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NAR Identifies Best Purchase Markets for Aspiring Millennial Homebuyers

November 20, 2014

WASHINGTON (July 24, 2014) – First-time homebuyers have been largely absent from the housing market in the current economic recovery, but some metropolitan areas – particularly in the Midwest and West – are well positioned to see increases in home-buying from the Millennial generation in upcoming years, according to new research by the National Association of Realtors®.

NAR analyzed current housing conditions, job creation and population trends in metropolitan statistical areas1 across the U.S. to... Read More

Infographic: Best Purchase Markets for Millennial Homebuyers

November 20, 2014

Where are the best markets for aspiring Millennial homebuyers? New NAR research identifies ten metropolitan areas that have a young adult population with solid job growth rates and relatively affordable home prices.

  • Austin already has a large number of Millennials while job growth remains strong.
  • Dallas has a large number of Millennials living in the city and strong job growth.
  • Denver has seen a solid... Read More

Infographic: June 2014 Existing-Home Sales

November 20, 2014

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

See more data.

Read the news release about this data.

Existing-Home Sales Up in June, Unsold Inventory Shows Continued Progress

November 20, 2014

WASHINGTON (July 22, 2014) – Existing-home sales increased in June and reached an annual pace of 5 million sales for the first time since October 2013, while rising inventory continues to push overall supply towards a more balanced market, according to the National Association of Realtors®.

Total existing-home sales1, which are completed... Read More

New Rule Protects Consumers, but Instills Caution

November 20, 2014

New lending rules (ATR/QM rule) that went into effect on Friday, January 10th, 2014 requires that originators make a good faith effort to verify a borrower’s ability to repay their mortgage and imposes stiff penalties if they do not. These rules make sense to protect the consumer, but can also give lenders pause.

Quiz: International Home Buying

November 20, 2014

The information in this quiz comes from the 2014 Profile of International Home Buying Activity.

Get the report.

Read the news release about the report.

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

November 20, 2014

In this video, which is part of the REALTOR® University Speaker Series, Dr. Anthony Elson, Economist and Professor at John Hopkins and Duke Universities, gives a thorough overview of the current financial situation and what oversight should be put in place following the bubble and the Great Recession.

See the presentation slides.

Infographic: Home Sales by Intended Use 2003-2013

November 20, 2014

This infographic shows home sales by intended use: primary residence, vacation property, and investment property for the years 2003-2013.

The data in the infographic comes from the 2014 Investment and Vacation Home Buyers Survey.

See more data.

Read the news release about the survey.

Infographic: Visualizing Geographic Mobility by Region: 2006-2013

November 20, 2014

Within the wider context of regional economics, geographic mobility allows households to move from one area of the country to another for such things as more attractive job opportunities or better housing options. Over a period of time, movement of households limits the regional disparities of income and unemployment that would occur if moving was less frequent.

The above interactive dashboard lets you visualize Migration and Geographic Mobility data at the national and regional level collected from 2006 through 2013 as part of the Current Population Survey (CPS). Specifically, the... Read More

2014 Profile of International Home Buying Activity Infographic

November 20, 2014

We live in a global marketplace. While all real estate is local, not all property buyers are. A significant share of home purchases are made by people whose primary residence is outside of the U.S. Find out which are the top five countries of origin for foreign buyers of U.S. homes, which states are attracting international buyers, and how these buyers are using the services of REALTORS®. This year's Profile examines purchases of real estate in the United States by international clients for the twelve-month period ending in March 2014.

... Read More

Key Facts: International Home Buying Activity

November 20, 2014

This blog post contains highlights from the 2014 Profile of International Home Buying Activity.

International Home Buyers Continue to Invest in Profitable U.S. Market, Realtors® Report

November 20, 2014

WASHINGTON (July 8, 2014) – Favorable exchange rates, affordable home prices and rising affluence abroad continue to drive international buyers to the U.S. to purchase properties and make real estate investments.

According to the National Association of Realtors®2014 Profile of International Home Buying Activity , for the period April 2013 through March 2014, total international sales have been estimated at $92.2 billion, an increase from the previous... Read More

Housing Market Forecast

November 20, 2014

The housing market is beginning to roar back. Existing home sales have risen for two straight months after suffering declines since the summer months of last year. The pending contracts also show robust gains, implying home sales will further rise over the near term. Also there is sizable pent-up housing demand looking to emerge. The timing is uncertain, but the pent-up demand implies home sales have much room to rise over the next few years.

REALTORS® Price Expectations by State in Next 12 Months

November 20, 2014

Expected price movements depend on local conditions relating to housing demand and supply, demographics, and job growth. The difficulty in accessing mortgage financing and modest expectations about overall economic and job prospects are factors underpinning the modest price expectation. The expected price growth was highest in states with low inventory levels, strong cash sales, and strong growth sectors (e.g., technology, oil).

Pending Sales Post Solid Gain in May 2014

November 20, 2014

In this video, NAR Chief Economist Lawrence Yun talks about the "virtuous cycle" that could be created by rising inventory, the rise in employment, and rise in sales in the coming months. He also discusses affordability, mortgage rates, and underwriting standards.

Pending Home Sales Surge in May

November 20, 2014

WASHINGTON (June 30, 2014) — Pending home sales rose sharply in May, with lower mortgage rates and increased inventory accelerating the market, according to the National Association of Realtors®. All four regions of the country saw increases in pending sales, with the Northeast and West experiencing the largest gains.

The Pending Home Sales Index,* a forward-looking indicator based on contract signings, increased 6.1 percent to 103.9 in May from... Read More

The 5 Lowest-Cost U.S. Housing Markets in 2014 Q1

November 20, 2014
More Information

Local Market Reports

NAR Research produces a series of Local Market Reports (LMRs) which provide insights into the fundamentals and direction of the nation's largest metropolitan housing markets. Each report evaluates a number of factors affecting home prices, including:

  • The health of the local job market
  • Foreclosure rates
  • Housing inventory
  • Debt-to-income and mortgage-servicing-costs-to-income ratios

... Read More

Is Student Debt Impacting the Housing Market?

November 20, 2014

Student loan debt is a growing concern for REALTORS®, because of its impact on household formation. What is NAR doing to address the issue of growing student debt? NAR's 2014 President, Steve Brown explains in his latest video.

The 49 percent of Americans who assess that having too much debt from college or student loans is a huge obstacle to home ownership is from National Association of REALTORS®, Housing Pulse Survey, July 2013.

The 29... Read More

The 5 Most Expensive U.S. Housing Markets in 2014 Q1

November 20, 2014
More Information Local Market Reports

NAR Research produces a series of Local Market Reports (LMRs) which provide insights into the fundamentals and direction of the nation's largest metropolitan housing markets. Each report evaluates a number of factors affecting home prices, including:

  • The health of the local job market
  • Foreclosure rates
  • Housing inventory
  • Debt-to-income and mortgage-servicing-costs-to-income ratios
... Read More