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Tuesday, November 29, 2022

National Association of Realtors

Home-value appreciation continues, but pace is slowing

An overwhelming majority of metropolitan-area markets saw home-price gains in the third quarter of 2022 despite mortgage rates that approached 7 percent and declining sales, according to the National Association of Realtors’ latest quarterly report, and the Washington region...

Survey: First-time buyers having harder time in homes market

More signs of the times: The share of first-time home buyers in the overall real-estate market has dropped to a record low, while the age of a typical first-time buyer increased to an all-time high, in recently released data...

Year-over-year home prices still up nationally

Future months may not be so kind, but September continued the lengthy streak of year-over-year sales-price increases in the U.S. homes market. Even as sales sagged, the median existing-home sales price increased to $384,800, up 8.4 percent from year before,...

Realtors to fund a tree-planting extravaganza

The National Association of Realtors (NAR) is partnering with the National Forest Foundation in an effort that will result in 1.575 million trees being planted across the United States. The initiative, which will plant at least one tree for each...

D.C. region’s home-price growth cooler than national average

Despite escalating mortgage rates and slumping home sales in the second quarter of 2022, a greater number of metropolitan areas experienced double-digit annual price gains compared to the prior quarter, according to the National Association of Realtors’ latest quarterly...

Survey says: Realtors had more sales, higher income in 2021

The typical member of the National Association of Realtors (NAR) had a successful 2021, according to new data, with higher sales volume, more transactions and greater income than the pandemic-disrupted year that came before. According to a new survey of...

Homes market cools, but prices hit new heights

The national homes market may be perilously close to rocky shoals, but prices hit a landmark in May. The median existing-home price for all housing types in May was $407,600, up 14.8 percent from May 2021 ($355,000), as prices increased...

Future of home sales, prices? Jury is still out

The first quarter of 2022 saw more metropolitan areas reach double-digit annual price gains than the previous quarter, according to the National Association of Realtors’ latest quarterly report. Seventy percent of 185 measured metros, including Washington, experienced such price gains,...

Local condo prices still rising, but more modestly

Although they remain well above the national median sales price, home-value appreciation in the Washington region’s condominium market trailed most other areas in new data. The median sales price of a condo in the Washington region during the first quarter...

Millennials continue to make presence known in homes market

The share of Millennial home buyers increased significantly over the past year, and that contingent was the most likely generation to use the Internet to find the home they ultimately purchase and most likely to use a real-estate agent. Those...
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Latest News

Newly selected economic-development czar is a neighbor

It’s another national search that ended up with a new department head coming from very close to home. Arlington County...
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