Author Archive

Widespread Affordability Gains for Buyers

The ratio of home prices to household income is a common measure of homebuyer affordability. This metric improved again in 2010 as the median home price fell to about 3.4 times the median household income, the lowest level since...

Profile of Repeat Buyers

The median age of repeat home buyers was 49. The median household income was $87,000. Seventy-nine percent of repeat buyers buyers purchased a single-family home with a median home size of 2,000 square feet. There are several reasons why...

High Income vs. Low Income Motivations

The primary motivation to purchase a home varies between home buyers with an income below $175,000 and those with an income above $175,000. The primary reason among buyers with an income below $175,000 to purchase a home is the...

Heating and Cooling Costs

Energy efficiency is an important feature for home buyers. NAR’s 2010 Profile of Home Buyers and Sellers includes some interesting data about buyers’ preferences for energy efficient features in a home. Study findings show that: Buyers in the East...

Business Activities of Commercial Members

Commercial members completed a median of five transactions in 2010 – this is the same as in 2009, but down from eight transactions in 2008. The median sales transaction volume in 2010 was $1,282,100 (based on calculating a response...