Author Archive

Most REALTORS® Expect “Strong” Market Conditions in the Next Six Months Based on November 2017 Survey

In the monthly REALTORS® Confidence Index (RCI) Survey, the National Association of REALTORS® asks members “What are your expectations for the housing market over the next six months compared to the current state of the market in the neighborhood(s)...

61 Percent of First-time Buyers Made a Low Downpayment in November 2017

Among first-time buyers who purchased a property through a mortgage in December 2016–November 2017, 61 percent, on average, made a zero to six percent downpayment, according to the November 2017 REALTORS® Confidence Index Survey. The share of first-time buyers...

REALTORS® Reported Strong Buyer Traffic in Many States in October 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 Do REALTORS® Expect Highest 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?” The...

Foreclosures on the Decline, with Large Inventory in New York, New Jersey, and Florida

Sales of distressed properties accounted for four percent of sales in October 2017, a decline from a peak of about 50 percent in 2009, according to the  October 2017 REALTORS® Confidence Index Survey.  From October 2008-October 2017, NAR estimates...