The majority of metropolitan areas in the third quarter experienced robust year-over-year price gains, with the national median price showing the strongest annual growth in nearly eight years.
NAR says their latest research shows that tight lending standards are keeping many qualified buyers from reaching their dreams.
Presentation of results of a survey of home buyers, by buyer type, who purchased a home between July 2012 and June 2013.
Presentation of results of a survey of home buyers, by sub-region of the U.S., who purchased a home between July 2012 and June 2013.
Director of NAR Member and Consumer Survey Research Jessica Lautz talks about the 2013 Profile of Home Buyers and Sellers.
For most home buyers, the purchase of real estate is one of the largest financial transactions they will make.
Although the housing market has shown a healthy recovery over the past two years, unnecessarily restrictive mortgage lending standards are preventing some financially qualified buyers from reaching their dreams, especially singles and first-time buyers.
Respondents favor walkable neighborhoods with a mix of houses, stores, and businesses, and would be willing to compromise on home size for a preferred neighborhood.
Are you local to the Bay Area? You can still register for the 2013 REALTORS® Conference & Expo!
As buyers face higher borrowing costs, home sales are showing more signs of falling.