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...]
Understanding Figures Reported on the MID
According to the most recent public data from the IRS, there were about 144 million[1] US tax filers in 2010. In the same year, the US resident population was 309 million[2] and the number of households was estimated to be just shy of 113 … [Read more...]
REALTORS® Report Tight Financing/credit
Each month, the National Association of REALTORS® gathers up-to-date and on-the-ground incisive comments from REALTORS® who participate in the REALTORS® Confidence Index (RCI) survey. The RCI survey tracks expectations about overall market … [Read more...]
Current Confidence Index for Single-Family Homes Steady
The majority of REALTORS® continued to report rising home prices and improving days on the market. However, REALTORS® reported that the market remains hampered by a “demanding and rigid loan qualification process” that has made mortgage … [Read more...]
Income Growth
Economic expansion, though still sluggish, means more jobs and higher income generation. But as with many economic variables, there are distinct variations as to where the incomes are rising and not rising. The ultra-loose monetary policy has … [Read more...]
Mortgage Availability: Excessively Tight Credit Conditions
Recently released government data for 2011 from the Home Mortgage Disclosure Act (HMDA) shows just how tight mortgage credit has been. Incomes of prospective purchasers have increased since 2004, but the loan to income ratio has declined. The median … [Read more...]
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