Economic Updates Archive

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...

Harnessing Technology for Everyone

By Bronwen Leibe Hi there! I am this summer’s research intern here at NAR! I attend the University of Maryland (go Terps!) where I am studying economics and history. I have been working on a few interesting reports and...
By
July 5, 2018

UPDATED: Online Home Value Estimates Are NOT Appraisals

This blog was originally published on June 29, 2017.  It has since been updated to reflect new data. Consumers who are seriously in the home buying and home selling market should be mindful of a variety of competing home...

25-34-Year-Old Population Has Been Rising, But Not Household Formation

First-time homebuyers accounted for 31 percent of all home sales transactions of REALTORS® in May 2018, according to the  May 2018 REALTORS® Confidence Index Survey. The share of first-time buyers has hovered at about this level for most of...

Median Prices Rose to Highest Level, But Inflation-Adjusted Prices Still Below Bubble Peak

The median sales price of all existing homes sold rose to its highest level in May 2018, to $264,800. This peak price exceeds the housing bubble peak of $230,400 in July 2006. The median sales price of existing homes...