Buyer sentiment data shows that potential new homeowners are chilling out about purchasing in this seller’s market.
NAR says America’s housing stock is in a “dire situation”
June 23, 2021 by
The National Association of Realtors has called on U.S. policymakers to do more to address the lack of stock in the nation’s housing market, saying that the situation has become “dire” and that “now is the time to act”. The NAR’s report, Housing Is Critical Infrastructure: Social and Economic Benefits of Building More Housing, highlights
High price growth makes Austin the nation’s hottest housing market
June 9, 2021 by
Austin remains the hottest housing market in the nation, with the vast majority of its homes selling way above their list price, new data published by Redfin shows. All told, 74% of homes in Austin during April sold for above list price, the study found. Moreover, the metro area saw the fastest price growth in
As The Housing Market Boom Continues, What Lies Ahead For The Home Financing Market?
May 4, 2021 by
All eyes are on the housing market as everyone waits to see whether the boom will crash anytime soon. Since 2020, home prices have been on the increase in every state, and Americans have been contemplating suburb homeownership as they look for affordable home prices. According to estimates by real estate and mortgage analytics company Black Knight, home prices
Will the Current Boom Housing Market Crash Dive or Crash Land?
April 18, 2021 by
The housing bubble is bound to either burst, deflate, or revert due to normal market pressures. Experts differ on which will come to pass.
Developing Housing Market Concerns
March 5, 2021 by
After a short slump at the very beginning of the COVID-19 pandemic, the residential home market quickly recovered and prices soared most of 2020. Price increases were primarily due to ultra-low mortgage rates, strong buyer demand, and a limited number of houses for sale. Who would have thought that mortgage rates creeping toward 3% would
Redfin survey shows greater optimism for housing in 2021
January 20, 2021 by
Around 60% of home buyers and sellers said in a survey by Redfin that they’re optimistic that the housing market will improve in 2021, which is a big leap on what people said in a similar survey the previous year. High earners and homeowners are the most upbeat about housing’s prospects, the survey of 1,400
Covid-19 vaccine rollout could lead to higher inventories and lower prices
January 15, 2021 by
Covid-19 vaccines are now being rolled out in the U.S., and their introduction could soon impact on the trajectory of the housing market, experts say. Some say that more housing inventory will arrive on the market in the coming months as the vaccination campaign gathers momentum. They believe that many would-be home sellers are delaying
Zillow predicts a stronger housing market in 2021
January 5, 2021 by
Zillow has said that it expects the for-sale housing market to gain even more strength in 2021 following an incredible run that came in the wake of the coronavirus pandemic. Zillow said in its 2021 housing predictions that demand is continuing to grow as we enter the new year, and that this will likely surge
iBuyers struggle as housing market booms
December 7, 2020 by
iBuying companies are seeing less business amid a booming real estate market, with homes selling in record time frames and at ever-growing prices. Many iBuyers paused their business operations in March amid fears the COVID-19 pandemic would stifle the housing market. But that proved to be the wrong assumption, and when iBuyers reopened, they saw
