The share of first–time buyers declined for the third consecutive year and remained at its lowest point in nearly three decades as the overall strengthening pace of home sales over the past year was driven more by repeat buyers with dual incomes, according to an annual survey released today by the National Association of Realtors. The survey additionally found that nearly 90 … [Read more...] about First-time buyers fall again
home sales
Pending home sales retreat again in August but remain at healthy level
Pending home sales retreated in August but remained at a healthy level of activity and have now risen year–over–year for 12 consecutive months, according to the National Association of Realtors. A modest increase in the West was offset by declines in all other regions. The Pending Home Sales Index, a forward–looking indicator based on contract signings, decreased 1.4 percent … [Read more...] about Pending home sales retreat again in August but remain at healthy level
As pending home sales dip, industry economist foresees rise in first-time buyers
Pending home sales slowed modestly in August but contract signings remain at their second-highest level over the past year, according to the National Association of Realtors. All major regions experienced declines except for the West, which rose for the fourth consecutive month. The Pending Home Sales Index, a forward-looking indicator based on contract signings, fell 1.0 … [Read more...] about As pending home sales dip, industry economist foresees rise in first-time buyers