April was another strong month for home sales. The busy spring market continues to
see many multiple offer situations driving sales prices above asking price. With such
strong activity, by the time a property sale closes, the market may have already
moved higher than that sold price suggests …
Normal spring increases in sales activity, coupled with relaxing COVID-19 policies,
created a very busy March real estate market as buyer demand continued largely
unabated in the face of rising home prices and mortgage rates. Existing home seller
and new construction activity continue to remain below levels necessary …
Mortgage interest rates ticked a bit higher in February, but remain below their
February 2020 levels. Interest rates may rise a bit further in coming weeks, but
according to Freddie Mac chief economist Sam Khater, “while there are multiple
temporary factors driving up rates, the underlying economic fundamentals …
January started off strong for the housing market, with healthy buyer demand and
strong market fundamentals. A robust increase in housing starts in December points
to an active year for new construction, but higher material costs, especially lumber,
and a limited supply of buildable lots will temper the …
December is normally one of the slowest months of the year but strong buyer
demand across most segments of the market, buoyed by near-record low interest
rates, continue to drive a healthy sales pace in the face of a new wave of COVID-19
infections and a softening jobs …
November saw the Dow Jones Industrial Average top 30,000 for the first time, while
mortgage rates reached new record lows again. These new records have provided
encouragement for buyers to move forward on home purchases, which continued to
remain strong overall for the month.
New Listings were …
View MoreOctober continued to be busier than the calendar normally suggests. Buyer activity
remains higher than normal for this time of year, while in many segments of the
market housing supply remains much lower than one year ago. Multiple offers
remain a common occurrence in many areas, keeping housing …
Strong buyer activity has continued into the fall, which is normally the start of the
seasonal slowing of the housing market. With stronger buyer activity in the market
this year and the continued constrained supply of homes for sale, speedy sales and
multiple offers are likely to remain …
The housing and stock markets continue to be the leaders in the economy. In
August, showings and pending sales remained at strong levels while housing
inventory remained limited, continuing the competitive bidding market we have seen
in recent months. With the stock indexes at or near record highs …
Healthy buyer demand and constrained supply continue to be the story for much of
the country. Nationally, showing activity in July remained substantially higher than a
year before and multiple offer situations are a frequent experience in many markets.
With the inventory of homes for sale still constrained …
