Strong Economy’s Impact On Housing Market Shows In REALTOR Survey

The impact of the strong economy the U.S. is currently experiencing can be seen in the National Association of REALTORS (NAR) 2018 Member Profile.  In the NAR report when agents were asked about the most important factor limiting potential home-buyer clients from completing a transaction, the answers given in the most recent survey show a strong improvement in economy-related issues from the 2015 survey. For example, below are some highlights from the survey for the most important factor limiting potential buyers in completing a transaction:

  • Difficulty in obtaining financing dropped from 26% in 2015 to just 12% in 2018
  • Low consumer confidence dropped from 5% in 2015 to just 1% in 2018
  • Ability to sell existing home dropped from 6% in 2015 to 3% in 2018.