Home Buyers Archive

10% Of First-time Buyers Purchased Home With Cash

In July, existing home sales declined from the previous month, maintaining a soft pace. Contract cancellations and delays were partly responsible. With banks retaining tight underwriting standards, many buyers find their mortgage application declined. In addition, appraised values are...

The Widening Gap between New and Existing Home Prices

The price of newly constructed homes refuses to budge downwards.  After hitting the cyclical low of $204,000 in October of 2010, the typical transaction price of new homes has been around $220,000.  In July, the median sold price of...

Seven Out of Ten Renters Say Owning a Home is a Top Priority

This is a guest blog post by Lora McCray, NAR’s Manager of Housing Opportunity. Last month the NAR’s Housing Opportunity program released the findings from its 2011 Housing Pulse Survey, which is an annual survey we conduct to gain...
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August 31, 2011

REALTORS® Report That Buyer And Seller Traffic Continue To Adjust

According to the latest REALTORS® Confidence Index survey, the levels of buyer and seller traffic are closer together than was the case at a similar time in two of the past three years. Buyer interest is relatively flat, while...

REALTORS® Report First-Time Home Buyers Have Declined In Recent Months

According to the latest REALTORS® Confidence Index survey, first-time buyers have declined in terms of numbers and percentages in recent months. Normally, first-time buyers are approximately 40 percent of the Existing Home Sales market; they have recently declined to...