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®.
Based on data from the recently released 2019 Profile of Home Buyers and Sellers, we can see how multi-generation homes are becoming more common and living close to friends and family is more and more important to home buyers.
Counties with public school enrollment gains experienced higher price appreciation in the last 7 years, a NAR analysis shows.
Because of lower mortgage rates, affordability improved in September 2019 despite rising home prices.
Quarterly home prices increased again this past quarter, with 93% of the markets showing home price appreciation.
In NAR's 2019 Member Profile, only 4% of REALTORS® stated that real estate was their first career.
In the small commercial market (less than $2.5 M) that most REALTORS® do business in, REALTORS® reported strong sales and leasing activity for multifamily and industrial properties.
NAR has identified vacation home counties, the least expensive and most expensive areas, and the income profile of buyers who can afford to purchase a vacation home.
This blog post looks at the buying power of the population and the spending behavior by race/ethnicity, as well as explore the psychology of spending money and making financial decisions.
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