The National Association of Realtors continues to complain about a shortage of inventory. are indicating that foot traffic is higher than a year ago1, but it’s obviously not translating to more.
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Existing-home sales tumble at the fastest pace in more than 3 years as supply crunch deepens By. "Realtors in most areas are saying buyer traffic is even stronger than the beginning of last.
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NAR: Buyer traffic up 29% from a year ago – gayrealestate.com – NAR: Buyer traffic up 29% from a year ago 0 Existing-home sales improved for the second month in a row in May, up significantly from a year ago, while the median sales price continued to increase by double-digit rates from one-year prior, according to data from the National Association of Realtors .
The percentage of first-time buyers increased from 29% in January to 32%, and equal to the percentage in February 2018.. up 2.5% from a year ago.. National Association of Realtors, Research.
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In the housing market, home sales are a leading indicator as to where prices will head. The priciest county in Southern California is Orange County and it has now faced the worst start of a year since the great recession ended. sales are low. Extremely low. We have more people in the county.
The National Association of Realtors is well aware of this, as the percentage of first-time buyers declined in July for the second consecutive month, falling from 30% in June to 28%. A year ago, first.
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years ago. (See Chart 3.) This is particularly true for Millennials, nearly half (47%) of whom are now visiting these venues more compared to far fewer Gen Xers (29%) and Baby Boomers (25%). "There has definitely been a lifestyle shift compared to where the [spa] industry was 15 to 20 years ago," says Kris Smith, VP of
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On the other hand, REALTOR respondents from Alaska and West Virginia respondents generally reported "weak" buyer traffic compared to one year ago, and this may be related to the effect of the slump in oil prices since 2015, though oil prices have started to firm up again in 2017 as OPEC cut its oil production.
First-time buyers accounted for 29% of sales, a decline from 32% in the prior month, a sign of affordability challenges. "The decline in sales was relatively modest, especially considering it’s January," George Ratiu, NAR’s director of housing and commercial research, said at a briefing in Washington.