Home prices are continuing to rise across the country, inching closer in many areas to within 10 percent of their home price peaks, CoreLogic reports.
Each year, the National Association of REALTORS®' Research department provides members with a wealth of statistical information in the reports and data releases it produces, from market data to home buyer and seller statistics to member information. This slideshow provides a snapshot look at some of the most popular reports and statistics produced by NAR in 2013.
On Oct. 31, NAR's Smart Growth Program released the latest version of its Consumer Preference Survey, which aims to shed light on the characteristics that people desire in their neighborhood and the trade-offs folks are willing to make to live in that preferred setting. At its core, the survey pits a traditional suburban community with separated-land uses necessitating driving to destinations vs. a smart growth community with a mix of land uses where walking, biking, and transit are viable for most trips. We also asked a battery of questions on various transportation modes and the... Read More
Properties are staying on the market longer, based on the days on market information reported by REALTORS® in the October REALTOR® Confidence Index Survey. The median days on the market was 54 days (50 days in September), up from its lowest point of 37 days in June 2013. Short sales were on the market the longest, at 93 days, compared to foreclosed properties (44 days) and non-distressed properties (53 days). Local conditions vary.
Twenty-nine percent of respondents to the October 2013 REALTOR® Confidence Index Survey reported that the government shutdown had a temporary effect on ongoing transactions. Other data indicated that the shutdown also apparently impacted buyer confidence to some degree for future transactions. Overall the impact was noticeable but somewhat lower than feared.
On Tuesday, November 19, NAR Research held a Twitter Chat to discuss the highlights from the newly released 2013 Profile of Home Buyers and Sellers. Research's Director of Member and Consumer Survey Research, Jessica Lautz, discussed the latest info and trends from this always popular annual report, responding to 140 character-or-less questions as they filtered in. The discussion was lively and informative, and thanks to all who participated.
A low number of homes for sale is pushing home prices up to double-digit gains year-over-year, the National Association of REALTORS® reports.
A survey of real estate practitioners shows a slowdown in market activity, but some practitioners say it's a "welcome brake" on price growth.
In this video, NAR Chief Economist Lawrence Yun says that although Pending Home Sales numbers are down from last month, they are still healthy, which means that the housing market is still in recovery.
He also talks about the influence of the Federal Reserve on the housing market, how the rise in rents relates to interest rates and homeownership, and the possibility that the low rate of mortgage loan defaults could cause the banking and finance sector to offer more loans, opening potential for increased home purchases.
WASHINGTON (November 25, 2013) – Although conditions were mixed across the country, pending home sales continued to move lower in October, marking the fifth consecutive monthly decline, according to the National Association of Realtors®.
The Pending Home Sales Index,* a forward-looking indicator based on contract signings, slipped 0.6 percent to 102.1 in October from an upwardly revised 102.7 in September, and is 1.6 percent below October 2012 when it was 103.8. The... Read More
WASHINGTON (November 22, 2013) – Commercial real estate leasing patterns are showing steady but modest growth, according to the National Association of Realtors® quarterly commercial real estate forecast.
Lawrence Yun, NAR chief economist, projects only modest changes in the coming year. “Jobs are the key driver for commercial real estate, and the accumulation of 7 million net new jobs from the low point a few years ago is steadily... Read More
WASHINGTON (December 20, 2013) – Existing-home sales declined for the second consecutive month in October, while constrained inventory means home prices continue to see double-digit year-over-year gains, according to the National Association of Realtors®.
In this webinar playback, NAR's Director of Member and Consumer Survey Research Jessica Lautz discusses the highlights of the recently released 2013 Profile of Homebuyers and Sellers.
This video, part of the REALTOR® University Speaker Series, contains the highlights of Dr. Lisa Sturtevant’s talk on the Paycheck-to-Paycheck tool, which compares wages and housing costs in 207 metro areas, median home prices and the income needed to afford them as well as median incomes for 76 different occupations. This tool has applications for the REALTOR® community, in that:
- A local association could bring the information to discussions with their Chamber of Commerce or city developers on the comparative advantages of focused occupation-... Read More
This video, part of the REALTOR® University Speaker Series, contains Dr. Lisa Sturtevant’s full talk on the Paycheck-to-Paycheck tool, which compares wages and housing costs in 207 metro areas, median home prices and the income needed to afford them as well as median incomes for 76 different occupations. This tool has applications for the REALTOR® community, in that:
- A local association could bring the information to discussions with their Chamber of Commerce or city developers on the comparative advantages of focused occupation-relevant... Read More
This is a presentation of the results, by buyer type, of a survey conducted with home buyers who purchased a home between July 2012 and June 2013.
The buyer types are:
- Married with Kids
- Single Female
- Single Male
- Unmarried Couple
- First-time Buyers
- Repeat Buyers
- Buyers Purchasing Multi-Generational Housing
- Buyers Purchasing Senior or Active Adult Community Housing
The presentation also includes information on demographic change since 2010, downsizing, and the importance of commuting costs.
This is a presentation of the results, by sub-region of the U.S., of a survey conducted with home buyers who purchased a home between July 2012 and June 2013.
The sub-regions are:
- New England (ME, NH, VT, MA, RI, CT)
- Middle Atlantic (NY, PA, NJ)
- East North Central (WI, MI, IL, IN, OH)
- West North Central (ND, SD, MN, NE, IA, KS, MO)
- South Atlantic (DE, WV, MD, DC, VA, NC, SC, GA, FL)
- East South Central (KY, TN, MS, AL)
- West South Central (OK, AR, TX, LA)
- Mountain (MT, ID, WY, NV, UT, CO, AZ, NM)
- Pacific... Read More
This presentation was given by Jessica Lautz, Director of NAR Member and Consumer Survey Research, at an education session at the 2013 REALTORS® Conference & Expo in San Francisco, CA, on November 8, 2013.
This presentation was given by Lawrence Yun, Ph.D., NAR Chief Economist, to the Residential Real Estate Forum at the 2013 REALTORS® Conference & Expo in San Francisco, CA, on November 8, 2013.
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.
NAR conducts an annual survey of... Read More