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Share of First-time Buyers Held Steady at 32% in 2017 as Home Prices Continue to Increase under Tight Supply

First-time buyers accounted for 32 percent of all buyers of existing homes in December 2017, also the full-year average, according to the December 2017 REALTORS® Confidence Index Survey.[1] Compared to 2016, the share held steady, even as home prices...

Residential and Commercial Sales Bolstered Land Market in 2017

The dollar volume of U.S. land sales rose at a stronger pace of 4% percent in the months of October 2016‒September 2017 compared to levels in the prior 12-month period[1], according to respondents in the 2017 Land Market Survey...

REALTORS® Reported Strong Buyer Traffic but Weak Supply in Many States in November 2017

In a monthly survey of REALTORS®, respondents are asked “Compared to the same month last year, how would you rate the past month’s traffic in neighborhood(s) or area(s) where you make most of your sales?” Respondents rate buyer traffic...

In Which States Did Properties Sell Most Quickly in November 2017?

Amid strong demand and tight supply, REALTORS® reported that properties that sold in November 2017 were typically on the market for 40 days in November 2017, down from 43 days compared to November 2016, according to the  November 2017...

REALTORS® Expect Nearly 3% Home Price Growth in the Next 12 Months

In the monthly REALTORS® Confidence Index Survey, the National Association of REALTORS® asks members “In the neighborhood or area where you make most of your sales, what are your expectations for residential property prices over the next year?” Among...