In a home purchasing profile released last week by the National Association of Realtors confirmation was given to what many residential real estate professionals already suspected - first- time buyers have been driving the market. Surveying transactions from mid-2003 to mid-2004, NAR researchers found that first-time buyers accounted for 40 percent of all home purchases. As a result, while some observers said the market was slowing, the momentum it kept during the past year was directly attributed to the consistent movement of first-timers in both new home and existing home sales. Strong activity by entry level buyers has provided solid and substantial growth to the housing market over the last decade, said NAR chief economist David Lereah. The demographics of our country favor the tren...
Sales of existing homes plummeted 27.2 percent to a 15-year low last month despite record-low mortgage rates, shocking markets and heightening worries that housing's steep slide will drag the rest of the economy back into recession. An unexpectedly bleak report from the National Association of Realtors showed big drops in home sales in every region to an annual rate of 3.83 million as buyers forsook the market after the completion of home purchases spawned by a temporary $8,000 federal tax credit for first-time buyers.
THE NATIONAL ASSOCIATION of Realtors recently released a report entitled "The Future of Real Estate: Mobile, Social, Local." // When I think about how real estate has changed in the last decade, I am struck by how on point the study is. You don't have to think back too far to remember the Multiple Listing Service, or MLS, "book" of listings. Not too long ago, agents controlled the information. If you wanted to see what homes were on the market - to see "the book" - you had to be working with a real estate agent.
National Association of Realtors report - Brief article
Springs home prices inch up from last year Median home prices in Colorado Springs inched up to $189,800 in the fourth quarter of 2009, a 1.5 percent increase from $187,000 during the same period last year, according to a recent National Association of Realtors report. The NAR report parallels recent Pikes Peak Association of Realtors? findings; the local association reported that local home prices rose 3.1 percent in January.
One key number related to Oklahoma was missing in the National Association of Realtors' February monthly report on existing home sales - the high number of lousy weather days. Nationally, the resale of homes and condos fell 0.6 percent in February, the lowest level in eight months, raising fears about the ability of the housing industry to hasten the economic recovery.
Wall St. bounces back in advance of holiday NEW YORK -- Wall Street rose smartly in a quiet session Friday as investors adjusted positions ahead of a long holiday weekend. Stocks rose Friday coming off a pullback Thursday and as investors drew some optimism from the Nasdaq Stock Market Inc.'s deal to acquire Sweden's OMX AB. Investors showed little reaction to the National Association of Realtors' report that sales of existing homes fell 2.6 percent in April to 5.99 million units, the slowest sales rate in almost four years.
Forty-one percent of home buyers last year were first-time buyers, the typical first-time buyers was 30 years old while the typical repeat buyer was 47 years old and the 2007 median household income of all buyers as $74,900, according to the National Association of Realtors' recently released report, "Profile of Home Buyers and Sellers 2008.
As America rolled into a new year, the National Association of Realtors released a report forecasting that, even though the real estate boom is showing signs of tiring, 2006 is expected to be a stellar year for housing sales. The organizations chief economist, David Lereah, said market conditions are still favorable and the housing slowdown simply amounts to a tapping of the brakes on a hot market.
Commercial real estate observers questioned the accuracy of a December report from the National Association of Realtors, in which NAR cited metropolitan Stamford as having the second-highest industrial vacancy rate in the nation after Detroit.
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