Home Sales Archive

Did You Know: Pent Up Demand Among Young Adults Could Boost Home Sales by 200,000

In 2012, there were more than 71 million young adults aged 18 to 34 living in the US—more than the roughly 69 million when the baby-boomers were in this age group in the mid-1980s. The share of adults under...

Impact of Rising Mortgage Rates on Home Sales

Mortgage rates will continue to rise. They will probably be near 5 percent by this time next year, compared to the 3.5 percent average of the past 12 months. The rates will be even higher in 2015 and 2016....

Higher Home Sales with Falling Homeownership Rate

Home buyers have emerged and home sales have been pushed higher. Existing home sales rose by 9 percent in 2012 and are higher still by another 9 percent in 2013 year-to-date. New home sales – always the more cyclical...

Foot Traffic: Diffusion Index

Every month SentriLock, LLC. provides NAR Research with data on the number of properties shown by a REALTOR®.  Foot traffic has a strong correlation with future contracts and home sales, so it can be viewed as a peek ahead...

Mortgage Purchase Applications

In each Economic Update, the Research staff analyzes recently released economic indicators and addresses what these indicators mean for REALTORS® and their clients. Today’s update discusses mortgage purchase applications....