Economic Updates Archive

County Median Home Prices

Q2 2017 After the release of the Housing Price Index for the second quarter of 2017, we updated the median home price per county[1]. Applying the price change in the related metropolitan areas to every county, it seems that,...

July 2017 Existing Home Sales

NAR released a summary of existing-home sales data showing that housing market activity this July fell 1.3 percent from last month but improved 2.1 percent from last year. July’s existing home sales reached 5.44 million seasonally adjusted annual rate....

Will Falling Auto Sales Lead to Falling Home Sales?

Americans have been cutting back on vehicle purchases in 2017 after having reached a 17.8 million annualized pace in the fourth quarter of last year. The purchases were running 4% and 6% lower in first and second quarter of...

Where Does Job Growth Outpace New Housing Construction?

In the last five years, San Francisco metropolitan area added 345,700 new jobs, but issued permits for only 20,241 single-family units. Meanwhile, home prices increased by 54 percent[1]. During the same period, Houston created 307,500 new jobs and permitted...

‘Open House:’ A Tradition Still Alive and Growing

Do you scan the paper to find open houses while you are drinking your Sunday coffee? Despite all the changes technology has made in the housing market, the Sunday open house has undoubtedly been a tradition in real estate...