Economic Updates Archive

Improving Housing Supply Conditions

NAR identifies metro areas with the highest deficit in home construction,, as well as those areas where the housing supply appears to be sufficient to meet the demands of home buyers. The Monthly Housing Shortage Tracker is an index,...

Where is the Workforce Moving?

What to expect from the local housing market? People are changing jobs every 4 years[1] on average, according to the U.S. Bureau of Labor Statistics. Since U.S. workers are changing jobs more frequently than a couple of years ago,...

No Housing Recession Over Horizon

Through the first half of 2018, existing-home sales are down just a tad, by 2.2%, while new home sales are up 7.4%. Home prices continue to move higher by 5%. Distressed property sales have fallen to historic lows, comprising...

Fastest-Selling Markets in June 2018

Amid strong demand and tight supply, REALTORS® reported that properties that sold in June 2018 were typically on the market for 26 days, faster than one year ago (28 days) and the same time as in May 2018, according...

Home Purchase Contracts Are Increasingly Being Settled on Time

More contracts are being settled on time, according to a survey of REALTORS® in the  May 2018 REALTORS® Confidence Index Survey.  The monthly survey asks REALTOR® respondents: “Think of your most recent sales contract in the past 3 months...