According to Science Journal, the internet took over multichannel global communications almost instantaneously, transmitting one percent of information in 1993, 51 percent by 2000, and 97 percent by 2007. The internet’s prominence in the real estate industry has a similar progression.

Macroeconomic conditions downshifted in the third quarter of this year. Real gross domestic product (GDP) advanced at an annual rate of 2.1 percent, according to the Bureau of Economic Analysis’s second estimate. The gain remained below the long-run historical average of 3.0 percent.

Active military and veterans comprised 21 percent of all home buyers in 2015 ̶ a sizable subset worth exploring their purchasing preferences, according to NAR’s 2015 Profile of Home Buyers and Sellers report released in November 2015.

This blog post was written by George Ratiu, Director of Quantitative & Commercial Research and Erin Fitzpatrick, Research Intern....

Using data from the 2014 Profile of Home Buyers and Sellers and 2013 Home Features Survey we can break down household composition, and the relationship it has to home purchasing choices.

Earlier this week, we looked at the FHFA and Case-Shiller release focusing on national data trends.  Today, we’ll dig a bit deeper to look at more local data at the regional, state, and city or MSA level.

Last week NAR released median home price information that showed gains of 4.9 percent in July 2014 home prices compared to July 2013. This gain was slightly higher than the 3.7 percent seen in June and notably slower than double-digit price growth in summer/fall 2013.

Last week NAR released existing home sales and median home price information that showed gains of 9.1 percent in prices in February 2014 compared to February 2013, notably slower than trends in early summer/fall 2013 when price growth topped a double-digit pace.