At the national level, housing affordability conditions improved in January 2020 compared to last a year ago and rose compared to December 2019.
Nationwide, 37% of the millennial renters can afford to buy the typical home compared to 40% of Gen X renters.
Single female buyers accounted for the second-largest segment of the homebuyers at 17%, right after married couples. NAR identified the metro areas with the highest homeownership rates for single women.
The coronavirus is leading to fewer homebuyers searching in the marketplace, as well as some listings being delayed.
Economic activity early in the year usually provides useful clues about the future. Let’s take a deeper look at some of the economic factors expected to affect the housing market at the national and local levels.
Single female homebuyers have historically been second only to married couples since 1981. They are a celebrated force in the home buying market, and are currently 17% of the buying market.
Another fabulous month of job creations in America.
In recognition of the economic, political, and social achievements of women, NAR takes a look at the profile of women REALTORS® using the 2019 Member Profile.
Property taxes paid by homeowners are used by counties and states to provide critical services and infrastructure such as police services, fire services, schools, roads and highway construction, and other uses that vary by jurisdiction.
The real estate sector will hold up very well because of the rate cut.
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