Monthly Archive:: June 2013

GDP Forecast

With the exception of the strong housing market recovery, the broad U.S. economy continues to underperform.  This week data on the GDP growth of 1.8 percent in the first quarter was uninspiring.  The long-term historical average GDP growth is...

Existing Home Sales by Price Category

Sales growth is highest in the $750,000 to $1 million price tier, and homes priced at $500,000 or more were 11.6 percent of sales in May, but even after declines in distressed sales, one out of every six homes...

Case-Shiller, FHFA Home Price Measures

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 second update discusses the Case-Shiller and FHFA home price measures....

New Home Sales

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 new home sales....

Median Days on the Market Down to 41 Days in May

Tight inventory has led to shorter time on the market. The median days on the market fell to 41 days in May (46 in April). Short-sales had the longest days on market at 79 days (73 days in April)...