July Employment Report

Solid job gains of 209,000 in July, bringing the 12-month tally to 2.6 million.  Job gains will be critical for home sales and commercial leasing activity in what will inevitably be a rising interest rate environment ahead. Construction related...

REALTORS® Expect Modest Price Growth in Next 12 Months, Based on June 2014 REALTOR® Survey

REALTORS® generally expect home prices to increase in all states and the District of Columbia over the next 12 months, according to the June 2014 REALTORS® Confidence Index. The median expected price increase is 3.6 percent [1]. Expected price...

Latest GDP: Second Quarter

There was a sharp bounce back in GDP in the second quarter, with a 4 percent growth rate. This assures that a recession is not in the cards and that job gains will continue. Gross Domestic Product, or GDP,...

Homeownership Rate in the Second Quarter of 2014

The homeownership rate fell to 64.8 percent in the second quarter.  It marks the lowest ownership rate in nearly 20 years.  After peaking at 69 percent in 2004, the ownership rate has been steadily falling, at first from the...

Latest Existing Home Sales Data Release

NAR recently released a summary of existing home sales data showing that existing home sales continued to improve in June, reaching an annual pace of 5 million for the first time this year. June marks the third consecutive month...