In the spirit of President’s Day we can use data from the 2018 Profile of Home Buyers and Sellers to see how the typical home differs from the White House. Typical Home Purchased in the U.S. 86% of buyers purchased a previously owned home, with 82% of buyers choosing a detached single-family home. Looking by first-time and […] Brandi Snowden, Research Survey Analyst
Using data from the 2018 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, 63 percent were married couples, 18 percent were single females, nine percent were single males, and eight percent were unmarried couples. Four percent of […] Brandi Snowden, Research Survey Analyst
At the national level, housing affordability is up from last month but down from a year ago. Mortgage rates were unchanged from last month at 4.99 percent this December, and up 18.2 percent compared to 4.22 percent a year ago. Housing affordability declined from a year ago in December moving the index down 8.4 percent […] Michael Hyman, Research Data Specialist
NAR released a summary of pending home sales data showing that December’s pending home sales pace was down 2.2 percent last month and fell 9.8 percent from a year ago. Pending sales represent homes that have a signed contract to purchase on them but have yet to close. They tend to lead existing-home sales data […] Michael Hyman, Research Data Specialist
There were many new additions this year to NAR’s 2018 Commercial Member Profile, and among them was a look at commercial member’s primary service area and the type of property with which they work year around. Of NAR’s commercial members, 51 percent worked in sales, 16 percent in leasing, 12 percent in investment, and nine […] Amanda Riggs
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