Current Market Data
“It’s almost as if the housing market and the overall economy are operating in different worlds.” — Todd Teta, chief product officer at ATTOM Data Solutions
Home sales soared 20.9% year over year to 6.5 million in September, according to the National Association of Realtors.
National Association of Realtors Chief Economist Lawrence Yun called September’s rise in housing starts “welcome news.”
“The slight decline in bidding wars (nationally) is largely a reflection of a seasonal cooldown, which typically starts in the late summer but was delayed by a few months this year,” said Redfin chief economist Daryl Fairweather.
A new report from CoreLogic shows U.S. single-family rent price growth is moving toward stabilization.
Most Realtors know a fresh coat of new paint can transform a space, but do they know which colors will attract buyers? A new study has the answer.
Homesellers continued to sell homes to each other in September, making the market resemble a game of ‘housing musical chairs,’ according to First American chief economist Mark Fleming.
“If sky-high prices continue to lure more sellers into the market, it could prompt the inventory rebound we’ve been waiting for — which would be welcome news for frustrated buyers.” — Javier Vivas, director of economic research for realtor.com
“Increasing house price appreciation in suburban zip codes points to higher demand relative to supply in the suburbs but does not necessarily indicate what’s fueling the demand,” the study notes.
Four months into the pandemic, the 120-day delinquency rate for July spiked to 4.1%, the highest rate in more than 21 years and double the December 2009 Great Recession peak.