At the national level, housing affordability is down from last month and down from a year ago.
Foreign buyers, typically purchased properties that are more expensive than properties purchased by domestic buyers.
Proximity to the home country, the presence of relatives, friends and associates, job and educational opportunities, and climate and location appear to be important considerations in deciding where to purchase a property.
California’s five metropolitan areas have become one of the 10 most expensive places for homebuyers.
Despite the slowdown in Chinese economic growth and tighter regulations on outflows of foreign exchange, Chinese foreign buyers remained as the top foreign buyer of U.S. residential property.
Americans have been cutting back on vehicle purchases in 2017 after having reached a 17.8 million annualized pace in the fourth quarter of last year.
Foreign buyer purchases accounted for 5% of existing home sales, and 10% of the dollar volume of existing-home sales.
For everyday practitioners, simple raw counts of home sales are often more meaningful than the seasonally adjusted figures. The raw count determines income and helps better assess how busy the market has been.
We divided the number of new jobs (ending in June 2017) by the number of single-family units permitted in 2016 to find out.
Despite all the changes technology has made in the housing market, the tradition of the Sunday open house is still alive and growing.