Sunday, January 28, 2007

Economic Indicators and Forecasts

Tools for Helping You Watch the Housing Market
The following links are useful and insightful ways for you to gauge the ebb and flow of the current housing market. I certainly hope you find these useful!
  • Current NAR Forecast: Contains a summary forecast table for key economic and housing variables. (27K PDF file)

  • Economic Indicators: NAR's analysis of economic indicators provides its members with the tools to interpret economic trends and apply that knowledge to their business. NAR Research analyzes the most important economic indicators that influence the real estate markets. These indicators include but are not limited to mortgage rates, new home sales, consumer confidence, Gross Domestic Product, personal income and consumption levels.

  • Real Estate Insights: This free web-based publication provides timely economic news, forecasts and trends of today's real estate market. Included are insightful commentaries by NAR's Chief Economist, Dr. David Lereah. Bookmark this site today! You can even download the print version of the new content each month.

  • 2005 NAR Profile of U.S. Real Estate Markets: This report reviews the economic and market conditions underlying the U.S. real estate market in the recent past and provide an outlook for the upcoming year. Major economic indicators are discussed in the first section. The housing market conditions are then examined, including housing stock, home sales and sales prices. Finally, the performance of the commercial real estate market is evaluated.

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