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Sales to First-Time Buyers: 32 Percent of Sales in August 2015

First-time home buyers accounted for 32 percent of existing-home sales in August 2015 (28 percent in July 2015; 29 percent in August 2014): August 2015 REALTORS® Confidence Index Survey.12 Sustained net job creation, a low interest rate environment with...

Credit Conditions Continue Tighter than Normal

REALTORS® have reported that credit conditions remain generally tight, with significant loan processing delays: August 2015 REALTORS® Confidence Index Survey. One indicator of credit tightness is the distribution of FICO scores on approved loans. About 53 percent of REALTORS®...

REALTORS® Reported Slower Buyer and Seller Traffic in August 2015

REALTORS® generally reported “strong” demand amid “weak” supply conditions in their local markets in the August 2015 REALTORS® Confidence Index Survey.[1] The REALTORS® Buyer Traffic Index registered at 60 (62 in July 2015; 55 in August 2014). Buyer traffic is...

Sales to First-Time Buyers: 28 Percent of Sales in July 2015

First-time home buyers accounted for 28 percent of existing home sales in July 2015 (30 percent in June 2015; 29 percent in July 2014), according to the July 2015 REALTORS® Confidence Index Survey report.12 REALTORS® reported that homes are increasingly...

43 Percent of Properties Were on the Market for Less than a Month in July 2015

Properties that closed in July 2015 were typically on the market for at 42 days (34 days in June 2015; 48 days in July 2014), according to the July 2015 REALTORS® Confidence Index Survey Report. 11 Days on market typically increase...