Presentation to the Commercial Real Estate & Economic Trends Forum at the 2013 REALTORS® Conference & Expo in San Francisco, CA
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.
Director of NAR Member and Consumer Survey Research Jessica Lautz talks about the 2013 Profile of Home Buyers and Sellers.
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.
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As buyers face higher borrowing costs, home sales are showing more signs of falling.
Explore the wealth of statistical research NAR provides to help you focus your business, help your clients, and plan for the months ahead.
NAR Chief Economist Lawrence Yun talks about pending home sales, which declined for the fourth consecutive month in September as higher mortgage interest rates and higher home prices curbed buying power.