REALTORS® reported that properties that sold in May–July 2017 were typically on the market for less than 31 days in 29 states and in the District of Columbia.
Sixty-five percent of REALTORS® are licensed as sales agents, 22% as brokers, 15% as broker associates, and 2% as appraisers.
The median annual gross income for all commercial members was $120,800 in 2016, an increase from $108,800 in 2015.
Home prices have been appreciating in the face of tight supply of homes for sale.
A new volume index for foot traffic was created by aggregating the total traffic each month from a panel of REALTOR® boards from across the United States.
A seller leaseback, also called a sale leaseback or rent back, is a transaction in which the seller sells the property and then leases back the property from the new owner.
The national index level in June reached a new high and is up 5.8% from a year earlier.
In the wake of the great recession, the housing market hit historic lows with prices falling roughly 30% and home sales falling by more than half.
Fannie Mae recently raised the cap on its maximum debt-to-income (DTI) ratio to 50%. Will it help?
An increasing share of foreign buyers are purchasing property in a central city/suburban area, while fewer foreign buyers are purchasing property in a resort area.
Search Economists' Outlook