Items Tagged with 'NAR'

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Existing home sales grow at highest pace in 9 years

Housing market still needs more recovery
Despite rising home prices and lack of inventory, existing home sales in May grew at their fastest pace in almost a decade. Not everyone, however, sees this as good news for the market. Zillow's chief economist points out that, while encouraging, the market still has a long way to go.
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[Factsheet] The difference between military and non-military homebuyers and sellers

Shareable infographic tells it all
Serving in the military dictates many home buying and selling decisions for active-duty members, and continues to have residual effects — both positive and negative — for veterans. This week's HousingWire factsheet uses data from the National Association of Realtors' latest profile of homebuyers and Sellers to show just how different their housing decisions are.
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NAR survey shows how college, student debt affect homeownership

Many Millennials delaying homeownership
Millennials are delaying homeownership, with many waiting a couple years after graduating before choosing to finally move out on their own. According to a new survey by the National Association of Realtors, this delay is due to student debt. While paying off their student loans, borrowers can’t afford to buy a home, here’s why.
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[Factsheet] An infographic of the 10 hottest housing markets that’s actually helpful

Because Millennials do want homes
There are 75 million Millennials – wow. Talk about competition. To help alleviate some of the pain points in shopping for a home, HousingWire rejiggered data from the National Association of Realtors in order to bring you this fun and informative fact sheet on the 10 hottest housing markets for Millennials.
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Here are the 10 hottest housing markets for Millennials looking to buy

A smoother path to homeownership
With a solid job under your belt and a hopefully growing savings account, you’re ready to dabble in the world of real estate. The only problem is that locking in a home you want for the price you want isn’t that easy. But you’re not completely out of luck. The National Association of Realtors compiled a list of the top 10 metro areas for young homeowners, including cities that should be in your price range.
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Pending home sales surge to 10-year high

Seller's market overcomes industry roadblocks
Despite tight inventory and affordability concerns, Pending home sales still increased for the third consecutive month in April, surging to the highest level in over a decade. Here's why Lawrence Yun, National Association of Realtors' chief economist, said sales are beating the odds.
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Existing home sales manage to increase two months straight

Overcomes low inventory, rising home prices
Last month's existing home sales marked a real rebound in sales after choppiness in activity this year from unevenness in the rate of new listings coming onto the market. Turns out, existing homes sales managed to do it again, moving higher for the second consecutive month despite rising home prices and low housing inventory.
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[Infographic] Here’s what today’s Realtor looks like

Lots of new faces
There are nearly 1.2 million Realtors in the workforce, with more people opting into the real estate profession this year than in the past. Some of the demographic trends typical of Realtors over the years are still present, but there are a few new trends starting to take off as well.
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Despite odds, existing-home sales on track to best year in a decade

NAR forecast for 2016
The positive recent news for existing-home sales is predicted to last through the whole year, meaning 2016 could the best year in a decade. Lawrence Yun, chief economist of the National Association of Realtors, presented his strong outlook for 2016 at this year's Realtors Legislative Meetings & Trade Expo. Here's more of why Yun is so bullish.
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