Economist Commentaries Archive

Highlights of the August 2016 REALTORS® Confidence Index Survey

While local conditions vary, the REALTORS® buyer traffic and current conditions confidence indices remained above 50 in August 2016, indicating that more local markets were “strong” rather than “weak,” according to the August 2016 REALTORS® Confidence Index Survey Report.[1]...

Single-Family Homes Are a Buyer’s Best Friend

Overwhelmingly, home buyers have purchased detached single-family homes more than any other type of home in the last 35 years. Since 1981, the Profile of Home Buyers and Sellers has collected data on the types of homes purchased throughout...
September 23, 2016

REALTORS® Reported “Weak” Supply Amid “Strong” Demand in August 2016

In the monthly REALTORS® Confidence Index Survey, the National Association of REALTORS® (NAR) asks members “How do you rate the past month’s traffic in the neighborhood(s) or area(s) where you make most of your sales?” NAR compiles the responses on...

August 2016 Existing-Home Sales

NAR released a summary of existing-home sales data showing that housing market activity slowed for the second month in a row. August’s existing-home sales slid to the 5.33 million seasonally adjusted annual rate and existing-home sales are modestly up...

Growth Forecast for REALTOR® Firms

Let’s take a snap shot into the minds of REALTOR® firms and their projection for business in the near-term from the 2016 Profile of Real Estate Firms. First, we know that roughly half (47 percent) of all firms are...
September 22, 2016