Category Archives: Jones on Real Estate

State GDP Growth Q3 2020 to Q4 2020

Gross Domestic Product (GDP) is the value of all the goods and service produced.  Along with job numbers, GDP is among the best indicators for economic performance. The U.S. saw the largest decline in GDP in history in Q2 2020 due to the pandemic, plunging 31.4 percent on an inflation-adjusted annualized basis. That was followed …Read more

Jobs Report – U.S. Metros February 2021

Jobs continue to be recovered since the plunge seen at the onset of the pandemic in 2020.   Though the U.S. recouped another 379,000 jobs in February 2021 nationwide, there still remains 9.47 million yet to be brought back.   The recovery rate of jobs, however, differs across the country.   Various metrics for 380 of the Metropolitan …Read more

State Job Growth Rates February 2021

The U.S. continued recouping jobs lost a year ago at the onset of the pandemic, with 30 states posting jobs gains from January to February 2021 on a seasonally adjusted basis based on data from the U.S. Bureau of Labor Statistics.  Six states posted no change in jobs from January to February while 14 states …Read more

March 2021 Fannie Mae-MBA Forecast Summary

Each month Fannie Mae and the MBA release forecasts (both quarterly and annual) for housing and related lending.  This summarizes their latest outlook as of March 2021.  Interest Rates Not only do Fannie Mae and the MBA disagree on where interest rates are heading, they even see different average rates last year in 2020.  Fannie …Read more

New Home Sales January 2021

New home sales rose an estimated 19.3 percent on a seasonally adjusted annualized rate (SAAR) in January 2021 compared to one-year ago, and were up 4.3 percent sequentially from December 2020 according to the United States Census Bureau.  Total sales in January 2021 on a SAAR were an estimated 923,000.  Median new home price in …Read more

Existing Home Sales Enter 2021 in Throttle-Up Setting

Existing home sales rocketed-up 23.7 percent in January 2021 on a seasonally adjusted annualized rate (SAAR) of 6.69 million sales compared to the same period one-year ago according to the National Association of Realtors® (NAR).  It was the most homes sold on a SAAR since April 2006.   On a non-seasonally adjusted basis, the 367,000 homes …Read more