REALTORS® Reported Strong Homebuying Activity and Low Supply in February 2017

In the monthly REALTORS® Confidence Index Survey, the National Association of REALTORS® asks members “How do you rate the past month’s buyer/seller traffic in the neighborhood(s) or area(s) where you make most of your sales?” REALTORS® reported strong home buying...

February 2017 Existing-Home Sales

NAR released a summary of existing-home sales data showing that housing market activity this February is down 3.7 percent from last month but improved 5.4 percent from last year. February’s existing-home sales reached the 5.48 million seasonally adjusted annual...

Broad Impact of the FHA Fee Freeze

In late January, the new Trump administration froze a number of policy changes made in the waning days of the Obama Presidency. One such change, a 25 basis point decrease in the mortgage insurance premium (MIP) charged by the...

Demand for Apartments Remains Solid in 2017

Economic activity continued on an upward trend in the last quarter of 2016, but at a slower pace, as the first estimate of real gross domestic product (GDP) from the Bureau of Economic Analysis documented. Preliminary figures indicated that...

Raw Count of Home Sales (January 2017)

Existing-home sales rose 3.3 percent in January from one month prior while new home sales increased 3.7 percent.  These headline figures are seasonally adjusted figures and are reported in the news.  However, for everyday practitioners, simple raw counts of...