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All Metro Areas Saw Home Prices Rise During Fourth Quarter of 2020
Placeholder Eighty-eight percent of the metros followed (161 areas) saw double-digit price increases. Media Contact: Quintin Simmons 202-383-1178
December Home Price Gains Shot Up 9% Annually
CoreLogic reports that December saw yet another acceleration in home price increases. The company’s Home Price Index (HPI) rose 9.2 percent on an annual basis. The increase in November was 8.2 percent. The month-over-month change, 1.1 percent, was also greater than the increase from October to November, 1.0 percent. CoreLogic says the December data means […]
Pending Home Sales Inch Back 0.3% in December
Pending Home Sales Inch Back 0.3% in December Despite dropping slightly in the last month of 2020, the latest pending home sales registered as the highest ever recorded in the month of December. Media Contact: Quintin Simmons 202-383-1178
Pending Home Sales Slide 2.6% in November
Pending Home Sales Slide 2.6% in November Despite the fall in month-over-month pending sales, contract signings were up 16.4% from one year ago and reached a record high for November. Media Contact: Quintin Simmons 202-383-1178
Home Prices Still Soaring; Rates Closing Out 2020 at Record Lows
For all practical purposes, the year is over when it comes to mortgage rate volatility. True, there is some small chance that political developments conspire to push rates just a bit higher in the next two days, but the damage would be insignificant in the bigger picture. In other words, we’re looking at “all-time low […]
Housing Affordability Declines in October 2020 Amid Surging Home Prices
Affordability declined in October compared to September as the median family income rose by 3.3% while the median home prices grew by 16.0%. www.nar.realtor – Research
Rates Surprisingly Steady Despite Market Drama; Home Price Gains Break 6 yr Record
Like many industries, housing finance has a superficial layer that’s fairly easy to understand for the average consumer. A person wants a home. They don’t want to pay cash. They get a loan. Lower rates = lower payments. The end. Shortly below that superficial layer of understanding, where a surprisingly high percentage of mortgage professionals […]
October 2020 NAR SentriLock Home Showings Report
The new October 2020 NAR SentriLock Home Showings Report indicates that there was a slight decrease in nationwide foot traffic on a month-over-month basis, but showings activity remain at elevated levels with respect to year-over-year activity. www.nar.realtor – Research
Vacation Home Sales are Getting a Pandemic Boost
Vacation home sales are outperforming total existing-home sales. Sales of homes intended for vacation use rose to 109,100 in the past three months of July-September, a 44% gain from the level of 75,600 sales during the same period last year www.nar.realtor – Vacation, Resort, and Second Homes
Resort and Second Home Real Estate Market Trends
These slides were presented by Gay Cororaton at the virtual Resort and Second Home Committee meeting on November 6, 2020, during the 2020 REALTORS® Conference & Expo. www.nar.realtor – Vacation, Resort, and Second Homes