Economist Commentaries Archive

Residential and Commercial Sales Bolstered Land Market in 2017

The dollar volume of U.S. land sales rose at a stronger pace of 4% percent in the months of October 2016‒September 2017 compared to levels in the prior 12-month period[1], according to respondents in the 2017 Land Market Survey...

REALTORS® Reported Strong Buyer Traffic but Weak Supply in Many States in November 2017

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 buyer traffic...

November 2017 Housing Affordability Index

At the national level, housing affordability is down from last month and down from a year ago. Mortgage rates increased to 4.19 percent this November, up 9.3 percent compared to 3.82 percent a year ago. Housing affordability declined from...

Martin Luther King, Jr. Day 2018

Martin Luther King, Jr. Day is observed on the third Monday of January and marks the birthday of Rev. Dr. Martin Luther King, Jr. This holiday is also recognized as a day of service, and is an opportunity to...

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

Amid strong demand and tight supply, REALTORS® reported that properties that sold in November 2017 were typically on the market for 40 days in November 2017, down from 43 days compared to November 2016, according to the  November 2017...