Following the double-digit growth in home prices last year, economists predict the gains will now fall into line with inflation and more historical rates of growth.
The condo market is on an upswing, but sales are still more than 30 percent short of their peak.
Home prices posted the highest annual rate of increase since 2005, with 10 states and the District of Columbia reaching new all-time price peaks, CoreLogic reports.
32% of REALTORS® reported that their last sale in December was a cash sale, and many REALTORS® have reported that cash buyers typically win against those buyers needing to obtain a mortgage.
December 2013 existing-home sales increased slightly over Nov. 2013; the national median existing-home price for all housing types was $198,000. See the visual data.
In this economic update, the Research staff analyzes current homeownership rates in the U.S
NAR Chief Economist Lawrence Yun talks about possible reasons for the decline in Pending Home Sales in December and looks ahead to 2014.
This interactive infographic presents type of home purchased, by buyer type, between July 2012 and June 2013. of a survey conducted with home buyers who purchased a home between July 2012 and June 2013.
Pending home sales measurably dropped in December, with abnormal weather partly inhibiting home shopping in much of the U.S. Declines were experienced in all four major regions.
Confidence about current market conditions was essentially unchanged from November to December in 2013.