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RSS Economist’s Outlook from the NAR

  • The Latest on Consumer Inflation November 21, 2014
    Lower gasoline prices are contributing to low overall consumer price inflation.  Low inflation in turn means interest rates can continue to remain at rock bottom rates.  However, one weighty component in consumer prices shows an accelerating trend:  namely, rents are rising at the highest pace in 7 years. Gasoline prices have fallen by over 10 […]
    Lawrence Yun, PhD., Chief Economist and Senior Vice President
  • Rise in Member Age: No Stop in Sight November 19, 2014
    The median age of members has been rising since data collection started in 1978. In 1978 the median age of NAR members was 42, today the median has risen to 56 years of age. In 1978 the share of members who were under 30 was 15 percent and remained in the double digits until 1987. […]
    Jessica Lautz, Director, Member and Consumer Survey Research
  • Mortgage Purchase Applications: Improvements November 19, 2014
    Seasonally adjusted applications to purchase homes jumped 11.7% for the week ending November 14th, a solid improvement in a series of gains following a weak trend in late October.  The purchase applications index is 6.1% lower than the same time in 2013.  Credit overlays and high cash shares continue to dog purchase application volumes, but […]
    Ken Fears, Director, Regional Economics and Housing Finance