Pending Home Sales Rise Less Than Expected as Inventory Remains Ultra Tight; Rates Recover After Bumpy Start; Digital Lending Speeds Things Up

While the degree to which is happened was somewhat disappointing, pending home sales did snap out of a two-month slump in March . The National Association of Realtors’® (NAR’s) Pending Home Sales Index (PHSI) rose 1.9 percent to 111.3 in March and is now up 23.3 percent compared to March 2020. However, NAR points out […]

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Existing Sales Rise, But Inventory is a Drag; Rates Surging, How Bad Could it Get?

There’s no precedent for the winning streak enjoyed by mortgage rates in the 2nd half of 2020. We’ve never seen so many new record lows in the same year, and we never spent as much time at those lows (not even close). All of the above makes it easy to get lulled into a false […]

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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

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Existing-Home Sales Rise 0.7% in December, Annual Sales See Highest Level Since 2006

Existing-Home Sales Rise 0.7% in December Existing-home sales rose in December, with home sales in 2020 reaching their highest level since 2006. Media Contact:  Quintin Simmons 202-383-1178

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U.S. Sees Rise in Appetite for Single-Family Homes—Especially of the Luxury Variety

The latest housing data underlines the increasing desire for buyers to upgrade to larger homes with more amenities. The post U.S. Sees Rise in Appetite for Single-Family Homes-Especially of the Luxury Variety appeared first on Real Estate News & Insights | realtor.com® ….(read more) Forward this article via email:  Send a copy of this story to […]

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