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85% of Recent Home Buyers See Their Home As a Good Investment

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The National Association of REALTORS® just released their 2010 Survey of Home Buyers and Sellers which shows that people still look at home ownership as a good long-term investment and the typical seller is experiencing positive returns from home ownership. As expected, job security concerns were among the highest in eight years of sampling. A […]

Existing Home Sales Continue to Rise

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While they’re still significantly trailing last year’s figures, home sales data from the National Association of Realtors shows that the residential real estate market may be showing more signs of a steady recovery. According to the NAR, the volume of sales jumped a seasonally-adjusted 10 percent in September compared to the previous month. While that […]

Housing Market Bust is Changing Buyer Behavior

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Twenty-seven percent of first-time buyers who purchased a home between July 2009 and June 2010 received a gift from family or friends to help with the down payment, according to the National Association of Realtors’ annual Profile of Home Buyers and Sellers survey, released at NAR’s annual conference recently in New Orleans. 9% of first-time […]

Pending Home Sales Drop 1.8% in September

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The number of people who signed contracts to buy homes fell in September after two months of gains. The National Association of Realtors said recently that its index of sales agreements for previously occupied homes dropped 1.8% in September to a reading of 80.9. Contract signings fell in every region of the country except the […]

The Fight Against Real Estate Transfer Taxes

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Legislatures in several states that historically have steered clear of real estate transfer taxes now are considering adding them to help deal with mounting deficits. Although proponents say real estate transfer taxes are necessary to help fund state services, opponents view them as an unwarranted tax on home sales. Some experts claim real estate transfer […]

Beige Book Shows Modest Growth But Weak Real Estate Conditions

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The Federal Reserve’s popular Beige Book report released this week suggests economic activity across most of the nation is showing signs of “modest” growth, but it’s not enough to improve the country’s anemic jobs picture with the unemployment rate holding at or above 9.5 percent for more than a year. Beige Book findings are based […]

Homebuyer Tax Credit Boosted Home Prices

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A new report from FNC says that without the first-time homebuyer tax credit programs that expired earlier this year, home prices nationwide would be significantly lower than they currently are. According to the company’s Residential Price Index, national home prices showed an “abnormal” increase of 10.1 percent during the time the credit was active, and […]

Home Builder Confidence Up In October

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According to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) for October, builder confidence in the market for newly built, single-family homes rose three points to 16. This was the first improvement registered by the HMI in five months, and returns the index to a level last seen in June of this […]

First-Time Homebuyers Buying Smaller Homes

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A new report from the National Association of Home Builders has found that first-time homebuyers are choosing to buy smaller and less expensive properties than existing buyers. The study by the NAHB found that first-time buyers purchased homes costing an average of $184,000 with approximately 1,874 square feet of space. By comparison, the homes purchased […]