FHFA (Federal Housing Finance Agency) price data shows that home prices across the United States rose 6.7 percent from the first quarter of 2012 to the first quarter of 2013. In 41 states and the District of Columbia prices were higher than the … [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...]
Foot Traffic: Pearl River County Board of REALTORS® (Picayune, MS)
Foot traffic can provide great insight into the direction 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 Pearl River County Board of REALTORS® … [Read more...]
Diffusion Index of Foot Traffic
Every month SentriLock, LLC. provides NAR Research with data on the number of properties shown by a REALTOR®. Foot traffic has a strong correlation with future contracts and home sales, so it can be viewed as a peek ahead at sales trends two to … [Read more...]
Happy Mother’s Day: Info from the Home Buyers and Sellers/Home Features Reports
Among recent home buyers, 41 percent had children under 18 in the home. Eighteen percent of buyer households had one child, 16 percent had two children, and 7 percent had three or more children. Buyers who had children in the home are more likely … [Read more...]
Quick Critique of New York Times article “Challenge to Wisdom of Owning Home”
By Lawrence Yun and Ken Fears The New York Times reviewed a new research paper by authors from Dartmouth and the University of Warwick in England that implies a rise in the homeownership rate is bad for the economy because fast rising homeownership … [Read more...]
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