Pending Home Sales Spike 16 Percent in June
According to the National Association of Realtors, pending home sales continued to ascend in June, 2020 sustaining two consecutive months of increases in contract activity. Each of the four major…
U.S. Home Prices Jump 14 Percent Annually this Summer
According to a new housing report by Redfin, median U.S. home sales prices increased 14% from 2019 to $319,978 in August 2020 — the highest on record. The 14% year-over-year…
Mortgage Applications Increase in Mid-November
According to the Mortgage Bankers Association’s latest Weekly Mortgage Applications Survey for the week ending November 20, 2020, U.S. Mortgage applications increased 3.9 percent from one week earlier. The Market Composite Index,…
U.S. Multifamily Construction Sentiment Declines in Fourth Quarter
According to the latest Multifamily Market Survey by the National Association of Home Builders, confidence in the market for new multifamily housing declined in the fourth quarter of 2020. The MMS produces…
U.S. Remodeling Industry Confidence Spikes in Early 2021
The National Association of Home Builders latest Remodeling Market Index in the first quarter of 2021 posted a reading of 86, up 38 points from the first quarter of 2020. The finding…
U.S. Housing Shortage Increases in March, Driving Prices Up 18 Percent
U.S. property broker Redfin is reporting this week that the median home-sale price increased 18% year over year to $344,625–an all-time high. Mortgage purchase applications increased 6% week over week…
Black Wealth May Grow by $500 Billion from U.S. Housing Gains in Coming Decade
Based on new research by Zillow, incremental increases in U.S. homeownership rates and home values among Black households would help shrink the current $3 trillion racial wealth gap by hundreds…
Condos Making a Comeback in U.S., Despite Ongoing Covid Issues
National property broker Redfin is reporting this week that the typical condo in the U.S. sold above its asking price in June 2021, for just the second time since at…
Florida Coastal Cities Grow at the Expense of California Coastal Cities in 2020
According to CoreLogic’s newly released 2020’s Hottest Cities for Homebuyers report, more U.S. homebuyers moved to affordable, coastal metro areas in Florida like Lakeland and Tampa, as many moved away from large…
U.S. Homeowners Enjoyed $3 Trillion of Equity Gains in Q2
Based on CoreLogic’s latest Homeowner Equity Report for the second quarter of 2021, U.S. homeowners with mortgages (which account for roughly 63% of all properties) have seen their equity increase…