First-time Buyers Sidelined by Lack of Supply and Rising Prices

Lack of homes available for sale and the concomitant rise in prices appears to be sidelining many first-time potential homebuyers in 2018. In the first two months of 2018, first-time buyers made up only 29 percent of home buyers compared to 32 percent in the same...

Consumer Confidence Retracts

Consumer confidence retracted in March, posting a 127.7 reading in the latest Consumer Confidence Index® from The Conference Board. February’s reading was 130. The Expectations reading of the Index, which gauges how consumers feel about their business, employment and...

Investors Still Active: 15 Percent of Homebuyers in February 2017

Despite rising prices, the share of investor and vacation home buyers has held steady in the past two years, with investors making up 15 percent of existing home buyers in February 2018, according to the February 2018 REALTORS® Confidence Index Survey. Why are...

5 Things a Federal Reserve Interest Rate Hike Means for Your Wallet

(TNS)—Consumers tend to pay far more attention to the swings in their March Madness brackets than the latest moves by the Federal Reserve. The reality is the Fed’s action will have a more lasting impact on your wallet. The Fed moved to raise rates by 25 basis points,...

February 2018 Pending Home Sales

NAR released a summary of pending home sales data showing that February’s pending home sales pace was up 3.1 percent last month and down 4.1 percent from a year ago. Pending sales represent homes that have a signed contract to purchase on them but have yet to close....

Home-Selling Can Come With $18,000-Plus Price Tag

Are you a homeowner listing your property for sale? Consider the expenses that are often overlooked by sellers: cleaning costs, moving costs, painting, staging… “Even in the hottest housing markets in the country, selling a home takes time and costs money,”...

January 2018 Housing Affordability Index

At the national level, housing affordability is up from last month but down from a year ago. Mortgage rates dipped to 4.27 percent this January, down 2.5 percent compared to 4.38 percent a year ago. Housing affordability declined from a year ago in January moving the...

February 2018 Existing-Home Sales

NAR released a summary of existing-home sales data showing that housing market activity this February bounced back 3.0 percent from last month and rose 1.1 percent from last year. February’s Existing-Home sales reached 5.54 million seasonally adjusted annual rate. The...

Buyers Have High Hopes for Spring

Getting Equipped to Win Buyers are flocking to the market this spring, with high hopes even as they face a frenzy of multiple-offer situations, according to new realtor.com® research. Currently, inventory is down 8.5 percent year-over-year. In addition to the buyers...