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.
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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.