The National Association of Realtors says its seasonally adjusted index for pending home sales rose. is 4.3% below a year ago. Steady job gains and near-record low mortgage rates have helped drive.
A year ago all cash buyers were 29% of all existing home sales. Here is what NAR had to say about first time home buyers: The fact that first-time buyers represented a lower share of the market compared to a year ago even though sales are considerably higher is indicative of the challenges many young adults continue to face.
"Buyer traffic is continuing to pick up, while seller traffic is holding steady," stated Lawrence Yun, chief economist of the National Association of Realtors, in a statement. "In fact, buyer traffic.
In the words of NAR. year period. It will take around 3.5 months to deplete the current supply of homes in the market, down from 3.9 months in January but up from 3.4 months a year ago. First-time.
Existing-home sales ticked up by 1.3% in April, rising for the first time this year, the National Association of Realtors said. First-time buyers continue to represent fewer than one-third of all.
6 stocks positioned to gain with housing market. with buyer traffic 29% above a year ago, coinciding with several years of inadequate housing construction.". low inventory, and pent-up.
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up from 30% in November and 29% a year ago. Historically first-time buyers have represented around 40% of the market. But a recent NAR study showed that the annual share of first-time buyers is at a.
All the way back in March 2017, the National Association of Realtors. foot traffic from a year ago, but low supply in the affordable price range continues to be the pest that’s pushing up price.
Eighty-six percent of respondents reported that home prices remained constant or rose in June 2019 compared to levels one year ago (87 percent in June 2018). First-time buyers accounted for 35 percent of sales (31 percent in June 2018). Cash sales made up 16 percent of sales (22 percent in June 2018).