The real estate sector will hold up very well because of the rate cut.
January’s pending home sales pace rose 5.2% last month and increased 5.7% from a year ago.
Housing market activity this January declined 1.3% from December 2019, but January’s sales of existing homes improved 9.6 % from January 2019.
Every month NAR produces existing home sales, median sales prices, and inventory figures. Let's take a look at the market in the last 10 years, from 2009 through 2019.
At the national level, housing affordability conditions improved in December 2019 compared to a year ago and fell modestly compared to November.
The latest month’s decline in housing starts is nothing to be concerned about.
In the spirit of Presidents Day, data from the 2019 Profile of Home Buyers and Sellers shows how the typical home differs from the White House.
Using data from the 2019 Profile of Home Buyers and Sellers we can break down household composition, and the relationships it has on home purchasing choices.
Only 53% of first-time buyers are married couples. Single buyers and unmarried couples are buying homes more frequently than they did in the past.
Prices continued to rise, with 94% of the markets showing home price appreciation. Eighteen metro areas experienced double-digit growth in the fourth quarter.
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