October's pending home sales pace was down 1.7% last month, but rose 4.4% from a year ago.
The South and Midwest regions have accounted for an increasing fraction of existing home sales since 2012 while the shares of the North and West regions have declined, according to the October 2019 existing home sales estimates of the National Association of REALTORS®.
Based on data from the recently released 2019 Profile of Home Buyers and Sellers, we can see how multi-generation homes are becoming more common and living close to friends and family is more and more important to home buyers.
Counties with public school enrollment gains experienced higher price appreciation in the last 7 years, a NAR analysis shows.
Existing-home sales rose 1.9% in October 2019, after falling in September. Sales rose 4.6% from October 2018.
Because of lower mortgage rates, affordability improved in September 2019 despite rising home prices.
Quarterly home prices increased again this past quarter, with 93% of the markets showing home price appreciation.
September’s pending home sales pace was up 1.5% last month and rose 3.9% from a year ago.
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.
