2021
Housing Affordability Drops as Mortgage Payments Spike 51% From May 2021
Compared to one year ago, affordability fell in May as the monthly mortgage payment climbed 51% and median family income rose by 4.5%. www.nar.realtor – Research
Compass Finally Reveals Residential Numbers for 2021
After being excluded from RISMedia’s 34th Annual Power Broker Report for incorporating commercial transaction data in its reported totals for 2021, Compass has since submitted to RISMedia verified residential-only numbers for the year: 2021 residential sales volume: $ 251,019,336,511 2021 residential transactions: 224,067 Number of offices: 501 Number of agents: 26,257 Compass had previously submitted […]
Two-Thirds of Metros Reached Double-Digit Price Appreciation in Fourth Quarter of 2021
In Q4 2021, 67% of Metros Saw Double-digit Price Rise With sustained price appreciation and higher mortgage rates, affordability of single-family homes worsened in Q4 2021. Media Contact: Quintin Simmons 202-383-1178
Commercial Weekly: Record Industrial Leasing in 2021
Supply chain disruptions have led firms to lease additional industrial space to use as storage in an attempt to reduce reliance on supplier inventory. www.nar.realtor – Research
Commercial Weekly: Sunbelt and Mountain Metro Areas Undergoing the Most Intense Apartment Construction Activity as of 2021 Q4
A strong and sustained job recovery, years of net domestic in-migration even during the pandemic, and the relative affordability of rental housing in these markets compared to other markets are drawing workers, businesses, and retirees. www.nar.realtor – Research
U.S. Construction Spending Climbed in November 2021
Construction spending saw a modest boost in November, according to recent reports from the U.S. Census Bureau and the Department of Commerce. The Commerce Department announced on Jan. 3 that construction spending climbed by 0.4% in November 2021, with single-family homebuilding playing a significant role in the uptick. Total spending rose from $ 1.62 billion […]
Pending Home Sales Climb 7.5% in October 2021
The pending home sales pace in October 2021 increased 7.5% last month but fell 1.4% from a year ago. www.nar.realtor – Research
October 2021 Foot Traffic
Showings declined in every region: Northeast region (-23%), Midwest (-17%), West (-17%) and South (-12%). www.nar.realtor – Research
Instant Reaction: Mortgage Rates, November 4, 2021
The 30-year fixed mortgage rate fell to 3.09% this week from 3.14%, good news for homebuyers and homeowners who want to refinance. www.nar.realtor – Research
Instant Reaction: Jobs, November 5, 2021
The job market continues to make progress in October with 531,000 net new jobs. Since coming out of lockdown 18 million jobs have been created, but total jobs are still 4 million below the level seen before the arrival of COVID-19. www.nar.realtor – Research