The sharp increase in layoffs and foreclosures across the nation after 2006 has weighed on the homeownership in subsequent years. Not surprisingly, the states with the sharpest declines in their homeownership rates were concentrated in those states … [Read more...]
Distressed Real Estate Sold at 20 Percent Discount in November 2012
Based on information from the November 2012 REALTORS® Confidence Index Survey, foreclosed property sold on average at a 20 percent discount, while short sale properties sold at a 16 percent average discount. The discount to market experienced by … [Read more...]
Foot Traffic: North Shore-Barrington Association REALTORS® (Chicago, IL)
Foot traffic and future home sales have a strong correlation. SentriLock, LLC. provides NAR Research with monthly data on the number of showings. Foot traffic in the area covered by the North Shore-Barrington Association REALTORS® (Chicago, IL) has … [Read more...]
Foot Traffic: Siskiyou Association of REALTORS® (Mt. Shasta, CA)
Foot traffic can give a strong indication of future home sales. SentriLock, LLC. provides NAR Research with monthly data on the number of showings. Foot traffic in the area covered by the Siskiyou Association of REALTORS® (Mt. Shasta, CA) has been … [Read more...]
REALTORS® Expect All States to Post Price Gains in Next 12 Months
Based on responses to the November 2012 REALTORS® Confidence Index Survey, all states are expected to see home price increases in the next 12 months. The graph below shows the median expected price change for the next 12 months. The states are … [Read more...]
Local Market Reports: Highest Homeownership Rates
Over the last decade, the housing market has gone through a dramatic swing. The large increase in unemployment which resulted from the recent recession coupled with nearly 4 million foreclosures since 2008 reduced the number of homeowners. As a … [Read more...]
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