WASHINGTON (November 5, 2015) — The share of first–time buyers declined for the third consecutive year and remained at its lowest point in nearly three decades as the overall strengthening pace of home sales over the past year was driven more by repeat buyers with dual incomes, according to an annual survey released today by the National Association of Realtors®. The survey additionally found that nearly 90 percent of all respondents worked with a real estate agent to buy or sell a home; which pushed for–sale–by–owner... Read More
Jessica Lautz, NAR's Director of Survey Research and Communications, discusses the findings from the 2015 Profile of Home Buyers and Sellers.
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.2015.Q3 Survey Highlights
- Sixty-three percent of commercial REALTORS® closed a sale.
- Sales volume rose 7.2 percent from a year ago.
- Sales prices increased 3.8 percent year-over-year.
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- The non-QM share of originations shrank again to just 0.3 percent of production in the 3rd quarter, while the rebuttable presumption share expanded to 6.7 percent.
- Both the share of lenders offering and willingness to extend non-QM and rebuttable presumption loans eased, while willingness to extend plateaued at a high level for prime loans.
- Investor demand slipped sharply in the 3rd quarter with more lenders indicating a “wait and see” strategy with respect to investor takeout.
- Only 20.0 percent of... Read More
WASHINGTON (October 29, 2015) — Pending home sales cooled in September for the second straight month and to their second lowest index reading in 2015, according to the National Association of Realtors®. All four major regions experienced a pullback in activity in September.
The Pending Home Sales Index,* a forward–looking indicator based on contract signings, declined 2.3 percent to 106.8 in September from a slightly downwardly revised 109.3 in August but is still 3.0 percent above September 2014 (103.7). With last month's... Read More
WASHINGTON (October 22, 2015) — Existing–home sales rebounded strongly in September following August's decline and have now increased year–over–year for 12 consecutive months, according to the National Association of Realtors®. All four major regions experienced sales gains in September.
The information from this quiz was taken from the NAR report Real Estate in a Digital Age.
Technology is changing the industry for home buyers and REALTORS® alike, all in ways that make the home buying process easier. This infographic shows how technology is affecting the home buying process for different generations of buyers.More Information
- Read the report on Real Estate in a Digital Age.
- Read the report on Home Buyer and Seller Generational Trends.
... Read More
This infographic contains information from NAR's survey of REALTORS®' use of Small Business Administration loans, education, and training.More Information
One of the important lessons learned in the great recession is that homeowners would benefit from the ability to build equity in their home faster. Equity helps a borrower to refinance during an economic crisis, to save for a trade‐up purchase, to access a business loan, and to shape one’s retirement.
Furthermore, the market will experience changes in the near future that suggest a need for improved equity growth. Balancing the need for more equity with other consumer priorities like affordability is key.
This piece is intended to raise a... Read More
In this video, NAR Chief Economist Lawrence Yun talks about the housing market and its potential for further growth, what to expect in the fall and winter months, and he explains the price declines over the past couple of months.More Information
WASHINGTON (September 28, 2015) — Pending home sales retreated in August but remained at a healthy level of activity and have now risen year–over–year for 12 consecutive months, according to the National Association of Realtors®. A modest increase in the West was offset by declines in all other regions.
In this video, NAR Research staff talk about how home buyers are using technology when they're preparing to buy a home. The findings come from a new report called Real Estate in a Digital Age.More Information