Monthly Archive:: April 2013

Case-Shiller Price Index

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 the Case-Shiller price index....

Cash Sales: 30 Percent of Residential Sales

Approximately 30 percent of REALTORS® reporting on their last sale had a cash sale (32 percent in February). Investors and international buyers typically pay cash. About 9 percent of REALTORS® reporting a sale to a first-time homebuyer also reported...

Mortgage Rates are near record lows. How do they affect buyers qualified to buy a home?

In a previous post, we examined the impact of mortgage rates and house prices on the number of renters qualified to buy to show that lower mortgage rates, rising incomes and changes in house prices have affected the number...

Demand for Properties Continued to Expand Faster than Supply in March 2013

Strong buyer demand for residential homes continued to outpace supply in March. The Buyer Traffic Index rose to 69 while the Seller Traffic Index inched up to 41. This based on information in the March REALTORS® Confidence Index (RCI)...

Fewer Initial Claims for Unemployment Insurance

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....