Inventory and months’ supply are both indicators of housing supply. How do they affect the real estate market?
The dollar volume of land sales and land prices per acre rose across all land types during the 12-month period of October 2018–September 2019.
The aspiring buyer faces record-breaking low inventory levels, rising rents, and student debt loads that make it difficult to save. But for some, there is a way that does help: they turn to the trusted bank of mom and dad.
Eighty-four percent of respondents reported that home prices remained constant or rose in December 2019 compared to a year ago.
Housing market activity in December 2019 increased 3.6%, a 5.54 million seasonally adjusted annual rate.
At the national level, housing affordability conditions improved in November 2019 compared to last a year ago and modestly rose compared to October.
70% of all REALTORS® volunteer in their community, and the typical REALTOR® who volunteers is 53 years old.
When buying a home, most buyers focus on the down payment costs, but budgeting also needs to be done for closing costs.
Overall, buyers’ ages have jumped from a median of 31 in 1981 to 47 in 2019. While many attribute that increase to the rising age of first-time buyers, there is more to the story.
Owners typically stay fewer years in their homes in metro areas with a high concentration of new residents, a NAR analysis shows.