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 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)  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. 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 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
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