March 2018 Housing Affordability Index

At the national level, housing affordability is down from last month and down from a year ago. Mortgage rates rose to 4.42 percent this March, up 8.2 percent compared to 4.28 percent a year ago. Housing affordability declined from...

More Properties Were Sold at or Above the List Price in March 2018

In a monthly survey of REALTORS®, the survey asks, “Compared to the original listing price, at how much of a net discount or net premium did the property sell?” According to a survey of REALTORS® who responded to the...

REALTORS® Expect Home Prices to Increase by Four Percent in the Next 12 Months

In a monthly survey of REALTORS®, respondents are asked “In the neighborhood(s) or area(s) where you make the most sales, what are your expectations for residential property prices over the next year?” Among the respondents, the median expected price...

Property Values By State from 2005-2017

Home price appreciation is an important topic in today’s economy. Using data from the American Community Survey (ACS), we can analyze the gains and losses of property values over time. I estimated the median property values by state in...

March 2018 Existing-Home Sales

NAR released a summary of existing-home sales data showing that housing market activity this March increased 1.1 percent from last month but fell 1.2 percent from last year. March’s existing home sales reached 5.60 million seasonally adjusted annual rate....