Except in two states, REALTORS® reported that buyer conditions were “stable” (unchanged) to “very strong” compared to conditions one year ago.
During the November 2017–January 2018, properties typically sold within one month in Washington, California, Nevada, Utah, Colorado, Nebraska, Minnesota, Michigan, Kentucky, New Hampshire, Massachusetts, and the District of Columbia.
Home inspection was the most common buyer contingency, and getting the correct appraisal and obtaining financing were next most common.
According to a survey of REALTORS® who responded to the January 2018 REALTORS® Confidence Index Survey, 34 percent of properties that closed in January 2018 sold at or above the list price.
Of REALTORS® who reported a sales contract that either closed or terminated in January 2018, 75% reported that the contract was settled on time.
Eighty-nine percent of survey respondents reported that home prices remained constant or rose in January 2018 compared to levels one year ago (88% in January 2017).
Here is some insight on how Americans can invest their tax return and how first-time home buyers may look to invest long term.
In the spirit of President’s Day we can use data from the 2017 Profile of Home Buyers and Sellers to see how the typical home differs from the White House.
Using data from the 2017 Profile of Home Buyers and Sellers we can break down household composition, and the relationship it has to home purchasing choices.
Mortgage rates increased to 4.22 percent this December, up 1.7 percent compared to 4.15 percent a year ago.
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