Browsing Posts In: Home Sales

April 3, 2017 Posted by: Nadia Evangelou, Research Economist

While total housing inventory continues to fall year-over-year for the last 21 months, more markets are turning into a sellers’ market. Under limited inventory conditions, sellers get more confident. The increased demand exceeds the existing supply, which means that more buyers are seeking to purchase properties than there are available homes on the market. As […]

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Posted by: Nadia Evangelou, Research Economist

While total housing inventory continues to fall year-over-year for the last 21 months, more markets are turning into a sellers’ market. Under limited inventory conditions, sellers get more confident. The increased demand exceeds the existing supply, which means that more buyers are seeking to purchase properties than there are available homes on the market. As […]

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May 26, 2015 Posted by: Jed Smith, Managing Director, Quantitative Research

Amid tight inventory in most states, properties that closed in April 2015 were typically on the market for a relatively short period of time at 39 days (52 days in March 2015; 48 days in April 2014)[1], according to the April 2015 REALTORS® Confidence Index Survey. Short sales were on the market for the longest […]

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April 28, 2015 Posted by: Danielle Hale, Director of Housing Statistics

Today, Case Shiller released their housing price index data for February 2015 which showed that house prices rose 4.8 percent from February one year ago for the 10-city composite vs. 4.3 percent in January and 5.0 percent for the 20-city composite vs. 4.5 percent in January.  The national index showed a gain of 4.2 percent […]

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April 3, 2015 Posted by: Scholastica (Gay) Cororaton, Research Economist

In the February 2015  REALTORS® Confidence Index Survey, NAR asked  REALTORS® what problems they encountered in their most recent contract that either went into settlement or was terminated in the past 3 months.    Among contracts that were terminated (7 percent of REALTORS® reported contracts that went into settlement or were terminated), the major problem […]

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April 2, 2015 Posted by: Scholastica (Gay) Cororaton, Research Economist

In a monthly REALTORS® Confidence Index Survey, NAR asks REALTORS®  “For the last house that you closed in the past month, how long was it on the market from listing time to the time the seller accepted the buyer’s offer?”. The map below shows the median days on market of respondents about their sales from […]

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April 1, 2015 Posted by: Lawrence Yun, PhD., Chief Economist and Senior Vice President

Consumers are becoming ever more confident.  That is a very good sign for home sales.  Only by believing in a better future will consumers make expenditures that are longer-lasting. In March, the consumer confidence index rose to 101.3.  An index reading of 100 or better is a terrific sign that a majority of people in […]

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January 28, 2015 Posted by: Lawrence Yun, PhD., Chief Economist and Senior Vice President

For how long can people not move?  Historically home sellers lived in their homes for 6 or 7 years before deciding to put it for sale and make the next move.  That was not the case in 2014.  A typical home seller had lived in the same home for 10 years. A somewhat related trend […]

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September 29, 2014 Posted by: Scholastica (Gay) Cororaton, Research Economist

As reported in the August 2014 REALTORS® Confidence Index Report, sales to investors fell to 12 percent of home sales in August, from the average of about 18-20 percent in 2010-2013. One reason for the decline is that as foreclosures have eased there are now fewer available distressed properties for sale. Distressed sales (foreclosed property […]

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February 21, 2014 Posted by: Danielle Hale, Research Economist

by NAR Research economists Danielle Hale and Hua Zhong Home sales vary in (mostly) predictable patterns based on the month of the year and the days of the week in each month. Find out what data is the best estimate of real trends and not noise in the housing market in this article. With the […]

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