Existing home sales surge in September, major metropolitan areas see huge double digit home price gains in Q3 and single-family housing starts reach highest level since 2007. We take a closer look This Week in Real Estate.
“Home sales traditionally taper off toward the end of the year, but in September they surged beyond what we normally see during this season,”
Mortgage rates set record low for 10th time, U.S. mortgage credit availability dips in September, and new home sales are outpacing new home starts at a historic rate. We take a closer look This Week in Real Estate.
““With mortgage rates to remain near 3% for the next couple of years, homebuying activity is expected to stay strong for several more years,”
said Nadia Evangelou, a research economist for the National Association of REALTORS®, wrote on NAR’s Economists’ Outlook blog.
Homes sold two weeks faster in September due to unusual surge!
Pending home sales hit all-time high in August, homes sold 2 weeks faster in September due to an unusual surge in demand and another month of strong gains in August for single-family construction. We take a closer look at this week’s top real estate market stories This Week in Real Estate.
“Unseasonably high buyer interest coupled with historically low inventory and favorable mortgage rates are creating a perfect storm in the housing market.”
said Danielle Hale, chief economist at realtor.com.
The Berkshire Hathaway HomeServices Quarterly Market Report features the latest MLS data and local market statistics. Through year-over-year comparisons of key performance indicators and market summaries, this report delivers a comprehensive overview of residential real estate activity in Lane and Douglas Counties. Learn about trends affecting sales activity and price, read decisive takeaways for each market and empower yourself with Northwest Knowledge.
Existing home sales climb to record in June, U.S home seller profits rise to 36% in 2nd quarter, and home buyer purchase plans have not significantly changed because of COVID-19. We take a closer look This Week in Real Estate.
“The sales recovery is strong, as buyers were eager to purchase homes and properties that they had been eyeing during the shutdown. This revitalization looks to be sustainable for many months ahead as long as mortgage rates remain low and job gains continue.”
U.S. mortgage rates fall below 3%, breaking a 50-year record, builder confidence takes another massive jump and single family housing permits and starts were higher in June as housing demand and construction remain a bright spot for the economy. We take a closer look This Week in Real Estate.
Purchase activity reaches the highest level in over 11 years, homebuilder sentiment posts biggest monthly surge EVER, and gain for single family permits points to building growth. All data indicates a surge in market activity This Week in Real Estate. Click here to read more.
Historically low interest rates top real estate news This Week in Real Estate! For the third time in 2020 the mortgage market has recorded a new historical low for interest rates, according to the Mortgage Bankers Association. Plus, home prices are still appreciating despite the effects of COVID-19 according to CoreLogic’s newly developed Pending Price Index. Click here to read more.