Current Market Data
The report added that vacation homes and affordable homes in small towns near major urban centers were in strong demand as a result of the pandemic.
Homebuyers continued to take advantage of historically low interest rates in January, snapping up homes still on the market
The trend of purchasing a second home has sent home prices in seasonal towns skyrocketing in value by 19% for the year ending December 2020.
The COVID-19 pandemic is accelerating migration across the country, following moving patterns that began in prior years, according to a new report.
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.
We live in uncertain times and clients these days, perhaps more than ever, are asking themselves if now is the right time to buy. Fence-sitters beware, though, says a new study from Zillow, which notes that waiting could mean
“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.
“The shortage of homes priced less than $300,000 pushed buyers toward higher-priced homes.”
New home construction accelerating, offering supply relief as 2021 begins.
It was the 5th best month of the year and outperformed most of 2019.
More affordable metros are replacing expensive coastal areas as top drivers of home value growth.
