Local Market Reports Archive

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...

Jobless Recovery: Labor Market Change Over Last Two Years

The national unemployment rate eased from 6.7% in March 2014 to 6.3% in April 2014. While that figure is strong at face value, the decline was in part due to the departure of 806,000 workers from the labor force....

Owner Equity Gains Since Q1 2012

The median home price increased nearly 21% over the two-year period ending in the first quarter of 2014. Price gains were particularly strong in markets that experienced a sharp downturn during the recession, including markets in Arizona, California, and...