The share of first-time buyers has been improving, although slowly, from less than 30% in 2013.
Millennials as a whole made a median of $38,800 in annual income in 2016 and have a median student loan debt of $41,200 in the same year.
The median sales price for a single family home sold in July in the US was $260,600 up 6.3 percent from a year ago.
Existing-home sales dropped 1.3% in July from one month prior while new home sales declined 9.4%.
The foot traffic volume index (SAAR) rose 3.4% in August relative to a month earlier, the second consecutive increase.
Staging a home before listing it for sale on the market could have a price increase of up to five or 10 percent.
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.
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