The new S&P CoreLogic Case-Shiller Home Price Index reveals record-breaking August for home sales, up 21% over the 2006 pre-Great Recession high.
“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
“Buyers have begun to take to the city’s outskirts as serious options causing listings to struggle to keep up with demand.” — Mike Opyd, Broker/Owner, RE/MAX NEXT
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.
Economic recovery slumps as initial jobless claims unexpectedly jump.
A Redfin analysis found that the Trump name no longer commands the same price premium it once did.
Redfin looked at the number of prospective homebuyers searching in the second quarter who wanted to change counties. Home search data revealed that 6.5% fewer people were looking for homes in blue (Democratic) counties than in swing or red (Republican) counties.
This year, buyers encountered a 21% decrease in listings from the beginning of 2020, along with a 17% price increase to about $20,000 more than anticipated.
The U.S. economy has recovered approximately half of the 22 million jobs lost during the height of the pandemic, according to the Labor Department.
It was a hard-fought effort to procure federal funds in the middle of a recession, but NAR announced that the president is poised to sign a bill that provides money for road projects and flooding.