In response to recent subscriber feedback, the Economic Outlook Update™ (EOU) has been enhanced with new data relating to the real estate market. Current (and future) editions of the quarterly EOU will now feature: real estate investment trust (REIT) returns reported by National Association of Real Estate Investment Trusts®; property index returns by the National Council of Real Estate Investment Fiduciaries; and current and forecasted figures from the National Association of Realtors®. The new data include:
- Housing Affordability Index forecasts
- 30-year fixed rate and 1-year adjustable mortgage forecasts
- Home starts (single and multi-family), home sales and home price forecasts
To give appraisers and their clients a better perspective on historical trends, the EOU will also highlight current and historical VIX figures (a defined measure of S&P volatility), as well as current and historical Consumer Confidence Index and Consumer Sentiment Index figures.
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