NAR: Buyer traffic up 29% from a year ago

 · The pace of sales was up 2.1% from April, and up 29% from a year ago. Related: Surging home sales, prices raise new housing bubble fears. The median price of a new home sold in May was $263,900, down 3.1% from April, but those month-over-month comparisons are often volatile.

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 · ”First-time buyers were 29% in September, down from 34% a year ago, as higher prices make it tougher for Millennials to join the ranks of homeowners.”. The pace of each home sale slowed in September to an average 34 days on the market, up from 30 days in.

Just in time for Pride Month, the National Association of Realtors has released its first-ever Profile of Lesbian, Gay and Bisexual Buyers and Sellers. It’s interesting, by definition, because the Realtors have never released stats like this before. What’s most interesting to me seems to be the most.

“Buyer demand is holding up impressively well this fall with Realtors reporting much stronger foot traffic compared to a year ago,” said nar chief economist lawrence yun. “Although depressed inventory.

‘Overwhelming Supply’ Affecting Housing Market: Radar Logic  · There are many important factors influencing housing today, but recent analysis suggests two will have an outsized effect on the industry. The future is good for housing. That was the conclusion of a recent analysis by Goldman Sachs, which found that residential investment grew at an 8.8 percent rate in 2014’s second quarter and is tracking.

Class Action Lawsuits Challenge Realtor Buyer Broker Commission Rule The REALTORS Buyer Traffic Index fell below 50 during October-December 2018 as the 30-year fixed mortgage rate rose near five percent but the index has been trending up with mortgage rates on the decline, with the 30-year fixed mortgage rate now at 4.06 percent as of the week of March 28.

Lawrence Yun, NAR chief economist, said tight inventory is a major factor in the market. “Buyer traffic is continuing to pick up, while seller traffic is holding steady,” he says. “In fact, buyer.

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July’s Pending Home Sales Index (PHSI), a monthly forward-looking indicator measured by the National Association of Realtors (NAR), declined. READ MORE “Buyer traffic continues to be higher than a.

Contract closings decreased 1.2% in January from the prior month to an annual rate of 4.94 million, the National Association of Realtors said Thursday, below economists’ estimates for 5 million. The median sales price rose 2.8% from a year ago, the smallest increase since February 2012, while the inventory of available homes saw a sixth straight increase.

Home resales ran at a seasonally-adjusted annual rate of 4.76 million, the National Association of Realtors said Tuesday. In fact, buyer enthusiasm remained steady. traffic is stronger than a year.

Fed economist pushes homebuyer down payment subsidy Classification: Public 5 EBP is a regulated grant program Household grant of up to $15,000; provides down-payment, closing-cost, homebuyer counseling, and rehabilitation assistance to households with incomes 80% of AMI Can be combined with other subsidy programs (except AHP) You provide concessions and ensure homebuyers receive