Can Arlington County, VA, and Long Island City, NY, accommodate the influx that will be created by Amazon's new headquarters?
In the last 12 months, most of LinkedIn members who lived in the 20 largest metropolitan areas moved from a more affordable place to a less affordable place.
Properties sold most quickly in South Dakota (20 days), Idaho (21), Washington (21 days), Rhode Island (21 days), Indianapolis (22 days), Kansas (23), Massachusetts (23), Ohio (23), Utah (23), Colorado (24), Nevada (24), Nebraska (24), Maine (24), and Michigan (24).
Mortgage rates rose to 4.77% this September, up 14.9% compared to 4.15% a year ago.
Prices continued to rise, with 93% of the markets showing home price appreciation.
The median expected price change in the next 12 months nationally is about two percent.
Only five percent of REALTORS® stated that real estate was their first career in the 2018 Member Profile.
Homebuying Demand Still Strong in Job-Creating Affordable States According to NAR September 2018 Survey
Based on REALTORS® who reported about their transactions in September 2018, home buying activity slowed compared to the level of activity one year ago on a national level.
The comparison indicates that the housing market is less likely to suffer the huge price decline that prevailed from 2005 through 2012.
Eighty-one percent of respondents reported that home prices remained constant or rose in September 2018 compared to levels one year ago (85 percent in September 2017).
Search Economists' Outlook