The 2024 Profile of Home Buyers and Sellers from the National Association of REALTORS has been released. Here are some highlights from the 2024 Profile of Home Buyers and Sellers report: In 2024, 24% of Home Buyers were first-time homebuyers, which down a good amount from 2023, where 32% of homebuyers were first time homebuyers. [...]
Pending home sales across the US rose in March 2024. The National Association of REALTORS(R) "Pending Home Sales Index," which is based on signed accepted contracts on existing homes, rose 3.4% last month to 78.2. It is up slightly, 0.1%, from the same point last year. Pending home sales are homes that are in the [...]
I have been pretty quiet online about some real estate commission lawsuits and the proposed settlement by NAR, the National Association of REALTORS(R). I have, though, been involved in private discussions about what the commission lawsuits have been about and what the NAR proposed settlement can mean to Baltimore homebuyers and sellers. **TO START - [...]
The State of Maryland Housing 2024 report is from a survey run by the National Association of REALTORS(R) and the local Maryland REALTORS(R) branch. The interviews were run from January 9-16, 2024. Key findings from the State of Maryland Housing 2024 report: 82% of those surveyed feel that the cost to buy a house or [...]
The 2023 Profile of Home Buyers and Sellers from the National Association of REALTORS has been released. Here are some highlights from the 2023 Profile of Home Buyers and Sellers report: In 2023, 32% of Home Buyers were first-time homebuyers, which is up from 2022, where 26% of homebuyers were first time homebuyers. This is [...]
Pending home sales across the US rose for a third consecutive month in February 2023. The National Association of REALTORS(R) "Pending Home Sales Index," which is based on signed accepted contracts on existing homes, rose 0.8% last month to 83.2. This is the highest level we have seen since August 2022. It is down, though, [...]
The State of Maryland Housing 2023 report is from a survey run by the National Association of REALTORS(R) and the local Maryland REALTORS(R) branch. The interviews were run from January 3-9, 2023. Key findings from the report: 3 out of 4 of those surveyed feel that the cost to buy a house or rent an [...]
The 2022 Profile of Home Buyers and Sellers from the National Association of REALTORS has been released. Here are some highlights from the 2022 Profile of Home Buyers and Sellers report: In 2022, 26% of Home Buyers were First-time homebuyers, which is a drop from 2021, where 34% of homebuyers were first time homebuyers. This [...]
The 2021 Profile of Home Buyers and Sellers from the National Association of REALTORS has been released. Here are some highlights from the 2021 Profile of Home Buyers and Sellers report: In 2021, 34% of Home Buyers were First-time homebuyers, which is an increase from 2020, where 31% of homebuyers were first time homebuyers. The [...]
The US housing shortage, which has created a heated market, could go on for years, according to a homebuilder CEO in a CNBC interview. Taylor Morrison CEO Sheryl Palmer said in the interview, "We are at multiyear lows as far as new and resale inventory, and, honestly, it's going to be very difficult for [...]