Source: Redfin — Redfin forecasts a record $2.53 trillion worth of home sales in America in 2021—a 17% year-over-year gain that would mark the largest annual increase in percentage terms since 2013. To put $2.53 trillion into perspective, it’s roughly equal to...
Source: Forbes — For buyers who simply want a home in which to raise their pets, plants and kids, these are tough times. They’re made harder by low interest rates, tight housing inventory and pandemic-driven desires for more rooms inside and more space...
Source: Housing Wire — Mortgage credit availability increased by 2.2% in April as mortgage lenders fight for borrowers in an increasingly competitive market. The Mortgage Bankers Association said Tuesday that the Mortgage Credit Availability Index (MCAI)...
Source: Keeping Curren Matters — There’s no doubt that 2021 is the year of the seller when it comes to the housing market. If you’re a homeowner thinking of moving to better suit your changing needs, now is the perfect time to do so. Low mortgage rates are in...
Source: Keeping Current Matters — It’s clear that consumers are concerned about how quickly home values are rising. Many people fear the speed of appreciation may lead to a crash in prices later this year. In fact, Google reports that the search for “When is...
Source: The World Property Journal — The National Association of Home Builders is reporting U.S. housing affordability weakened slightly during the first quarter of 2021 as rising material costs and supply shortages along with expected increases in mortgage...
Hits and Misses for the Real Estate Week of April 27-May 1
