Economist Commentaries

Employment conditions remain broadly positive as of April 2019, with 2.6 million jobs created from one year ago (April 2019 State Employment Monitor).  Wages are broadly rising faster than [...]

NAR released a summary of pending home sales data showing that April’s pending home sales pace was down 1.5 percent last month and fell 2.0 percent from a year ago. Pending sales represent homes [...]

There continues to be a price mismatch between homebuyers and sellers, according to REALTORS® who responded to NAR’s April 2019 REALTORS® Confidence Index Survey. In April 2019, REALTORS® [...]

Amid sustained economic expansion and the lowest unemployment rate since 1953, commercial property prices are still broadly trending upwards although at a modest pace compared to past years, [...]

The REALTORS® Confidence Index (RCI)[1]  survey gathers monthly information from REALTORS® about local real estate market conditions, characteristics of buyers and sellers, and issues affecting [...]

NAR released a summary of existing-home sales data showing that housing market activity this April, modestly fell 0.4 percent from March 2019. April’s sales of existing homes dropped 4.4 percent [...]

With economic conditions working in favor of homebuyers, REALTORS® reported an uptick in homebuying traffic in March 2019 compared to one year ago, according to NAR’s March  2019 REALTORS® [...]

At the national level, housing affordability is down from last month but up from a year ago. Mortgage rates were down from last month at 4.51 percent this March, and down 2.6 percent compared to [...]

Job growth continues to increase strongly, with the economy generating 2.5 million jobs in March 2019 from one year ago. Payroll employment rose in March 2019 from one year ago in all industries [...]

NAR released a summary of pending home sales data showing that March’s pending home sales pace was up 3.8 percent last month but fell 1.2 percent from a year ago. Pending sales represent homes [...]