Bidding Wars Decrease, Is Relief on the Way for Buyers?
Bidding wars have seen a decrease this summer, while the number of listings has grown, possibly meaning relief is on the horizon for buyers struggling to find a house. Read more at Parealtors.org
Condos See Spike in Interest
Consumers are having a renewed interest in condos. Whether it’s the lack of available options of single-family homes on the market or more people feeling comfortable moving back to urban areas... Read more at Parealtors.org
Foreign Buyers’ Home Purchases in U.S. Decline
Property purchases from foreign buyers in the U.S. dropped 27% year over year in March 2021. According to NAR’s 2021 Profile of International Transactions in U.S. Residential Real Estate, foreign buyers purchased only $54.4 billion of U.S. homes from April 2020 through March 2021, the height of the coronavirus pandemic. This…
CDC Issues New Targeted Eviction Moratorium Through October
The CDC issued a new “targeted” eviction moratorium through at least Oct. 3, 2021, as a result of the increasing COVID-19 infection rate across the country. Read more at Parealtors.org
There’s a big shift happening in the housing market
Breakneck. That's the best way to describe the pace of the 2021 housing market. The bidding wars got so intense this year that home price growth set an all-time record. Read more at Fortune.com
Another Strong Jobs Report
This was another very strong unemployment report by the Bureau of Labor Statisticss (BLS) with 943,000 new nonfarm payroll jobs added in July... Read more at Populareconomicsblog
June home sales soared as the number of homes for sale grew
With the nationwide housing shortage a topic of conversation and concern for consumers, homebuilders, policymakers and real estate companies in recent years, an increase in the number of homes for sale in June 2021 was welcome news. Read more at Remax.com
The Housing Market Shows Signs of Softening – Has It Topped Out?
For many months now, it’s seemed like nothing could slow down the American housing market. But wait! The tide may be beginning to turn—even if just a little. Read more at Realtor.com
Housing Affordability Continues to Remain a Challenge for Many Buyers
For the second quarter of 2021, median home prices of single-family homes are less affordable than historic averages in nearly two-thirds (61%) of counties in the U.S. Read more at parealtors.org