Survey Finds Hidden Costs of Homeownership

(TNS)—Your day burns brightly on both ends. You prod your kids out of bed at daybreak, get them dressed, fed and off to school. You drive to work, endure meetings, colleagues, power lunches, memos and strategy sessions, only to return home through gridlocked traffic...

Home Buyer Households: Valentine’s Day 2018

Using data from the 2017 Profile of Home Buyers and Sellers we can break down household composition, and the relationship it has to home purchasing choices. Among all recent home buyers, 65 percent were married couples, 18 percent were single females, eight percent...

December 2017 Housing Affordability Index

At the national level, housing affordability is practically flat from last month and down from a year ago. Mortgage rates increased to 4.22 percent this December, up 1.7 percent compared to 4.15 percent a year ago. Housing affordability declined from a year ago in...

Buyers Entering the Market Solo Struggle

Accumulating a down payment is a struggle—and even more so for singles, according to a new report. Singles are facing more than 10 years of saving, assuming they make a 20 percent down payment on a median-priced property, an analysis by Zillow reveals. Conversely,...

Home Sellers Had 2 to 3 Buyer Offers in 2017

In a monthly survey of REALTORS®, seller’s agents who closed a sale are asked “How many offers were received for the most recent property you sold in the past month? Among seller’s agents who closed a sale in December 2017, the respondents reported they received 2.2...

What Would an Increase in Mortgage Rates Mean for Homebuyers?

Experts forecast that the U.S. economy is in for yet another solid year of strength, albeit not at the same level as in 2017. NAR expects that the mortgage rate for a 30-year fixed mortgage will rise to 4.4 percent in 2018 from 3.9 percent in the last quarter of...

December 2017 EHS Over Ten Years

Every month NAR produces existing home sales, median sales prices and inventory figures. The reporting of this data is always based on homes sold the previous month and the data is explained in comparison to the same month a year ago. We also provide a perspective of...

December 2017 Pending Home Sales

NAR released a summary of pending home sales data showing that December’s pending home sales pace was up 0.5 percent last month and up 0.5 percent from a year ago. Pending sales represent homes that have a signed contract to purchase on them but have yet to close....