Multi-generation homes are becoming more common and the importance of living close to friends and family.
Overall, all regions are displaying growth in property values with only a few states showing no growth or losses.
Commercial real estate (CRE) deals at the higher end—$2.5 million and above—comprise a large share of investment sales.
At the national level, housing affordability is up from last month but down from a year ago. Mortgage rates increased to 4.15 percent this September, up compared to 3.78 percent a year ago.
The new tax reform legislation allows homeowners to take the deduction on their first $500,000 of mortgage debt, half of the current threshold.
Recent home buyers who were active-duty service members made up 3% of all recent buyers, and veterans made up 18% of all recent home buyers.
With less inventory, faster price growth may become a challenge for potential homebuyers.
The S&P CoreLogic Case-Shiller National Index shows that U.S. prices of single-family homes continue to rise.
Among all home buyers in the 2017 Profile of Home Buyers and Sellers, 85% purchased a previously owned home, typically a detached single-family home.
Supply conditions varied from weak to strong across states in July–September 2017 compared to conditions one year ago.
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