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November
5

November 5th, 2017 by

The National Association of REALTORS® (NAR) conducts a survey that gathers monthly information from REALTORS® about local real estate market conditions, characteristics of buyers and sellers, and issues affecting homeownership and real estate transactions. Check out some of the results from the survey below!

Characteristics of Buyers and Sellers

First-time buyers accounted for 29 percent of sales in September of 2017 compared to 34 percent in September of 2016. Twenty percent of sellers in September of 2017 offered incentives such as paying for closing costs. These incentives include paying for closing costs, providing a warranty, undertaking remodeling, and providing appliances.

Issues Affecting Buyers and Sellers

From July-September 2017, 73 percent of contracts settled on time compared to 63 percent in September of 2016....

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Categories: NAR Survey
Tags: home buyers, home sellers, inventory
May
10

May 10th, 2011 by
One of the biggest misconceptions in today's housing market is that homes are not selling. That is simply not true. Last month's Existing Sales Report from the National Association of Realtors (NAR) showed that homes were selling at an "annual rate of 5.10 million". That's an average of 13,973 every day – 365 days a year! And the monthly Pending Sales Report, which measures the number of houses going into contract each month, has showed increases in six of the last nine months prompting Lawrence Yun, NAR's chief economist to say: "Since reaching a cyclical bottom last June, pending home sales have posted an overall gain of 24 percent and demonstrate the market is recovering on its own. The index means modest near-term gains in existing-home sales are likely." We realize that 40% of the sales are distressed...

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Categories: NAR Survey
March
24

March 24th, 2011 by
We have often written on the impact foreclosures and short sales have on the value of the house next door. The Center for Responsible Lending has done great reporting on the subject. It seems distressed properties will be a challenge we will need to deal with for some time. The National Association of Realtors (NAR) released their Existing Sales Report. The report said: Distressed homes – sold at discount – accounted for a 39 percent market share in February, up from 37 percent in January and 35 percent in February 2010. This week, NAR released an Economic Outlook. In the report, they covered the percentage of overall sales that distressed properties represented in each state. Here is a map that accompanied the report:

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Categories: NAR Survey
February
1

February 1st, 2011 by

The National Association of Realtors (NAR) has been reporting great news recently. Last week's Existing Home Sales Report and this week's Pending Sales Report both showed consecutive months of increases in the number of homes sold. Finally, buyers are jumping off the fence and taking advantage of one of the most opportune times to purchase a home in America's real estate history. With an increase in demand, price appreciation can't be far behind, can it? Actually, the answer is NO! Prices are not determined by demand alone but in the relationship of demand to available supply. The inventory of homes for sale is still too high and about to surge higher. Along with the news of increased demand yesterday, RealtyTrac released their 2010 Year-End Metropolitan Foreclosure Market Report. The report showed that distressed properties across the country are on the rise: … foreclosure levels remained five to...

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Categories: NAR Survey

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