“Homebodies” — homeowners who don’t want to give up their rock-bottom mortgage rates and seniors choosing to age in place — are keeping home sales from reaching their full potential, according to an analysis by First American Financial Corp. Continue reading
Daryl Fairweather of Redfin and Jeff Tucker of Zillow said the market would still continue to be strong through the end of 2021. Continue reading
As listing shortages and supply constraints on homebuilders drive up prices, risk of inflation grows, economists with Fannie Mae said. Continue reading
Black Knight’s latest Mortgage Monitor Report recorded “the highest annual home price growth rate we’ve ever seen” in records going back nearly 30 years. Continue reading
The number of sales involving higher-end homes rose by 26 percent year over year, outpacing the less expensive end of the market. Continue reading
Home prices continue to soar all over the United States, seeing double-digit annual growth for the third month in a row. Continue reading
National home prices were up 14.8 percent from a year ago, “wiping out any affordability boost” from rising household income and low mortgage rates, said First American Chief Economist Mark Fleming. Continue reading
Lawrence Yun, chief economist for NAR, reports that the GDP is back to its pre-pandemic peak, consumers are ready to spend their stimulus checks and single-family housing starts are ramping up. Continue reading
Amid widespread annual home price growth, 89 percent of all metro areas saw double-digit price gains, according to the National Association of Realtor’s First Quarter Metro Home Prices report. Continue reading
Homeseller profits were up from last year, but dipped slightly from the fourth quarter in the first quarter of 2021, according to ATTOM Data Solutions. Continue reading