New home sales, like existing home sales, continue to trend higher. Similarly, low inventory is pushing up prices. In September, new home sales were 389,000 (annualized rate after seasonal adjustment), which is a gain of 5.7 percent … [Read more...]
FHFA House Price Index
In each Economic Update, the Research staff analyzes recently released economic indicators and addresses what these indicators mean for REALTORS® and their clients. Today’s update discusses the FHFA house price index. FHFA house price index data … [Read more...]
Jobless Claims: Week of October 13
In each Economic Update, the Research staff analyzes recently released economic indicators and addresses what these indicators mean for REALTORS® and their clients. Today’s update discusses jobless claims for the week of October 13. Initial claims … [Read more...]
Housing Starts, Mortgage Purchase Applications
In each Economic Update, the Research staff analyzes recently released economic indicators and addresses what these indicators mean for REALTORS® and their clients. Today’s update discusses housing starts and mortgage purchase applications. There … [Read more...]
Apartment Demand Slows in Third Quarter
Having recently participated on a panel at the National Apartment Summit, I had a chance to discuss drivers of demand and overall trends for the multifamily market. Investors are still bullish on the performance of the apartment sector, though they … [Read more...]
Latest Housing Affordability Index Data
The recent Existing Home Sales release published showed a sixth consecutive month of single-family home prices higher than a year ago. What does this mean for affordability? The answer may surprise you. The August Existing Home Sales release … [Read more...]
