Posted on 10 Jan 2019 by Meredith Dunn, Research Communications Manager In 1981 when NAR first started tracking the data, the average age of a first-time homebuyer was 29. They made up 44 percent of all homebuyers. Sixty-eight percent of first-time buyers were married couples, 12 percent were single...
Posted on 11 Jan 2019 by 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 4.99 percent this November, up 19.1 percent compared to 4.19 percent a year ago. Housing affordability declined...
Posted on 23 Jan 2019 by Scholastica (Gay) Cororaton, Research Economist With rising interest rates and commodity prices still depressed, land sales and land prices continued to increase, although at a modest pace, during October 2017 – September 2018, according to the 2018 Land Market Survey of the...