The Latest on Consumer Inflation

Lower gasoline prices are contributing to low overall consumer price inflation.  Low inflation in turn means interest rates can continue to remain at rock bottom rates.  However, one weighty component in consumer prices shows an accelerating trend:  namely, rents...

Rise in Member Age: No Stop in Sight

The median age of members has been rising since data collection started in 1978. In 1978 the median age of NAR members was 42, today the median has risen to 56 years of age. In 1978 the share of...

Mortgage Purchase Applications: Improvements

Seasonally adjusted applications to purchase homes jumped 11.7% for the week ending November 14th, a solid improvement in a series of gains following a weak trend in late October.  The purchase applications index is 6.1% lower than the same...

Home Builder Confidence

Home builders are expressing optimism for better days ahead.  They are partly right.  But their recent roaring confidence could be a bit misleading. The home builder confidence index reached its second highest monthly reading in nine years.  The latest...

The Global Economic Slowdown and the Impact on the U.S. Economy

The U.S. trade deficit will widen in the upcoming months and thereby trigger a slowdown in the U.S. economy.  Why? Japan has officially fallen into a recession with two straight quarters of economic contraction.  Eurozone economies are barely hovering...