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...]
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...]
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...]
Mortgage Rates are near record lows. How do they affect buyers qualified to buy a home?
In a previous post, we examined the impact of mortgage rates and house prices on the number of renters qualified to buy to show that lower mortgage rates, rising incomes and changes in house prices have affected the number of renters who could … [Read more...]
Characteristics of Homes Purchased
The typical home recently purchased was 1,860 square feet in size. Repeat buyers, buyers of new homes, married buyers and those with children under the age of 18 in the home typically purchased larger homes. The typical home purchased was built in … [Read more...]
2013 REALTOR® Nationwide Open House: Information from the Profile of Home Buyers and Sellers
The 2013 REALTOR® Nationwide Open House, the largest-ever international open house campaign, will be held on April 20 and 21. Below is some open house information from our annual profile of home buyers and sellers: Repeat buyers are more likely to … [Read more...]
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