NAR Chief Economist Lawrence Yun says that February existing-home sales and prices affirm a healthy recovery is underway.
Home Values Performed 42 Percent Better When Located Near Public Transportation During Last Recession
Data from a new study from the American Public Transportation Association (APTA) and the National Association of Realtors® reveals that during the last recession, residential property values performed 42 percent better on average if they were located near public transportation with high-frequency service.
"With the spring home-buying season upon us, the recent highs in the stock market are a welcome signal of better times ahead," says Freddie Mac's chief economist.
February existing-home sales and prices affirm a healthy recovery is underway in the housing sector, according to the National Association of Realtors®. Sales have been above year-ago levels for 20 consecutive months, while prices show 12 consecutive months of year-over-year price increases.
Read part three of a summary of the trends in consumers' views towards home buying and home ownership during the past nine years, a period of dramatic change.
Read part two of a summary of the trends in consumers' views towards home buying and home ownership during the past nine years, a period of dramatic change.
That's just one of the important findings in the 2013 Profile of Buyers' Home Feature Preferences, released today by NAR.
This report contains information about features buyers want most in the homes they buy, and how buyers' preferences vary by region, demographics, and household composition.
The 2013 Profile of Buyers' Home Feature Preferences examines the features buyers prefer when it comes to purchasing a home, as well as the differences in preferences when it comes to factors such as region, demographics and household composition.
"Buyer traffic is 40 percent above a year ago, so there is plenty of demand but insufficient inventory to improve sales more strongly," says NAR's chief economist.