Economist Commentaries Archive

August 2018 Existing-Home Sales

NAR released a summary of existing-home sales data showing that housing market activity this August was steady yet flat from last month, and dropped 1.5 percent from last year. August’s existing-home sales maintained a 5.34 million seasonally adjusted annual...

REALTORS® Confidence Index Survey: August 2018 Highlights

The REALTORS® Confidence Index (RCI) [1] survey gathers monthly information from REALTORS® about local real estate market conditions, characteristics of buyers and sellers, and issues affecting homeownership and real estate transactions.[2] This report presents key results about market transactions...

Labor Day 2018: Celebrating Hard-Working REALTORS®

Looking at data from the 2018 Member Profile we recognize REALTORS® for their hard work and successes this Labor Day. Sixty-five percent of REALTORS® are licensed as sales agents, 21 percent as brokers, 15 percent as broker associates, and two percent...

July 2018 Pending Home Sales

NAR released a summary of pending home sales data showing that July’s pending home sales pace was down 0.7 percent last month and fell 2.3 percent from a year ago. Pending sales represent homes that have a signed contract...

With Higher Mortgage Rates and Home Prices, REALTORS® Reported Slower Homebuying in July 2018

In a monthly survey of REALTORS®, respondents are asked “Compared to the same month last year, how would you rate the past month’s traffic in neighborhood(s) or area(s) where you make most of your sales?” Respondents rate seller traffic...