Browsing Posts In: Economic Updates

November 10, 2016 Posted by: Lawrence Yun, PhD., Chief Economist and Senior Vice President

How will the real estate market be impacted by Donald Trump’s victory and Republicans controlling both chambers of Congress? Though Mr. Trump is a real estate man, his policy platform has been largely vague on real estate proposals.  Here are my thoughts on how certain real estate issues may play out under President Trump and […]

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March 16, 2016 Posted by: Lawrence Yun, PhD., Chief Economist and Senior Vice President

The overall consumer inflation was virtually unchanged in February but some components are picking up steam thereby raising the prospect of a higher inflation and higher interest rates next year. Specifically, the overall consumer price index fell by 0.2 percent over the month, thanks to even lower gasoline prices than before. From one year ago, […]

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January 27, 2016 Posted by: Lawrence Yun, PhD., Chief Economist and Senior Vice President

Home sales of newly constructed homes rose solidly in December. The latest tally is the second highest monthly sales pace in nearly eight years. The annual total is the best in nearly a decade. The gain also affirms the continuing housing recovery and one key reason as to why the U.S. economy will avoid recession […]

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December 31, 2015 Posted by: Danielle Hale, Director of Housing Statistics

On January 1, 2016 the minimum wage will rise in 14 states. What is the minimum wage in your area? How do minimum wage workers interact with the housing market in your area? Regardless of one’s position on the minimum wage, it is helpful to learn more about it. The federal minimum wage is prescribed […]

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December 16, 2015 Posted by: Lawrence Yun, PhD., Chief Economist and Senior Vice President

Here is a look at the latest housing starts for November 2015. New home construction rose significantly in the latest month and is on track for most activity since 2007. Still, significantly more construction is needed to relieve the housing shortage that is developing and will become very visible once the spring home buying season […]

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November 25, 2015 Posted by: Ken Fears, Director, Regional Economics and Housing Finance

The Federal Housing Finance Agency (FHFA) announced the conforming loan limits for 2016 today. Limits will rise in a 39 counties around the country. The national conforming limit remains unchanged, but could rise in the near future. Every year, the FHFA evaluates home price growth at the national level in order to adjust the national […]

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Posted by: Lawrence Yun, PhD., Chief Economist and Senior Vice President

There was a big rebound in new home sales in October after a very poor showing in September. Even with the gain, the sales pace of newly constructed homes is only about half of what it should be. Home builders need to get busier. Specifically, the annualized sales pace in October was 495,000, a gain […]

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November 18, 2015 Posted by: Ken Fears, Director, Regional Economics and Housing Finance

Applications for purchase mortgages surged 11.9 percent for the week ending November 13th after a tepid 0.1 percent gain in the prior week, but the 4-week moving average remains strong. The volume of applications surged in the lead up to the implementation of the new Know Before You Owe (KBYO or TRID) rules on October […]

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November 4, 2015 Posted by: Lawrence Yun, PhD., Chief Economist and Senior Vice President

Utah continues to hold the lead in job creation in the latest data. Idaho and South Carolina are catching up and narrowing the gap. At the opposite end, any state with an exposure to energy production is getting slammed. North Dakota and West Virginia have measurably fewer jobs now compared to one year ago. It […]

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October 15, 2015 Posted by: Lawrence Yun, PhD., Chief Economist and Senior Vice President

Though the headline shows no inflation, rents are now rising at the fastest pace in 7 years. Moreover egg prices are up 37 percent from one year ago. The lower gasoline prices are in essence masking much of inflationary pressures from other items. The overall consumer inflation fell 0.2 percent over the month in September […]

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