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T.J. Doyle
Marketing and Communications Manager, Research Division
           National Association of REALTORS®
                    March 19, 2009
• NAR’s Research Division is located in Washington
 DC, and is comprised of 17 people.
• More than half are staff economists (including
 NAR’s Chief Economist Lawrence Yun).
• The Research Division produces new information
 on housing and the economy every day.
• Every month, NAR Research
 produces the Existing Home Sales
 report as well as the Pending Home
 Sales Index. The EHS numbers are
 often reported widely by the media.
• Everything Research does for you
 can be found here:
 www.realtor.org/research
8 page mailed survey to
   roughly 4,000 Northern
   Virginia consumers in
   August 2008
   Excellent survey return
   rate
   Those surveyed bought
   homes between July
   2007 and June 2008


Source: 2008 Profile of Home Buyers and Sellers
Source: 2008 Profile of Home Buyers and Sellers
Source: 2008 Profile of Home Buyers and Sellers
Source: 2008 Profile of Home Buyers and Sellers
Source: 2008 Profile of Home Buyers and Sellers
Source: 2008 Profile of Home Buyers and Sellers
U.S.




Source: 2008 Profile of Home Buyers and Sellers
Source: 2008 Profile of Home Buyers and Sellers
U.S.           NEW AND PREVIOUSLY OWNED HOMES
                                                                     PURCHASED
                                                                    (Percentage Distribution)
                                            100%

                                                     79%              79%                                 79%
                                                                                          78%
                                                                                77%               77%
                                            80%               72%

                                            60%


                                            40%
                                                           28%
                                                                                                23%
                                                                            23%       22%               21%
                                                   21%              21%
                                            20%


                                             0%
                                                    2001    2003     2004     2005      2006     2007    2008

                                                                     New     Previously Owned




Source: 2008 Profile of Home Buyers and Sellers
Source: 2008 Profile of Home Buyers and Sellers
Source: 2008 Profile of Home Buyers and Sellers
Source: 2008 Profile of Home Buyers and Sellers
Source: 2008 Profile of Home Buyers and Sellers
IMPORTANCE OF COMMUTING COSTS
                                                         Not     (Percentage Distribution)
                                                                      U.S.
                                                     Important
                                                       , 20%
                                                                                            Very
                                                                                         Important
                                                                                           , 41%




                                                   Somewh
                                                       at
                                                  Important
                                                    , 39%

Source: 2008 Profile of Home Buyers and Sellers
Source: 2008 Profile of Home Buyers and Sellers
Source: 2008 Profile of Home Buyers and Sellers
Source: 2008 Profile of Home Buyers and Sellers
Source: 2008 Profile of Home Buyers and Sellers
Source: 2008 Profile of Home Buyers and Sellers
USE OF INTERNET TO SEARCH FOR
                                                                HOMES
                                                                 U.S.
                                           100%

                                            80%                                        18%
                                                                                18%
                                                                         21%
                                                                22%
                                                         24%
                                            60%
                                                  29%

                                            40%
                                                                                       69%
                                                                                66%
                                                                         59%
                                                                57%
                                                         53%
                                                  42%
                                            20%

                                             0%
                                                  2003   2004    2005    2005   2007   2008
                                                          Frequently    Occasionally

Source: 2008 Profile of Home Buyers and Sellers
Source: 2008 Profile of Home Buyers and Sellers
Source: 2008 Profile of Home Buyers and Sellers
Source: 2008 Profile of Home Buyers and Sellers
Source: 2008 Profile of Home Buyers and Sellers
Source: 2008 Profile of Home Buyers and Sellers
Source: 2008 Profile of Home Buyers and Sellers
Source: 2008 Profile of Home Buyers and Sellers
Source: 2008 Profile of Home Buyers and Sellers
Source: 2008 Profile of Home Buyers and Sellers
Source: 2008 Profile of Home Buyers and Sellers
Source: 2008 Profile of Home Buyers and Sellers
Source: 2008 Profile of Home Buyers and Sellers
Source: 2008 Profile of Home Buyers and Sellers
Source: 2008 Profile of Home Buyers and Sellers
Source: 2008 Profile of Home Buyers and Sellers
Source: 2008 Profile of Home Buyers and Sellers
Source: 2008 Profile of Home Buyers and Sellers
Source: 2008 Profile of Home Buyers and Sellers
Source: 2008 Profile of Home Buyers and Sellers
Source: 2008 Profile of Home Buyers and Sellers
Source: 2008 Profile of Home Buyers and Sellers
Source: 2008 Profile of Home Buyers and Sellers
Source: 2008 Profile of Home Buyers and Sellers
Source: 2008 Profile of Home Buyers and Sellers
Source: 2008 Profile of Home Buyers and Sellers
Source: 2008 Profile of Home Buyers and Sellers
Source: 2008 Profile of Home Buyers and Sellers
Source: 2008 Profile of Home Buyers and Sellers
Source: 2008 Profile of Home Buyers and Sellers
Source: 2008 Profile of Home Buyers and Sellers
Source: 2008 Profile of Home Buyers and Sellers
Source: 2008 Profile of Home Buyers and Sellers
Source: 2008 Profile of Home Buyers and Sellers
Source: 2008 Profile of Home Buyers and Sellers
Source: 2008 Profile of Home Buyers and Sellers
Source: 2008 Profile of Home Buyers and Sellers
Source: 2008 Profile of Home Buyers and Sellers
Source: 2008 Profile of Home Buyers and Sellers
T.J. Doyle
Marketing and Communications Manager, Research Division
           National Association of REALTORS®
                    March 19, 2009

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