Did You Know Archive

The Down Payment Challenge and the Typical Renter

Tight credit characterizes the current housing environment. Buyers with large down payments are reported to have the bidding edge for houses. However, 60 percent of first–time buyers made a down payment of 6 percent or less as of February...

Median Income: Family vs. Household

Did you know: “Typical” income for a household or family varies based on the type of family you’re interested in describing. Typical income can be measured in a variety of ways. Analysts often use median household income to indicate...

REALTOR® Comments on Housing Market Issues in Latest RCI Survey

Every month REALTORS® provide a variety of comments on the state of the market when responding to the RCI survey. In general, REALTORS® noted in the February report that uncertainty about economic conditions, rising prices, weather, the limited inventories...

Highlights: 2014 Investment and Vacation Home Buyers Survey

On Wednesday, NAR released its annual Investment and Vacation Home Buyers Survey, covering existing- and new-home transactions in 2013. The press release can be found here, with highlights and select charts from the report below: Vacation home sales rose...

Fewer First-time Buyers Obtaining Mortgages With Low Down Payment

NAR’s REALTORS® Confidence Index Survey data shows that fewer first-time buyers are obtaining mortgages with down payment of 6 percent or less [1]. In 2009, among REALTORS® who reported a sale to a first-time home buyer, 74 percent of...