Economic Updates Archive

A Deeper Dive Into Last Week’s Existing Home Sales Release

Last week, NAR released a summary of existing home sales data showing that August’s existing home sales declined despite having the second fastest sales pace of the year. August marks the first dip after four consecutive months of increased...

The Latest Case-Shiller Home Prices

The home prices of 20 large metro markets measured by Case-Shiller increased 6.7 percent over the past 12 months to July.  However, there is a marked deceleration in the price growth.  Price gains were in the double-digits for most...

Latest GDP and Forecast

The economy grew solidly in the second quarter, expanding at a 4.6 percent annualized rate. Business spending and residential investment from new home construction are leading the way. Such a fabulous growth rate, if it can be sustained, will...

Latest Trend in Repeat Price Index

Home prices appreciated 4.4 percent on average across the country. This increase reflects a genuine price growth for a typical home as it reflects a constant quality repeat-price measurement. Such a gain would translate into about $900 billion in...

Unemployment Insurance Claims Below 300K Benchmark for Week of Sept 20

Initial claims for unemployment insurance filed in the week ended September 20 increased slightly to 293,000. The increase of 12,000 can be considered as normal volatility and does not fully wipe out the gains of the previous week, when...