National Association of Realtors Trends Report

The National Association of Realtors (NAR) has revealed trend statistics on the real estate market. The number of U.S. households owned by minorities jumped from 17 percent in 1980 to 26 percent in 2000. The number is expected to increase to a whopping 34 percent by 2020. NAR also reported that 77 percent of American home buyers use an agent or broker, whereas 12 percent buy directly from a builder. It also reports that 66 percent of home buyers were so satisfied with their agent that they would likely use him/her again. [Lynne Schreiber, The Detroit News, September 30, 2005]