Echo Boomers represent the children of Baby Boomers, born from the mid-1970s to the late 1980s. Also known as Generation Y or Millennials, this group formed a significant demographic and influenced housing demand, especially between 1995 and 2006.
The Existing Home Sales (NAR) dataset is a comprehensive measure of the number of completed transactions involving single-family homes, condos, and co-ops. Reported by the National Association of Realtors® (NAR), the data is derived from more than 1,200 local Multiple Listing Services (MLS) and is crucial for gauging the health of the U.S. residential real estate market.
Homeownership rate represents the percentage of owner-occupied dwellings compared to the total occupied dwellings in a specific area, providing insight into housing stability and economic activity.
A technique within market analysis to estimate future demand for a property based on recent trends and projections.
The Pending Home Sales Index (PHSI)® is a data series produced by the National Association of Realtors® (NAR) that indicates the trends in sales contracts for houses, condos, and cooperatives. It serves as a leading indicator of closed home sales.
The S&P/Case-Shiller Index, also known as the Case-Shiller/S&P Home Price Index, is a collection of indices that tracks changes in the value of residential real estate in the United States. It is one of the most trusted measures for house price fluctuations across various metropolitan regions.
