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.
Housing market activity this November fell 1.7%. November’s sales of existing homes increased 2.7% from November 2018.
At the national level, housing affordability conditions improved in October 2019 compared to last a year ago but slightly fell compared to September, according to NAR’s Housing Affordability Index.
October's pending home sales pace was down 1.7% last month, but rose 4.4% from a year ago.
The South and Midwest regions have accounted for an increasing fraction of existing home sales since 2012 while the shares of the North and West regions have declined, according to the October 2019 existing home sales estimates of the National Association of REALTORS®.