Economist Commentaries Archive

Community Banks Are Main Source of REALTORS®’ Commercial Financing in 2014

During 2013, commercial real estate witnessed a noticeable reversal in capital availability.  Following exceedingly stringent capital standards and overly tight liquidity in the wake of the 2008 recession, funding sources broadened.  The trends accelerated during 2014, as most major...

REALTORS® Reported Slower Buyer Traffic in September

For the first time since January 2012, the Buyer Traffic Index, which captures on the aggregate how REALTORS® viewed traffic conditions in their markets, dropped  to 44  in September  (55 in August), according to data from the September 2014...

REALTORS®: Six-Month Single Family Home Outlook “Moderate”

REALTORS’® confidence about the outlook for the next six months for single-family homes is still generally “moderate” in many states, according to the September  REALTORS® Confidence Index Survey:  http://www.realtor.org/reports/realtors-confidence-index . The graphs below show a measure of REALTORS’® confidence...

Inflation and Mortgage Rates

There is no consumer price inflation to speak of – as of yet.  Even the expectation of future inflation rates remains low.  This is the key reason as to why mortgage rates remain at historically low rates and why...

Final QRM: Good for Consumers and Private Capital

After nearly three years of deliberation, regulators have finalized an important rule that impacts housing.  The Qualified Residential Mortgage (QRM) rule avoids an onerous and costly down payment requirement for consumers and gives creators of mortgage backed securities one...