Higher residential rents compared to a year ago were reported by 57 percent of REALTORS® in September (55 percent in August), based on information from the REALTORS® Confidence Index survey. The data are additional confirmation of the recovery of the … [Read more...]
First Time Buyers: 32 Percent of Residential Buyers in September
Based on information from the REALTORS® Confidence Index survey, approximately 32 percent of responding REALTORS® reported making a sale to first-time homebuyers in September (31 percent in August). Normally first-time buyers are in the … [Read more...]
Distressed Sales at Twenty-four Percent of Market
Based on information from the latest REALTORS® Confidence Index survey, 24 percent of respondents reported selling distressed property (foreclosed and short sales), down substantially from what had been the case a year or two ago. Cash sales … [Read more...]
Home Prices Projected to Increase By 3 Percent in Forthcoming Year
Recently released research data project rising residential prices in 2013. The October 2012 Economic Survey by the Wall Street Journal panel of economists forecasted home prices as increasing at an annual rate of 3.25 percent in the forthcoming year. … [Read more...]
New Home Sales in September
New home sales, like existing home sales, continue to trend higher. Similarly, low inventory is pushing up prices. In September, new home sales were 389,000 (annualized rate after seasonal adjustment), which is a gain of 5.7 percent … [Read more...]
Cash Sales: 28 Percent of Residential Sales
Approximately 28 percent of REALTORS® reported making cash sales in September, relatively unchanged since August (27 percent) and almost at par with the same period of last year of 30 percent, based on information from the REALTORS® Confidence … [Read more...]
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