In the wake of the housing recession, the sharp decline in median home prices and record low mortgage rates combined to boost affordability to record levels in nearly all markets. Affordability varies greatly across markets, though, even when … [Read more...]
A Real Estate Conversation [INFOGRAPHIC]
InfoGraphic … [Read more...]
Jobless Claims Drop to Normal Level
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 unemployment insurance claims. After a worrying uptick in … [Read more...]
Realtors helping Realtors: Oklahoma edition
EDIT: The Oklahoma Housing Foundation is managed by the Oklahoma Association of Realtors (not the Oklahoma City Metro Association); the mailing address was also incorrect. At least 16 Realtors lost their homes in the EF-5 (!) tornado that destroyed … [Read more...]
Roughly 40% of existing homes sold in the US are sold in the South
April home sales data show that about 40 percent of all existing homes in the US are sold in the South. At the current seasonally adjusted sales rate, that’s more than 2 million a year. For decades, the South has had the largest number of housing … [Read more...]
Total Increase a Buyer May Pay if They Wait
Earlier in the week, we explained that experts have projected that U.S. home prices will appreciate by approximately 5% in 2013. We also revealed the Mortgage Bankers Association, Fannie Mae and the National Association of Realtors have all projected … [Read more...]
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