Between April of 2006 and April of 2011, the median home price fell 27.6%. However, the median price rebounded 19.7% over the subsequent two years. While many formerly underwater homeowners are just now getting their first shot at taking advantage … [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...]
Distressed Sales Declined to 21 Percent in March
The share of distressed properties on the market continued to decline. About 21 percent of REALTORS® reporting on their last sale in March sold distressed properties, compared to approximately 40 percent in March 2011. This is based on data from the … [Read more...]
Cash Sales: 30 Percent of Residential Sales
Approximately 30 percent of REALTORS® reporting on their last sale had a cash sale (32 percent in February). Investors and international buyers typically pay cash. About 9 percent of REALTORS® reporting a sale to a first-time homebuyer also … [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...]
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