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.
NAR Chief Economist Lawrence Yun’s reaction to this morning’s U.S. Bureau of Labor Statistics (BLS) report on employment in January 2020.NAR Chief Economist Lawrence Yun’s reaction to this morning’s U.S. Bureau of Labor Statistics (BLS) report on employment in January 2020.
Among all respondents, 53% reported they expect business to go up and 30% reported they expect no change in the volume of their business.
Inventory and months’ supply are both indicators of housing supply. How do they affect the real estate market?