Category Archives: Jones on Real Estate

Best State Capitals to Live In — 2019

State capitals are no-doubt the bastions of political power in each state – at least when the legislatures are in session.  Many of the state capitals are also home to universities and colleges and major businesses and industries.  Others (17 by count) are the largest cites in each state.  But just like all cities, each …Read more

New Home Sales February 2019 — Up 4.9 Percent Sequentially from January but Essentially Flat Vs a Year Ago

New single family residential (SFR) home sales of 667,000 on seasonally adjusted annualized rate (SAAR) in February far exceeded analyst expectations and were up 4.9 percent sequentially from January, but essentially unchanged from a year ago (up 0.6 percent). There were an estimated 318,000 new homes available for sale at the end of February 2019 …Read more

2019-2020 Forecast Housing Sales & Median Prices

Change is inevitable and constantly occurring.  While the speed of change varies, change goes on – another Axiom (truth) regarding the U.S. economy and demand for real estate. Each month, Fannie Mae, Freddie Mac and the Mortgage Bankers Association update and revise their forecasts for new and existing housing sales and median prices, with Fannie …Read more

Residential Lending Volume Forecast 2019-2020: Refi & Purchase Lending Volumes & Interest Rates as of March 2019

One year ago the expectation was for rising interest rates and plunging refinance lending volumes.   Yet as of March 28, 2019, the 30-year conventional mortgage interest rate fell 22 basis points from the prior week to 4.06 percent according to Freddie Mac’s Weekly Primary Mortgage Market Survey.  The drop was the largest one-week decline seen …Read more

State Job Growth Rates and Metrics — February 2019

This continues the theme that Axioms are truths, and my primary Axiom is that Jobs Are everything to the economy.  Period. Variability in job growth exists across all states at any point in time and also within the same state over a time period.    As usual, I invoke the TINSTAANREM axiom — There Is …Read more

Existing Home Sales in February 2019 Up Sequentially from January by 11.8 Percent, But Were Down 1.8 Percent from a Year Ago on A Seasonally Adjusted Annualized Basis

Existing home sales jumped 11.8 percent from January 2019 to February 2019 on a seasonally adjusted annualized rate, the largest one-month gain seen since December 2015.  Sales rose to 5.51 million on a seasonally adjusted annualized basis (SAAR) according to National Association of Realtors® (NAR).  February sales, however,  were off 1.8 percent on a year-over-year …Read more

Top-Paying Jobs in the U.S. 2019

As mentioned in prior blogs, perhaps the most frequent question I receive is, “What should my __________  (daughter, son, granddaughter, grandson –fill in the blank) study in college to be successful?”  Success is not necessarily a function of what a person studies.  While some people forgo compensation and pursue their personal desires, others are more …Read more

Net Federal Funding Per Capita by State — 2017

While residents and businesses from each state pay taxes to the federal government, each state also receives grants, programs and payments back from the feds.  The amount sent and received on a per capita basis is not equal.  Some states received more money back per capita than the state paid while others paid more than …Read more