Homes Typically Sold in 30 Days Under Tight Supply Conditions in August 2017
Amid strong demand and tight supply, REALTORS® reported that properties that sold in June–August 2017 were typically on the market for less than 31 days in 29 states and in the District of Columbia, according to the August 2017...
September 22, 2017
Potential First-time Buyers Still on the Sidelines
First-time buyers accounted for 31 percent of buyers who closed a sale in August 2017, according to the August 2017 REALTORS® Confidence Index Survey.[1] The share of first-time buyers has been improving, although slowly, from less than 30 percent...
September 21, 2017
Student Loan Debt Adversely Affecting Millennials
In NAR’s first report on student loan debt in 2016, survey respondents were among a wide age range, from Millennials to Generation X to Baby Boomers and the Silent Generation. This year, the Student Loan Debt and Housing Report...
September 21, 2017
August 2017 Existing-Home Sales
NAR released a summary of existing-home sales data showing that housing market activity this August slipped 1.7 percent from last month but modestly improved 0.2 percent from last year. August’s existing-home sales reached 5.35 million seasonally adjusted annual rate....
September 20, 2017
July 2017 Housing Affordability Index
At the national level, housing affordability is up from last month but down from a year ago. Mortgage rates increased to 4.14 percent this July, up compared to 3.77 percent a year ago. Housing affordability declined from a year...
September 15, 2017