Approximately 32 percent of REALTORS® reporting on their last sale in April had a cash sale (30 percent in March). Investors and international buyers typically pay cash. About 10 percent of REALTORS® reporting a sale to a first-time homebuyer also … [Read more...]
April Buyer Traffic—Up; Seller Traffic–Constant
Strong buyer demand for homes continued to outpace supply in April. The Buyer Traffic Index hit a high of 72, signifying increasing demand. However, the Seller Traffic Index, an indicator of supply conditions, was unchanged at 41. Source: April … [Read more...]
REALTOR® Confidence Rose Strongly in April
The housing market recovery continues to be in the news. The latest REALTORS® Confidence Index data rose strongly across all property types in April. The Confidence Index -Current Conditions[1] for single family properties registered at 70. For … [Read more...]
Thirty-Seven Percent of Homes Sold in Less than a Month
Multiple bidding in a low inventory environment continues to lead to shorter days on the market. About 37 percent of REALTORS® reported that in March recently sold properties were on the market for less than a month when sold compared to 27 percent … [Read more...]
Foreclosed Property Selling at 12 to 35 Percent Discount
Distressed property sold at a discount of between 12 to 35 percent of the market value depending on property conditions over the past year, based on information from the March REALTORS® Confidence Index Survey. Not surprisingly, the price discount is … [Read more...]
94 Percent of REALTORS® Expect Home Prices to Increase in Next 12 Months
With strong buyer demand and tight inventory, REALTORS® were generally upbeat about price trends in the coming months. Approximately 94 percent of REALTORS® who responded to the March REALTORS® Confidence Index (RCI) Survey expected constant or … [Read more...]
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