Economic Updates Archive

Can Homeowners Cope with Lower Home Prices?

With interest rates on the rise, home prices have started cooling off.[1] On the one hand, the cooling of home prices in high-priced metro areas makes a home purchase more affordable, saving households nearly $50/month on a median-priced home.[2]...

Amazon’s New HQ Impact

After a year of anticipation, Amazon decided to split its new headquarters between Arlington County, VA and Long Island City, NY. Since Amazon picked not one but two locations for its second home, these two areas are expected to...

Workforce Migration and Affordability: A Closer Look

The workforce is moving to less affordable areas. – In the last 12 months, more than 1.7 million LinkedIn members who lived in the 20 largest metropolitan areas moved from a more affordable place to a less affordable place....

In Which States Did Properties Sell Quickly in September 2018?

In a monthly survey of REALTORS®, respondents reported that properties were typically on the market for 32 days (34 days on year ago), according to the  September 2018 REALTORS® Confidence Index Survey.[1]  However, the difference in median days in...

REALTORS® Expect Home Prices to Rise 2% Over the Next 12 Months

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?” Among approximately 3,000 REALTORS® who answered this...