Economic Updates Archive

In Which States Did Properties Sell Most Quickly in August 2018?

In a monthly survey of REALTORS®, respondents reported that properties were typically on the market for 29 days, just a day shorter time compared to one year ago (30 days), according to the  August 2018 REALTORS® Confidence Index Survey.[1]...

REALTORS® Expect Modest Rise in Home Prices, According to NAR August 2018 Survey

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?”  Based on the responses of approximately 3,000...

REALTORS® Reported Slower Homebuying in Many States in August 2018

Based on REALTORS® who reported about their transactions in August 2018, home buying activity slowed compared to the level of activity one year ago, according to the  August 2018 REALTORS® Confidence Index Survey.  The REALTORS® Buyer Traffic Index[1] slid...

How Many Active Listings Can you Afford to Buy in the 100 Largest Metro Areas?

Find out how many of the homes which are currently listed for sale you can afford to buy based on your income. A typical household earning about $51,000[1] can afford to buy 36% of homes for sales in the...

July 2018 Housing Affordability Index

At the national level, housing affordability is up from last month but down from a year ago. Mortgage rates rose to 4.75 percent this July, up 14.7 percent compared to 4.14 percent a year ago. Housing affordability declined from...