Existing home sales failed to surpass sales in the same month a year prior during the month of November, according to the National Association of Realtors (NAR). This is the first time that has happened in 29 months. Sales for family homes, condominiums, townhouses, and cooperative apartments sold at an adjusted rate of 4.90 million—a […]
For the first time since 2009, residential real estate sales are at their highest levels, thanks to a limited and competitive market. According to the National Association of Realtors, existing home transactions rose 4.2 percent, which is 5.18 million as of last month and a 12.9 percent increase from a year ago. The median housing […]
The National Association of REALTORS recently reported that approximately 29 percent of today’s homebuyers are down from the “historic norm” of 40 percent. The NAR cited tight credit conditions, limited housing inventories, and steep competition from investors for the same properties as reasons for the shrinking number of first-time homebuyers. Kevin Gillen, an economist at […]