The information in this infographic is from July 2014 Existing-Home Sales data.
The youngest generation of home buyers, Millennials, also known as “Generation Y,” are those born between the early 1980s and the mid- to late-1990s. Like other generation groups, Millennials believe that homeownership is part of the American Dream.
Limited job prospects and student loan debts have made it challenging for Millennials to save for a downpayment and take advantage of low interest rates in the current economic recovery.
Which U.S. cities are the most affordable for the new generation of homeowners? This infographic spotlights the top five.
With a growing economy, job creation, and low interest rates, home sales are expected to rise. But the typical business activity of a REALTOR® will be falling as the autumn approaches.
REALTORS® expect home prices to increase modestly in the next 12 months, with the median expected price increase at 3.4 percent.
Lawrence Yun talks about job creation, interest rates, inventory, and other factors influencing the housing market right now, and gives a forecast for the next 6-12 months.
Pending home sales rebounded in July and have now risen in four of the last five months.
See what commercial practitioners had to say about market performance, sales and rental transactions, challenges, and expectations.
The strong rebound in economic growth during the second quarter and ongoing job creation are gradually improving the outlook for all of the major commercial real estate sectors.
Existing-home sales increased in July and the ongoing decline in distressed sales reached an important milestone.