Category Archives: Jones on Real Estate

State Employment Performance- March 2018

Jobs are everything to an economy.  Period. The following table shows the top-10 states’ job growth rates for the 12-months ending March 2018 using the 2018 revised data from the BLS (which tweaked numbers all the way back to 1990).  In addition to the one-year job growth rate, also included are the overall rankings for …Read more

Another Top-10 List (a Metric Baker’s Dozen) — Cites With High Salaries and a Low Cost of Living 2018

For workers, (not considering subjective factors such as weather) factors such as health services and related amenities impact overall livability.   The best places to call home from a financial perspective are likely those that have a low cost of living and higher salaries.   These may indeed be or become the magnets to where Millennials are …Read more

2018 & 2019 Residential Refinance and Purchase Lending Forecasts as of March 2018

As we economists say, “forecasting is difficult, especially the future.”   Fortunately, Fannie Mae, Freddie Mac and the MBA update their quarterly and annual forecasts monthly for residential lending volumes –  both refinance and purchase transactions. The forecasts typically span a three-year period, currently from 2017 to 2019. While the MBA is the sole forecaster of 2020 …Read more

New Home Sales in February 2018 Flat Versus a Year Ago

New homes sales of 618,000 on seasonally adjusted annualized rate (SAAR) were essentially unchanged from both a year ago and the prior month.    There were 305,000 new homes available for sale at the end of February 2018 equating to an estimated 5.9 months inventory.  In comparison, existing homes had a miniscule 3.4 month inventory …Read more

Existing Home Sales Ratcheted Up 1.1 Percent Vs a Year Ago in February 2018, Reversing a Miss in January — Despite Shrinking Inventory

Sales of existing homes ratcheted up 1.1 percent in February 2018 compared to a year ago, hitting a seasonally adjusted annualized sales rate (SAAR) of 5.54 million homes according to the National Association of Realtors® (NAR).  On a raw unadjusted basis, home sales of 319,000 in February 2018 were up from 315,000 a year ago, …Read more