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Sales to First-Time Buyers: 32 Percent of Sales in August 2015
First-time home buyers accounted for 32 percent of existing-home sales in August 2015 (28 percent in July 2015; 29 percent in August 2014): August 2015 REALTORS® Confidence Index Survey.12 Sustained...
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Halloween and Home Sellers
Home sellers decide to move for many reasons. Using the 2014 Profile of Home Buyers and Sellers, we can discover these reasons as well as some surprising reasons for selling a home. While not the...
View ArticleLackluster Home Building Hurts First-Time Buyers
Lawrence Yun for Forbes What is going on with home builders? Housing starts refuse to rise in any meaningful way, despite the ongoing shortage in the number of homes on the market and falling rental...
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First-time Buyers: 32 Percent of Residential Sales in December 2015
The share of first-time home buyers increased slightly to 32 percent of residential sales in December 2015 (30 percent in November 2015; 29 percent in December 2014), according to the December 2015...
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Hidden Demographics of First-Time Home Buyers
For the third year in a row, the percent of first-time home buyers in the pool of all home buyers has decreased to a historical low number, according to The National Association of REALTORS® Profile of...
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Repeat Buyers Making a Splash More Than First-Time Buyers
One way to examine changes in the housing market is to look at the prior living arrangements of buyers, specifically changes in the last decade. In 2015, 43 percent of all buyers rented an apartment or...
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Private Mortgage Insurance
Buying a home with a down payment of less than 20 percent can be expensive, but it just got cheaper for some home buyers. Many private mortgage insurers have dropped the rates they charge high...
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Highlights of April 2016 REALTORS® Confidence Index Survey
Market conditions vary across local markets, but the REALTORS® confidence and traffic indices indicate that overall housing market activity slightly improved in April 2016 from April 2015. Compared to...
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Sales to First-Time Buyers: 30 Percent of Sales in May 2016
The share of first-time home buyers accounted for 30 percent of residential sales in May 2016 (32 percent in April 2016; 32 percent in May 2015), according to the May 2016 REALTORS® Confidence Index...
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Sales to First-Time Buyers: 33 Percent of Sales in June 2016
First-time homebuyers appear to be getting back into the market more strongly with interest rates moving down to new lows. First-time buyers accounted for 33 percent of residential sales in June 2016,...
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Attic, Garage, Or Basement. Oh My!
Buyers come from a variety of living arrangements before purchasing a home. Some rented the space they end up purchasing, others owned their previous residence, and others lived with parents or...
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Historical Low Time on Market to Sell a Home
Since 1987, NAR’s Profile of Home Buyers and Sellers has tracked the number of weeks on the market a home is listed. In 2014 and 2015, homes sold on the market at a median of four weeks. This is the...
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Home Buyer and Seller Race and Ethnicity Trends
Since 1997, respondents of the Profile of Home Buyers and Sellers have had the option to choose as many or as few options for how they racially and ethnically identify themselves. Using this data, the...
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Buyers Aged 35-44 & 45-54 Years Capture Greater Share of First-Time Home Buyers
In 2016, first-time home buyers made up 35 percent of all home buyers, an increase over last year’s near all-time low of 32 percent where it had remained for the previous three years, according to The...
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How Commuting Costs Factor Into Home Buying
Either way you look at it, buyers know that commuting costs are high. Some buyers need to be closer to their job while others need to be closer to school districts. The National Association of...
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The Sources of Downpayments Among Different Buyer Types
Since 1997, the Profile of Home Buyers and Sellers has collected data on the sources of buyers’ downpayment for when they purchase a home. This year, 88 percent of all buyers financed their home and 98...
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First-time Homebuyers: 33 Percent of Residential Sales in October 2016
In the monthly REALTORS® Confidence Index Survey, the National Association of REALTORS® asks members the characteristics of the most recent sale that closed in the reference month, including “Was the...
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First-time Homebuyers: Slightly Up at 32 Percent of Residential Sales in 2016
REALTORS® reported that first-time homebuyers accounted for 32 percent of residential sales in 2016 (30 percent in 2015), according to the December 2016 REALTORS® Confidence Index Survey Report, a...
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Highlights of the December 2016 REALTORS® Confidence Index Survey Report
While local conditions vary, the REALTORS® Buyer Traffic Index and the REALTORS® Confidence Index—Current Conditions for single-family homes remained above 50 in December 2016, indicating that more...
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All-Cash Sales: 23 Percent of Residential Sales in January 2017
In January 2017, 23 percent of sales were cash sales (21 percent in December 2016; 26 percent in January 2016), according to the January 2017 REALTORS® Confidence Index Survey Report, a monthly survey...
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