Housing Market: Then and Now

35 years of data is a lot to handle, especially when it comes to the housing market.  The National Association of Realtors (NAR) has been surveying and compiling data for a while now and release
an annual report right around Halloween.  NAR gave us a quick snapshot of trends:

  1. First-time homebuyer participation is depressed
  2. Real estate agents aren’t being replaced by the internet
  3. Buyers have been buying slightly bigger but the pace is at a standstill
  4. Down payments aren’t trending in recent years as they have over time
  5. Tight inventory has slowed the pace in the past 2 years, and the home search is taking longer

NAR also put together an info graph comparing the housing market from then and now – pretty interesting stuff!housing-then-and-now-2015-474x1024

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