The United States attracts international buyers from many countries. In recent years Canada, China, Mexico, India, and the United Kingdom have accounted for over half of the foreign residential transactions. In the 12 months ended March 2013, these … [Read more...]
International Sales at $68.2 Billion in 12 Months Ending March 2013
The recently released 2013 Profile of International Home Buying Activity reports that total residential sales dollar volume to international clients was at its second highest level in recent years for the 12 months ending March 2013. International … [Read more...]
Existing Home Sales by Price Category
Sales growth is highest in the $750,000 to $1 million price tier, and homes priced at $500,000 or more were 11.6 percent of sales in May, but even after declines in distressed sales, one out of every six homes sold was priced at less than … [Read more...]
Median Days on the Market Down to 41 Days in May
Tight inventory has led to shorter time on the market. The median days on the market fell to 41 days in May (46 in April). Short-sales had the longest days on market at 79 days (73 days in April) while foreclosed properties were on the market for 43 … [Read more...]
Share of Refinances That Were HARP and 5% or More Underwater
The Home Affordable Refinance Program (HARP) was initiated in April of 2009 as a means for homeowners to take advantage of lower mortgage rates. Refinances have the double benefit of reducing the likelihood of default by making payments more … [Read more...]
Inventory Conditions Improve Slightly But Still Lags Demand in May
In May, REALTORS® generally reported strong buyer demand against a low but slightly improving inventory. The Buyer Traffic Index rose to 72, well past the mark of 50 that delineates “moderate” conditions. The Seller Traffic Index registered at 43 (41 … [Read more...]
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