Every month NAR produces existing-home sales, median sales prices and inventory figures. The data is released with a one-month lag (so the May data is released in June) and is reported on a seasonally adjusted annualized rate. We also provide a perspective of the market relative to the same month one year ago and relative […] Michael Hyman, Research Data Specialist
At the national level, housing affordability is down from last month and down from a year ago. Mortgage rates rose to 4.71 percent this May, up 17.5 percent compared to 4.01 percent a year ago. Housing affordability declined from a year ago in May moving the index down 10.2 percent from 157.2 to 141.2. The […] Michael Hyman, Research Data Specialist
Some homeowners opt to sell their residence without a real estate agent to get around paying a commission and make more of the profit. Forty-three percent of people (down from 48 percent last year) who sell without a real estate agent think that if they sell themselves, they’ll end up doing a little extra work […] Amanda Riggs
More contracts are being settled on time, according to a survey of REALTORS® in the May 2018 REALTORS® Confidence Index Survey. The monthly survey asks REALTOR® respondents: “Think of your most recent sales contract in the past 3 months that was either closed or terminated. Please explain how the deal concluded.” Among respondents who either […] Scholastica (Gay) Cororaton, Research Economist
By Bronwen Leibe Hi there! I am this summer’s research intern here at NAR! I attend the University of Maryland (go Terps!) where I am studying economics and history. I have been working on a few interesting reports and learning a great deal about real estate! Currently, I am updating the report “Real Estate in […] NAR
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