More Homebuyers Making 20% Down Payments and Waiving Appraisal and Inspection Contract Contingencies

  • Post category:DataNews

Homebuyers who make a 20% down payment and waive appraisal and inspection contingencies are on the rise, based on the May 2021 REALTORS® Confidence Index (RCI) Survey which reports monthly transactions from a random sample of REALTORS®1. Read more at nar.realtor

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Real estate appreciation and housing market trends

  • Post category:DataNews

Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency. Date(s) & Update Frequency: Home Values, Rents: Reflects Q1 2021. Updated quarterly Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually See data at neighborhoodscout.com

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Eviction Proceeding Timelines Modified

  • Post category:News

In response to the COVID-19 pandemic, the Pennsylvania Supreme Court made emergency rule changes to some of the timelines relating to residential eviction proceedings before magisterial district judges. These modified rules went into effect on Jan. 1, 2021. After seeking public comment and additional feedback on the modified rules, the Supreme Court recently…

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Nearly 90% of Inventory Sold in Less Than a Month in April, NAR Reports

  • Post category:News

Eighty-eight percent of properties sold in less than a month, with the average home lasting on the market for 17 days in April, the National Association of Realtors® Confidence Index Survey for April, which surveys NAR members, found. This is an increase of 32% year over year, and homes lasted 10…

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