In NAR's 2019 Member Profile, only 4% of REALTORS® stated that real estate was their first career.
Housing market activity this September fell 2.2% from August 2019. September's sales of existing homes increased 3.9% from September 2018.
In the small commercial market (less than $2.5 M) that most REALTORS® do business in, REALTORS® reported strong sales and leasing activity for multifamily and industrial properties.
NAR has identified vacation home counties, the least expensive and most expensive areas, and the income profile of buyers who can afford to purchase a vacation home.
This blog post looks at the buying power of the population and the spending behavior by race/ethnicity, as well as explore the psychology of spending money and making financial decisions.
In all states except North Dakota and Illinois, more respondents reported an increase than a decrease in buyer traffic, with “very strong” homebuying activity in Idaho, Wyoming, and Wisconsin.
August’s pending home sales pace was up 1.6% from last month and rose 2.5 % from a year ago.
The “Inclusionary Zoning Implementation Amendment Act of 2006” helped improve Washington, DC housing affordability requiring that new housing developments include units that are affordable for low-income households.
August's sales of existing homes increased 2.6% from August 2018. August's existing home sales reached a 5.49 million seasonally adjusted annual rate.
Amid tight supply, home prices are still appreciating in many areas, with home prices rising at a faster pace in less expensive metro areas and rising at a slower pace or even falling in more expensive metro areas.