Based on REALTORS® who reported about their transactions in August 2018, home buying activity slowed compared to the level of activity one year ago, according to the  August 2018 REALTORS® Confidence Index Survey.  The REALTORS® Buyer Traffic Index[1] slid to 57 in August 2018 from 69 one year ago. To be clear, homebuying activity was […] Scholastica (Gay) Cororaton, Research Economist

NAR released a summary of existing-home sales data showing that housing market activity this August was steady yet flat from last month, and dropped 1.5 percent from last year. August’s existing-home sales maintained a 5.34 million seasonally adjusted annual rate. The national median existing-home price for all housing types was $264,800 in August, up 4.6 […] Michael Hyman, Research Data Specialist

The REALTORS® Confidence Index (RCI) [1] survey gathers monthly information from REALTORS® about local real estate market conditions, characteristics of buyers and sellers, and issues affecting homeownership and real estate transactions.[2] This report presents key results about market transactions from August 2018. View and download the full report here. Market Conditions and Expectations The REALTORS® […] Karen Belita, Data Scientist

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

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