Economist Commentaries Archive

Raw Count of Home Sales (November 2017)

Existing-home sales rose 5.6 percent in November from one month prior while new home sales increased 17.5 percent.  These headline figures are seasonally adjusted figures and are reported in the news.  However, for everyday practitioners, simple raw counts of...

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)...