.

Net Worth of Homeowners vs. Renters

September 28, 2014

In the past 15 years, the net worth of the typical homeowner has ranged between 31 and 46 times that of the net worth of the typical renter.

Infographic: July 2014 Existing-Home Sales

September 28, 2014

The information in this infographic is from July 2014 Existing-Home Sales data.

See more data.

Read the news release about this data.

Infographic: Top Five Affordable Cities for Millennial Homebuyers

September 28, 2014

Faced with a challenging job market and student debt, it can be hard for Millennials to save for a downpayment on a house. This infographic contains information about the five U.S. cities which are most affordable for Millennials who want to buy a home.

See more information about Millennial home buyers.

2014 Q2 Commercial Real Estate Market Survey

September 28, 2014

The REALTORS® Commercial Real Estate Market Survey measures quarterly activity in the commercial real estate markets. The survey collects data from commercial REALTORS®. The survey is designed to provide an overview of market performance, sales and rental transactions, along with current economic challenges and future expectations.

2014.Q2 Survey Highlights
  • 64% of commercial REALTORS® closed a sale.
  • Sales volume rose 7% from a year ago.
  • Sales prices increased 3% year-over-year.
  • Cap rates averaged 8.3% during Q2.... Read More

REALTOR® University Speaker Series Presentation: The Metropolitan Revolution

September 28, 2014

These slides are from a presentation given by Brookings Institute Fellow Jennifer Bradley. In her talk, she discusses the Metropolitan Revolution, what is necessary to create centers of innovation, and why Detroit is a surprising example of a revolution in action.

This presentation is part of the REALTOR® University Speaker Series.

See the video of Ms. Bradley's lecture.

2014 Q1 Commercial Real Estate Market Survey

September 28, 2014

The REALTORS® Commercial Real Estate Market Survey measures quarterly activity in the commercial real estate markets. The survey collects data from commercial REALTORS®. The survey is designed to provide an overview of market performance, sales and rental transactions, along with current economic challenges and future expectations.