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...

Metro Areas Most Affected by the New Tax Law

Based on the new tax law, there is no change for capital gains on the sale of a home and deductibility of interest paid for a second home[1]. However, the new law[2] affects the deductibility of mortgage interest and...

Instant Reaction: October Owners’ Gains Forecast

The S&P CoreLogic Case-Shiller National Index shows that U.S. prices of single-family homes continue to rise. The national index level in October reached a new high and is up 6.2 percent from a year earlier.  But what does this...

Drop in Time on Market to Sell a Home

In 2017, the time on market plummeted to an all-time low—at just three weeks—to sell a home. Last year, we had seen the time on market to sell a home reach a historical low at just four weeks. In...
December 21, 2017