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...]
Demand for Properties Continued to Expand Faster than Supply in March 2013
Strong buyer demand for residential homes continued to outpace supply in March. The Buyer Traffic Index rose to 69 while the Seller Traffic Index inched up to 41. This based on information in the March REALTORS® Confidence Index (RCI) Survey. In … [Read more...]
REALTOR® Confidence Rose Strongly in March 2013
Confidence about current market conditions and the outlook for the next six months rose strongly across all property types in March. For the first time, the “REALTORS® Confidence Index – Six Month Outlook” for townhouses breached … [Read more...]
Worldwide Economic Recovery – Weaker than Normal but Continuing
News for the U.S. economic outlook continues to be positive–housing recovery, continued productivity increases, new oil reserves. However, the economic news from around the world is frequently negative. Growth around the world has slowed. … [Read more...]
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