Housing Trends to Unwrap

• Prices up 6.3% YoY in Q3, compared to 6.7% the year prior.

• In Q3 2018, all 50 states saw price growth, but 35 states experienced a slower annual rate of appreciation.

"As more inventory enters the market and we head into the winter season, home price growth has begun to slow more meaningfully. This allows for much more manageable, less frenzied buying conditions."

— Lawrence Yun, NAR Chief Economist

Buyer Demographics

First-Time vs. Repeat Buyers

Pets Are a Priority

• Limits increase to keep pace with rising home prices, making it easier for more borrowers to qualify for financing.

• Marks the third annual increase after nearly a decade of loan limits remaining stagnant.

Like this content? Forward it to a friend or colleague, or share it on social media!

Sources:

[1] National Association of Realtors® (NAR), Existing-Home Sales, October 2018.

[2] Realtor.com® Market Recap, November 2018.

[3] Federal Housing Finance Agency (FHFA), Purchase-Only House Price Index, Q3 2018.

[4] NAR, 2018 Profile of Home Buyers and Sellers.

[5] FHFA Conforming Loan Limits 2019.