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Research & Statistics

2012 Housing Affordability Index Sets Record

With 11 months of data reported, 2012 will clearly go down as a record year for favorable housing affordability conditions, and a great year for buyers who could get a mortgage, according to the National Association of Realtors®.

More

Housing Affordability Index to Set Annual Record
U.S. Census, HUD Release American Housing Survey
Luxury Home Sales Soared Before End of Year
New Study: Internet Use in Home Search Rises
Study: Digital Media Use in Home Buying

Housing Indicators

Existing-Home (Nov.)
Sales 5.04 million units*
Median Price $180,600
*seasonally adjusted annual rate
Housing Starts (Nov.) 861,000
New Home Sales (Oct.) 368,000

U.S. Economic Outlook: January 2013  (PDF: 46 KB)

From Our Blogs

Foot Traffic: Valdosta

  • Foot traffic provides a strong indication of future home sales.  SentriLock, LLC. provides NAR Research with monthly data on the number of showings.
  • Foot traffic during December in the area covered by the Valdosta Association of REALTORS® (GA) outpaced the level of foot traffic from a year ago.
  • December traffic was 16% stronger than 12-months earlier and was the third consecutive month in which year-over-year foot traffic was stronger.
  • This trend bodes well for home sales in the spring given last year’s unusually strong early spring sales pattern.  Sub-3.5% mortgage rates, price growth, and modest, but steady employment growth is drawing fence sitters into the market.

Know Your Home Buyers and Sellers

We've created an infographic to accompany the 2012 Profile of Home Buyers and Sellers, to highlight who they are and what they're looking for from REALTORS®.

Click to see the full infographic: