Monthly Archive:: January 2013

Unemployment Insurance Claims, GDP

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 unemployment insurance claims and GDP....

Foreclosed Real Estate Selling at a 17 Percent Discount

Based on information from the December 2012 REALTORS® Confidence Index Survey, distressed (foreclosed and short sale) property sold at a 16-17 percent discount in December. The discount to market is affected by the property’s physical condition. The unweighted average price...

Thirty-One Percent of Houses Sold in Less than One Month in December 2012

Tight inventory and multibidding have led to shorter days on the market. Based on information gathered from the December 2012 REALTORS® Confidence Index Survey, about 31 percent of REALTORS® who sold a home reported that the property sold in...

Falling Homeownership Rate

The homeownership rate fell again in the third quarter of 2012.  The latest 65.3 percent ownership rate (seasonally adjusted figures) is the lowest since 1996, when Bill Clinton was campaigning for his re-election.  But there is good news in...

Gap in Buyer and Seller Traffic Index Persists

Demand  continued to expand faster than  supply. The Buyer Traffic Index rose to 56  from 36 in the same period last year, while the  Seller Traffic Index barely moved, ending at 38 from 37 last year.  REALTORS® reported numerous...