Author Archive

Wealth Gains from Homeownership across Metro Areas in 2018

Homeownership has been associated with positive social outcomes[1], and is also the largest source of wealth among homeowning households. In 2016, the median net worth among homeowners was $231,400, with housing wealth making up 85 percent of wealth (average...

Multi-family Rental Market Still Strong in Many Metros in 2019

The U.S. rental vacancy rate edged slightly higher to 7.1 percent in 2018 Q3, but this is still below the 7.5 percent vacancy rate in 2017 Q3.  The U.S. rental vacancy rate averaged 9.6 percent from 2000 Q1 through...

Homeowners Remain Reluctant to Move/Sell as of January 2019

REALTORS® reported that seller traffic weakened in January 2019 compared to conditions one year ago. The REALTORS® Seller Traffic Index registered 42 in January 2019, according to NAR’s January 2019 REALTORS® Confidence Index Survey.[1] A  level below 50 indicates...

REALTORS® Expect Modest Price Growth of 2 Percent in 2019

About 3,000 REALTORS® who responded to NAR’s REALTORS® Confidence Index Survey in January 2019 expect home prices to typically appreciate in the next 12 months at modest pace of two percent on a national scale. In 2018, the median...

Home Buying Conditions by State in January 2019

Homebuying activity was essentially unchanged in January 2019 compared to one year ago, according to NAR’s January 2019 REALTORS® Confidence Index Survey.[1] The REALTORS® Buyer Traffic Index registered 52 in January 2019, just slightly above 50, a level that...