Daily Economic Update: GDP, Jobless Claims

Each day the Research staff takes a look at recently released economic indicators, addressing what these indicators mean for REALTORS® and their clients. Today’s update highlights the GDP, Pending Home Sales, and jobless claims....

Foreclosures: May Be In A Drawdown Mode

Respondents to the recent REALTORS® Confidence Index were asked about their most recent home listing. A foreclosure listing was reported by 9 percent and a short sale listing by 18 percent. Given that foreclosures are currently at the 27 percent...

Homeownership Rates

The homeownership rate declined a notch in the latest data to 66.5 percent in the first quarter of 2011, down from 66.6 percent in the prior quarter.  It marks the broad continuing decline since the peak bubble year in...

Daily Economic Update: Mortgage Purchase Applications, Durable Goods

Each day the Research staff takes a look at recently released economic indicators, addressing what these indicators mean for REALTORS® and their clients. Today’s update highlights mortgage purchase applications and durable goods orders....

Buyer Composition: Fewer First Time Buyers, More Investors

First time home buyers have recently declined to 34 percent of the total market of Existing Home Sales, down from a normal 40 percent, according to the most recent REALTORS® Confidence Index. REALTORS® have reported a number of instances...