Current Market Data
As housing demands hold steady and home prices rise, the number of new listings, pending listings, closings and showings were up compared to this time last year.
As the economy slowly recovers from the early days of the pandemic, the share of loans in forbearance dropped for the seventh consecutive week, signifying a 40-basis-point decrease in the last two weeks.
Rent rates nationwide have been decreasing since the onset of the pandemic, but new data shows that in some cities, this could be changing in the near future.
With the lowest level of inventory in nearly 40 years, the 2021 spring market has homebuyers facing a level of competition not seen in a generation.
As they come of peak age for first-time homeownership, millennials are gaining an increasing share of today’s housing market.
The median sales price of homes across 53 metro areas rose to record highs in March, topping $300,000. In Houston, the median sales price rose 4.7% between February and March to $288,000.
Privately-owned housing starts jumped 19.4% from February’s revised estimate to a seasonally adjusted annual rate of 1,739,000, according to the U.S. Census Bureau and the Department of Housing and Urban Development
Forty-three percent of respondents to the first-quarter Zillow Home Price Expectations survey expect inventory to improve in the second half of the year, followed by 26% who expect it in the first half of 2022.
Homes listed on a Tuesday, Wednesday or Thursday are selling for more than those listed on the weekend, but how much varies by metro area.
A combination of a lack of inventory for low-priced homes, aggressive shopping among high-end homes and historically low interest rates led to a surge in the sales of single-family homes in March.