Economist Commentaries Archive

November 2017 Pending Home Sales

NAR released a summary of pending home sales data showing that November’s pending home sales pace was up modestly 0.2 percent last month and up slightly 0.8 percent from a year ago. Pending sales represent homes that have a...

REALTORS® Expect Nearly 3% Home Price Growth in the Next 12 Months

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...

November 2017 Existing-Home Sales

NAR released a summary of existing-home sales data showing that housing market activity this November jumped 5.6 percent from last month and rose 3.8 percent from last year. November’s existing-home sales reached 5.81 million seasonally adjusted annual rate. The...

Most REALTORS® Expect “Strong” Market Conditions in the Next Six Months Based on November 2017 Survey

In the monthly REALTORS® Confidence Index (RCI) Survey, the National Association of REALTORS® asks members “What are your expectations for the housing market over the next six months compared to the current state of the market in the neighborhood(s)...

61 Percent of First-time Buyers Made a Low Downpayment in November 2017

Among first-time buyers who purchased a property through a mortgage in December 2016–November 2017, 61 percent, on average, made a zero to six percent downpayment, according to the November 2017 REALTORS® Confidence Index Survey. The share of first-time buyers...