Economic Updates Archive

Steel and Aluminum Tariffs Expected to Have Most Impact on Construction and Motor Vehicles

Imposing a 25 percent tariff on imports of steel  and a 10 percent tariff on imports of aluminum, even if excludes those imports from Canada and Mexico, will raise the price of newly constructed home. The United States imported...

In Which States Did Properties Sell Most Quickly in January 2018?

Amid strong demand and tight supply, REALTORS® reported that properties that sold in January 2018 were typically on the market for 42 days, down from 50 days compared to the same month last year, according to the  January 2018...

What Would an Increase in Mortgage Rates Mean for Homebuyers?

Experts forecast that the U.S. economy is in for yet another solid year of strength, albeit not at the same level as in 2017. NAR expects that the mortgage rate for a 30-year fixed mortgage will rise to 4.4...

In Which States Did Properties Sell Most Quickly in December 2017?

Amid strong demand and tight supply, REALTORS® reported that properties that sold in December 2017 were typically on the market for 40 days in November 2017, down from 52 days compared to the same month last year, according to...

REALTORS® Typically Expect Home Prices to Increase 3% in 2018

In the monthly REALTORS® Confidence Index Survey, the National Association of REALTORS® asks members “In the neighborhood or area where you make most of your sales, what are your expectations for residential property prices over the next year?” Among...