Economists' Outlook

Housing stats and analysis from NAR's research experts.
Nearly half a million net new payroll jobs were added in January; that figure is over a million if we include independent self-employed business owners. Such gains also mean that the Federal Reserve will stick to—or even accelerate—its plan to raise interest rates.
The fraction of buyers who are waiving appraisal and inspection contract contingencies has been trending downwards in recent months, with REALTORS® saying that 19% of buyers waived the inspection contingency in December 2021, down from 27% in July, and 21% waived the appraisal contingency, down from 29% in June.
In spite of the increased spread of the omicron variant in the closing weeks of 2021, retail property fundamentals continued to improve. In Q4 2021, retail net absorption was close to the year's high (recorded in Q3 2021) as vacancy decreased to a pre-pandemic low and asking rents for retail space increased.

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Housing Statistics

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