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 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
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
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. During the May–July 2018, properties […] Scholastica (Gay) Cororaton, Research Economist
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
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
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