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No Shot in the Arm: Why COVID Vaccination Rates Have Little Impact on Local Housing Dynamics
Source: Zillow --- With the widespread rollout of COVID-19 vaccines beginning in early 2021, local vaccination rates were found to have little impact on housing market performance or long-term, strategic housing decisions – but did lengthen transaction times in...
The Share of Homebuyers Looking to Relocate Is Near Pandemic Peak
Source: Redfin News--- Nationwide, 31.2% of Redfin.com users looked to move to a different metro in the fourth quarter of 2021, near the record high of 31.5% set in the first quarter. The share is up significantly from pre-pandemic levels, with 26.3% of Redfin.com...
Residential Rents in North America Rise 14 Percent in December
Source: The World Property Journal --- According to national property broker Redfin, average monthly listed rents in the U.S. increased 14.1% year over year to $1,877 in December 2021. This was the largest annual jump since at least February 2019--the earliest month...
Commercial real estate deal volume leaps nearly 90% annually in 2021
Source: Scotsman Guide --- With the entirety of 2021 now in the books, it’s safe to say that the U.S. commercial real estate market left recovery mode last year and firmly entered a certifiable boom period. Case in point: According to a fourth-quarter 2021 report from...
Home prices surged in November, but at a slower rate than in October, S&P Case-Shiller says
Source: CNBC --- Even as the housing market entered its traditionally slower season in November, home prices showed big gains from a year ago. Prices rose 18.8% year over year on the S&P CoreLogic Case-Shiller National Home Price Index. Yet that was a slower rate...
Here Are America’s Next Emerging Real Estate Markets: What Buyers and Sellers Need To Know
Source: Realtor.com--- Will big cities become the next hot housing markets for pandemic-weary buyers? As the COVID-19 pandemic dragged on, more remote communities—mainly suburbs and smaller cities—emerged as real estate victors during a time when buyers sought out...
