Author Archive

Latest State Employment Trends (March 2015)

Utah, Florida, and Pacific Ocean states of Washington, Oregon, and California are rolling along in jobs.  Given clear linkage between jobs and home sales, REALTORS® in these states should expect busy activity. North Dakota and Texas, which had consistently...

Latest GDP (2015 Q1)

The latest GDP growth rate was next to nothing.  Without GDP, job growth and home sales will come to a halt.  Luckily, the weak growth in the first quarter appears to be a one-off event.  The upcoming GDP numbers...

Disappearing Shadow Inventory

One broad trend across the country has been a consistent and steady decline in shadow inventory.  There is already a shortage of visible inventory.  So a shorter shadow – those properties with serious mortgage delinquency or in some stage...

Raw Count of Home Sales (March 2015)

Existing home sales rose 6.1 percent in March from one month prior while new home sales fell 11.4 percent.  These headline figures are seasonally adjusted figures and are reported in the news.  However, for everyday practitioners, simple raw counts...

Latest New Home Sales (March 2015)

Contract signings to buy a newly constructed home fell in March from the prior month.  The likely reason is the lack of construction rather than the lack of demand.  The single-family housing starts had been lower in February and...