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.
Read about the rise in home prices in 2012 and the reasons behind the rise.
Read this summary of the trends in consumers' views towards home buying and home ownership during the past nine years, a period of dramatic change.
The Bureau of Labor Statistics recently released its February Employment Report, and the numbers are promising for the housing market.
NAR has estimated residential sales to foreign buyers at $ 82.5Billion for the 12 months ended March 2012, approximately 8.8 percent of the total residential market by dollar volume.
NAR Chief Economist Lawrence Yun discusses the rise of existing-home sales and home prices, and the developing seller's market.