At the national level, housing affordability is up from last month and up from a year ago. The effective 30-year fixed mortgage rate was down from last month at 3.62% this July, and down nearly one percentage point compared to 4.75% a year ago.
Looking at data from the 2019 Member Profile we recognize REALTORS® for their hard work and successes this Labor Day.
What has changed over the past seventeen years, with the increase in technology used in the business of real estate?
Eighty percent of respondents reported that home prices remained constant or rose in July 2019 compared to levels one year ago (86 percent in July 2018).
The U.S. Black homeownership rate today is lower than it was in 1968 when the Fair Housing Act, part of the landmark Civil Rights Act, was signed into law.
There are four home construction methods being used today: Site-built, Manufactured, Modular, and Panel.
Comparing June of 2009 to June 2019, the median price of a home increased in the US and all the four regions.
At the national level, housing affordability is up from last month and up from a year ago. Mortgage rates were down from last month at 3.84% this June, and down nearly one percentage point compared to 4.77% a year ago.
In July 2019, the NAR Health Insurance Survey was sent via email to a random sample of 57,990. It received 2,296 completed responses (with a total of 3,693 responses) and has a response rate of 3.95 percent. Here are the highlights of the survey, looking at health care coverage of NAR Members for 2019.
Prices continued to rise, with 91% of the markets showing home price appreciation. Single-family home price growth is steady, median family incomes are rising modestly, inventory levels are low and affordability has been declining.