Local Market Reports Archive

Home Prices Rebound, but Still Down from Peak

Back in the 3rd quarter of 2005, the national median home price peaked at $227,633. Nine years later, the national median was $216,367 in the 3rd quarter of 2014, a decline of 4.9%. While the national median sale price...

Regional Income Growth Gains Importance

Mortgage rates eased in the second half of 2014 based on unrest in Eastern Europe and fear of an economic slowdown in Europe. This decline in rates has helped to improve affordability, but rates are expected to rise over...

Local Market Reports: Job Creation

Despite a soft patch in the fall of 2013, job creation reversed course and pressed upward this spring and summer.  Of the more than 170 markets currently tracked by NAR Research, 85% had a stronger level of employment in...

Prices Ease to Stable Growth

Median price growth improved in 122 of 173 markets in the 2nd quarter of 2014.  Salem, Oregon surged 24.9% on a year-over-year basis followed by Eugene.  With the exception of Lansing and Charlotte, markets in the California, Nevada, and...

Two Year Change in Employment (by Metro Area)

Job creation and household formation are major drivers of the trend in home sales. Job creation has been strong but inconsistent over the last year. However, some areas have shown significant improvements. Notably, several formerly distressed markets have shown...