Let’s take a look at important financial literacy indicators and how a low level of financial literacy may be contributing to the current wealth gap, the variation in homeownership among ethnic groups, and the importance of financial literacy in addressing these issues.
REALTORS® reported that seller traffic weakened in January 2019 compared to conditions one year ago.
REALTORS® responding to a January 2019 survey expect home prices to typically appreciate in the next 12 months at modest pace of two percent on a national scale.
First-time buyers accounted for 29 percent of sales (29 percent in January 2018).
Homebuying activity was essentially unchanged in January 2019 compared to one year ago.
In the spirit of President’s Day, we can use data from the 2018 Profile of Home Buyers and Sellers to see how the typical home differs from the White House.
Using data from the 2018 Profile of Home Buyers and Sellers we can break down household composition, and the relationship it has to home purchasing choices.
At the national level, housing affordability is up from last month but down from a year ago.
In 2017, NAR commercial members sold a median of nine industrial properties and eight office spaces.
Seventy-five percent of survey respondents reported that home prices remained constant or rose in December 2018 compared to levels one year ago (90% in December 2017).