Current Market Data
CoreLogic is predicting that, nationally, home prices will increase by another 2.9% by December 2021 as homeowners delay selling, inventory remains tight and interest rates stay low.
Fence-sitters thinking of buying a home beware, says a new study from Zillow, which notes that waiting could mean a much higher mortgage payment down the road.
“Context matters and each rising-rate era is different, says First American Chief Economist Mark Fleming. “The housing market response depends on the reason why rates are rising.”
Nationally, contract signings rose 21.4% from December 2019, with all regions reaching double-digit year-over-year increases.
Based on U.S. median one-bedroom rent, it would take 11 months to save for a 5% down payment for the median priced home in the U.S.
A new report ranks the glamour capitals of America — as well as the glamour deserts.
“Homeowners will see the value of their homes rise, but first-time homebuyers will face tougher competition from out-of-towners with big budgets.” — Daryl Fairweather, Redfin chief economist
Amid demand, housing inventory sank to historic lows.
New home construction accelerating, offering supply relief as 2021 begins.
It was the 5th best month of the year and outperformed most of 2019.
U.S. single-family rent growth exceeded pre-pandemic rates in November, according to latest CoreLogic report.
The Houzz 2021 Kitchen Trends Study highlights post-pandemic must-haves.
“Historically low-interest rates, a shortage of new housing inventory and limited new construction have contributed to rising home prices nationwide.” — Don Ganguly, senior vice president of Mynd Investor Services
The decline of home mortgage interest rates is continuing to fuel homebuying demand in December, pushing the median home-sale price up 13% nationwide to $334,300, according to a new report from online broker Redfin.
Here’s a little tidbit that might help clients decide whether or not it’s time to buy their first home — it could save them some money.
December marked the end of seven straight months of job growth.