June 7, 2021
The seller’s market continues as half of all U.S. homes sell above list price in May. Meanwhile, buyers continue to capitalize on mortgage rates below 3% as we see solid job gains in May. I take a closer look This Week in Real Estate.
“We are seeing some early signs that the market has reached its maximum temperature.”
Daryl Fairweather, Chief Economist, REDFIN
April 19, 2021
The time isn’t the only thing springing forward this spring! Housing production jumped over 19% in March despite rising lumber and material prices. Homebuilder confidence is also on the rise as builders face strong demand from potential buyers. Meanwhile, 5 U.S. housing records were shattered in March. I take a closer look at your top real estate news This Week in Real Estate.
“NAHB’s forecast is for ongoing growth in single-family construction in 2021, albeit at a lower growth rate than realized in 2020.”
NAHB Chief Economist Robert Dietz
April 12, 2021
The COVID-19 pandemic continues to shaped the housing market as homeowners get hit with a large property tax increase and the number of loans in forbearance programs decline drastically. Here’s a look at what’s topping the news This Week in Real Estate.
“Homeowners across the United States in 2020 got hit with the largest average property tax hike in the last four years, a sign that the cost of running local governments and public school systems rose well past the rate of inflation. The increase was twice what it was in 2019.”
Todd Teta, chief product officer for ATTOM Data Solutions
February 8, 2021
Home prices finish out 2020 by surpassing expectations as low supply continues to drive the market. Meanwhile, the rush to take advantage of historically low interest rates causes mortgage applications to spike at the end of January. We take a closer look at the top real estate market news This Week in Real Estate.
“While home price growth is expected to slow during 2021, it will remain high in the first half of the year and average growth for this year is expected to climb to 6.9%.”
CoreLogic Home Price Index Report
February 1, 2021
U.S. home seller profits are soaring, we take a look at the 2020 gains. Plus, the Fed plots a stable path ahead for mortgage rates, but will they remain low? And, there’s been a significant shift in interest for newly-built homes, what the latest Housing Trend Report is saying. We take a closer look This Week in Real Estate.
“Last year marked a unique year in the history of home prices and profits in the United States. A once-in-a-century health crisis tore through much of the nation’s economy but seemed to have the opposite effect on the housing market.”
Todd Teta, chief product officer at ATTOM Data Solutions.
January 24, 2021
Existing home sales and new construction permitting and starts reach their highest level since 2006, far surpassing what analysts predicted. Meanwhile, mortgage rates continue to hover at near record lows, below 3%. We take a closer look This Week in Real Estate.
“Home sales rose in December, and for 2020 as a whole, we saw sales perform at their highest levels since 2006, despite the pandemic.”
said Lawrence Yun, chief economist National Association of Realtors
January 17, 2021
There is plenty of room for optimism in 2021 as the housing market is expected to continue its upward trend. We take a closer look at the year ahead This Week in Real Estate.
“During the pandemic, we learned that most people who work in offices could be just as productive at home, and this new reality will help fuel home sales in the post-pandemic economy.”
said Lawrence Yun, chief economist National Association of Realtors
January 10, 2021
The average mortgage rate continues to fall! It fell to a record low sixteen times throughout 2020 according to Freddie Mac’s Primary Mortgage Market Survey. Then, the mortgage rate for a 30-year fixed loan fell two basis points to the lowest rate in the survey’s near 50-year history during the first week of the new year. This, as buyer demand for homes explodes and residential spending continues to lead construction spending. We take a closer look This Week in Real Estate.
“Even just a year ago, that didn’t seem probable, and it’s certainly not my baseline forecast, but we’d have to acknowledge that there is a chance rates could continue their secular decline.”
said Len Kiefer, Freddie Mac‘s deputy chief economist
January 3, 2021
Despite a worldwide pandemic, the real estate market continues to see record numbers as all major regions are posting double-digit year-over-year increases, mortgage rates fall to record lows 16 times in 2020, and why the experts believe the momentum will continue in 2021. We take a closer look This Week in Real Estate.
“People who would not consider buying or selling a home several years ago are now beginning to be tempted to consider that, and that will filter in continuously through 2021.”
said Lawrence Yun, chief economist at the National Association of Realtors
December 13, 2020
U.S. homeowners see major home equity gains in Q3 of 2020 as home price growth continues to set records and mortgage rates hit 14th RECORD LOW of the year. We take a closer look This Week in Real Estate.
“The housing market has remained a strong pillar in an otherwise tumultuous economic year. A sharp rise in demand, spurred by record-low interest rates, continues to bolster homeowner equity. And with many people now spending more time than ever before at home, some homeowners have tapped into their strengthening equity to fund renovations.”
said Frank Martell, president and CEO of CoreLogic.
