The 2017 International Builders’ Show (IBS) marks my 26th consecutive year of attendance.
New Home Sales
The NAR says current economic conditions are favorable for first-time buyers.
U.S. housing was affordable despite increasing prices nationwide
The readings far exceed what economists forecasted
Photo: Mark Moz/Flickr
Half of major metros are seeing increasing sales thanks to a rebound in the share of all-cash purchases, and a growing share of FHA buyers
Compared to any other age group, Younger Boomers bought the most multigenerational homes
A study found that 93 percent of 75.3 million Millennials want to own a home in the near future
Demographic and economic changes are forecasted to create 15.9 million additional households by 2024
Homes are starting to stay on the market longer than two months, shifting to a buyer’s market
Good jobs and a charming downtown help get towns on the list
The NAR says first-time buyers aren’t the ones snatching up homes