Economist Commentaries Archive

Halloween 2018: The Uncommon Previous Careers of REALTORS®

Only five percent of REALTORS® stated that real estate was their first career in the 2018 Member Profile. Most commonly, members held previous full-time careers in management/business/financial sector (16 percent), and sales/retail (16 percent). Respondents are able to select...

Homebuying Demand Still Strong in Job-Creating Affordable States According to NAR September 2018 Survey

Based on REALTORS® who reported about their transactions in September 2018, home buying activity slowed compared to the level of activity one year ago on a national level, according to the  September 2018 REALTORS® Confidence Index Survey. The REALTORS®...

September 2018 Pending Home Sales

NAR released a summary of pending home sales data showing that September’s pending home sales pace was up 0.5 percent last month but fell 1.0 percent from a year ago. Pending sales represent homes that have a signed contract...

How Do Housing Market Conditions Compare in 2004 and 2018?

With interest rates rising and house price appreciation slowing down or depreciating in some metro areas, it is worth recalling the conditions that prevailed prior to the housing market’s downturn in 2005 and to compare these with current market...

REALTORS® Confidence Index Survey: September 2018 Highlights

The REALTORS® Confidence Index (RCI) survey[1] 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 from...