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

About the Author

Katy Korby is the CFO of the Korby Home Team. Her passion is ensuring that our clients have an out-of-this-world experience selling their homes with the Korby Home Team. Katy comes to us with a diverse background and a unique skill set that enhances the client experience. Her attention to detail and care for people make her a wonderful asset to the team. Graduating with a degree in Theater, Katy has performed in numerous plays and most recently starred in a locally produced indie film that is being entered info film festivals around the nation. Katy’s experience in the work world include many positions within the accounting world including tax preparation, bookkeeping, and full-charge accounting. Most recently before joining the Korby Home Team, Katy was the Market Center Administrator for Keller Williams Integrity Realty in Roseville, where she was the full-charge accountant and handled budgeting and forecasting for the company as well as day to day operations and administration of an 80 person real estate office. Katy and her husband have two children, Libby and Calvin, and have lived in Como Park for almost two decades. In 2013, Katy completed the Tough Mudder 10 mile event and is a proud member of the “Finishers” group! For fun, Katy loves reading, photography and gardening and spending time with her family.