Apr 27, 2021 | Market Trends, Real Estate
Fannie Mae economists saw a pronounced move away from dense cities during the pandemic. In a normal year, just over 9% of movers went from high-density zip codes to low-density ones. But in 2020, that figure jumped to 10.8% – a 20 percent increase over the prior...
Apr 26, 2021 | For Buyers, Market Trends, Real Estate
Housing inventory already sits at a record low. Now challenges from severe weather further shrink the supply. New listings are down more than 200,000 in the first two months of the year, compared to the average in previous years. The result: home prices are up 10%...
Apr 24, 2021 | For Buyers, For Sellers, Market Trends, Real Estate
Homes sold last month in an average of only 20 days on the market (compared to 36 days at this time last year). That may relax as higher prices and interest rates make housing less affordable. Also, there is more inventory hitting the market as builders add new homes...
Apr 20, 2021 | For Buyers, For Sellers, Home Financing, Market Trends, Real Estate
Home prices rose 11.1 % over the past year, the biggest jump in almost 15 years. Economists see monthly price gains beginning to slow and expect the frenzy to moderate as more inventory comes on the market in the spring and summer months. However, they warn that...
Apr 15, 2021 | Business, Market Trends, Real Estate
Goldman Sachs predicts that the U.S. economy will see 7% GDP growth in 2021, the highest figure since 1984. The combination of a fast pandemic recovery and the passage of the $1.9 trillion American Rescue Plan should also spill into 2022, with Goldman anticipating...
Apr 13, 2021 | For Buyers, Home Financing, Market Trends, Real Estate
Home prices have been against buyers for a while now, but soon, rates won’t be on their side either. We saw rates hit new record lows on 14 separate occasions in 2020, but the limbo game seems to be over. Buyers waiting to see if rates will dip back down in the coming...
