Economic Updates Archive

A Look at Pending Home Sales Numbers for May

NAR released a summary of pending home sales data showing that May’s pending home sales pace is down 0.8 percent from last month and down 1.7 percent from a year ago. Pending sales are homes that have a signed...

Regulatory Framework Cuts Bank Capital for Commercial Deals in REALTOR® Markets

Based on the Expectations & Market Realities in Real Estate 2017: Intersection of Global Change report—released by Situs RERC, Deloitte and the National Association of REALTORS®—commercial real estate (CRE) investors took a step back during 2016. Large cap CRE...

Online Home Value Estimates Are NOT Appraisals

Where are these home value estimates coming from? The prevalence of technology gives anyone more access to a broad spectrum of information on the internet. In real estate, access to property details and values is easier due partly to...

State Job Growth Comparisons: May

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Building Permits: A Closer Look

Building permits increased in most markets, but we see fewer permits and more expensive construction in high-priced markets. In the era of limited housing inventory, adding new construction is one of the means to deal with housing affordability issues....