Browsing Posts In: Income

April 14, 2017 Posted by: Amanda Riggs

Generation X, buyers ages 37 to 51 years, make up the second largest share of home buyers by generation at 28 percent of all home buyers in 2016. The median age for this group is 43 years old and they were born between 1965 and 1979. They tend to have the largest families; 62 percent […]

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April 7, 2017 Posted by: Amanda Riggs

The Silent Generation, buyers ages 71 to 91 years, make up the smallest share of home buyers by generation at only eight percent of all home buyers in 2016. The median age for this group is 75 years old and they were born between 1925 and 1945. They tend to have the smallest families; 97 […]

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Posted by: Amanda Riggs

The Silent Generation, buyers ages 71 to 91 years, make up the smallest share of home buyers by generation at only eight percent of all home buyers in 2016. The median age for this group is 75 years old and they were born between 1925 and 1945. They tend to have the smallest families; 97 […]

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April 6, 2017 Posted by: Michael Hyman, Research Data Specialist

Recently GO Banking Rates put out some interesting information in their survey on how Americans spend their tax return. This was a very relevant topic because one thing that comes to mind in reference to potential homebuyers is the always-elusive down payment. With a sizable tax refund, the average American would have a decent down […]

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January 14, 2016 Posted by: Danielle Hale, Director of Housing Statistics

In spite of higher prices, housing affordability is down only slightly from a year ago as lower mortgage rates and higher incomes almost offset higher home prices. Housing affordability declined slightly (2.6 percent), from a year ago in November in spite of a notable increase in prices. The median sales price for a single family […]

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October 30, 2015 Posted by: Lawrence Yun, PhD., Chief Economist and Senior Vice President

Personal income barely rose in September but was comfortably higher from one year ago. Consumer spending is therefore rising. The economy is in a reasonably good shape as it goes into a cycle of rising income leading to more spending which in turn is leading to job creations and a further rise in income. Specifically, […]

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June 3, 2015 Posted by: George Ratiu, Director, Quantitative and Commercial Research

Commercial fundamentals continued on an upward trend in the first quarter 2015, despite a slumping economy, however the pace moderated. Net absorption rose across the property types, driving rents higher. As employment gains are expected to continue into 2015, demand for commercial space is expected to advance. Office absorption is projected to total 51.8 million […]

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March 17, 2015 Posted by: Nadia Evangelou, Research Economist

The gap between rental costs and household income is widening to unsustainable levels in many parts of the country, and the situation could worsen unless new home construction meaningfully rises according to new research by the National Association of Realtors®. In the past five years, a typical rent rose 15% while the income of renters grew […]

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February 18, 2014 Posted by: Lawrence Yun, Chief Economist

In each Economic Update, the Research staff analyzes recently released economic indicators and addresses what these indicators mean for REALTORS® and their clients. Today’s update discusses national income. Personal income for the country in 2013 rose modestly by 2.8 percent. The aggregate rental income increased much faster at 9 percent due to the combined effects […]

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March 1, 2013 Posted by: scott

In each Economic Update, the Research staff analyzes recently released economic indicators and addresses what these indicators mean for REALTORS® and their clients. Today’s update discusses personal income. Personal income, measuring the income of everyone combined, fell in January by a sizable chunk.  A decline of 3.6 percent over a single month is the largest […]

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