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Land Market Shows Slow But Steady Growth in 2018, According 2018 RLI-NAR Land Survey

With rising interest rates and commodity prices still depressed, land sales and land prices continued to increase, although at a modest pace, during October 2017 – September 2018, according to the 2018 Land Market Survey of the REALTORS® Land...

Properties Typically on the Market for Longer Days in November 2018

In a monthly survey of REALTORS®, respondents reported that properties were typically on the market for 42 days (36 days in October 2018; 40 days in November 2017), according to the  November 2018  REALTORS® Confidence Index Survey.[1]  Properties are...

First-time Homebuyers Increase to 33 Percent of Market in November 2018

First-time homebuying activity appeared to have picked up in November 2018, according to NAR’s  November 2018 REALTORS® Confidence Index Survey, a monthly survey of  REALTORS® about their monthly transactions. First-time homebuyers made up 33 percent of residential home sales...

Can Homeowners Cope with Lower Home Prices?

With interest rates on the rise, home prices have started cooling off.[1] On the one hand, the cooling of home prices in high-priced metro areas makes a home purchase more affordable, saving households nearly $50/month on a median-priced home.[2]...

With Higher Mortgage Rates, REALTORS® Expect Slightly Weaker Market Conditions Over the Next Six Months According to NAR October 2018 Survey

With interest rates on the rise, REALTORS® expect the housing market to slightly weaken over the next six months compared to current conditions, according to NAR’s  October 2018 REALTORS® Confidence Index Survey. For the first time since January 2012,...