• How Many Active Listings Can you Afford to Buy in the 100 Largest Metro Areas?

      Find out how many of the homes which are currently listed for sale you can afford to buy based on your income. A typical household earning about $51,000[1] can afford to buy 36% of homes for sales in the United States, according to the REALTORS® Affordability Distribution Curve and Score (RADCS). The tool below, updated […] Nadia Evangelou, Research Economist

    • July 2018 Housing Affordability Index

      At the national level, housing affordability is up from last month but down from a year ago. Mortgage rates rose to 4.75 percent this July, up 14.7 percent compared to 4.14 percent a year ago. Housing affordability declined from a year ago in July moving the index down 8.2 percent from 151.2 to 138.8. The […] Michael Hyman, Research Data Specialist

    • Homes Typically Sold in 27 Days in July 2018

      Amid strong demand compared to homes for sale, REALTORS® reported that properties were typically on the market for 27 days, a shorter time compared to one year ago (30 days) and about the same level during the prior month (26 days), according to the  July 2018 REALTORS® Confidence Index Survey.[1] During the May–July 2018, properties […] Scholastica (Gay) Cororaton, Research Economist

    • Labor Day 2018: Celebrating Hard-Working REALTORS®

      Looking at data from the 2018 Member Profile we recognize REALTORS® for their hard work and successes this Labor Day. Sixty-five percent of REALTORS® are licensed as sales agents, 21 percent as brokers, 15 percent as broker associates, and two percent as appraisers. The majority of REALTORS® specialize in residential brokerage at 70 percent, with commercial brokerage […] Brandi Snowden, Research Survey Analyst

    • Prices of Homes for Sale Typically Increased in 81 Percent of Metro Areas in July 2018

      Amid tight supply, home prices are still increasing although at a slower pace. Nationally, the median price of existing homes sold in July 2018 rose to $269,600, up 4.5% from one year ago, but slower than the 5.7% appreciation in 2017. As another indicator, the median list prices of homes listed on Realtor.com increased in […] Scholastica (Gay) Cororaton, Research Economist