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In the past 15 years, the net worth of the typical homeowner has ranged between 31 and 46 times that of the net worth of the typical renter.
Register for the REALTORS® Conference & Expo and book your hotel through NAR before the October 10 housing deadline.
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.