Presentation slides from the 2013 Profile of Home Buyers and Sellers webinar given by Jessica Lautz on November 20, 2013.
Rising mortgage rates are biting into home sales, a trend that will likely continue as interest rates readjust in the new year.
Find out where real estate is most undervalued, but where prices are predicted to increase in the new year.
Pending home sales stabilized in November with a slight gain, according to NAR. Monthly increases in the South and West offset declines in the Northeast and Midwest.
Home price growth was robust in 2013 compared to 2012 and is currently forecast by NAR Research to finish the year 11.3% stronger. This improvement is important for the market as it has created equity for homeowners, boosted buyer confidence, and pulled many underwater homeowners into positive equity positions.
How much do you know about today's home sellers? Take this quiz, based on the findings of the 2013 Profile of Home Buyers and Sellers, to find out.
How much do you know about today's home buyers? Take this quiz, based on the findings of the 2013 Profile of Home Buyers and Sellers, to find out.
Existing-home sales fell in November, although median prices continue to show strong year-over-year growth.
At the national level, housing affordability is up slightly for the month but higher mortgage rates and home prices have pushed affordability lower from a year ago.
Though the rapid increase in demand for multifamily housing is expected to slow, a new study finds that the need for low-income and senior rental housing is at unprecedented levels, and is expected to keep growing.