In a monthly survey of REALTORS®, respondents reported that properties were typically on the market for 32 days (34 days on year ago), according to the September 2018 REALTORS® Confidence Index Survey. However, the difference in median days in the current month compared to the same month last year has started to narrow as homebuying […] Scholastica (Gay) Cororaton, Research Economist
At the national level, housing affordability is up from last month but down from a year ago. Mortgage rates rose to 4.77 percent this September, up 14.9 percent compared to 4.15 percent a year ago. Housing affordability declined from a year ago in September moving the index down 8.4 percent from 160.1 to 146.7. The […] Michael Hyman, Research Data Specialist
The National Association of REALTORS® reported that quarterly home prices increased again this past quarter. Prices continued to rise, with 93% of the markets showing home price appreciation. While, single-family home price growth is slowing and median family incomes are rising, affordability has been declining. Knowing the mortgage rates and the qualifying incomes for down […] Michael Hyman, Research Data Specialist
In a monthly survey of REALTORS®, respondents are asked “In the neighborhood(s) or area(s) where you make the most sales, what are your expectations for residential property prices over the next year?” Among approximately 3,000 REALTORS® who answered this question in the September 2018 REALTORS® Confidence Index Survey, the median expected price change in the […] Scholastica (Gay) Cororaton, Research Economist
Only five percent of REALTORS® stated that real estate was their first career in the 2018 Member Profile. Most commonly, members held previous full-time careers in management/business/financial sector (16 percent), and sales/retail (16 percent). Respondents are able to select from a list of options that best represents their previous career. For 19 percent of REALTORS®, […] Brandi Snowden, Research Survey Analyst
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