Housing Market

A Strong Year Ahead for the Remodeling Industry

October 25th, 2021
The industry expects a robust year for remodeling in 2022, according to the Leading Indicator of Remodeling Activity (LIRA), which reported strong growth in home improvement and maintenance spending. The findings: LIRA, released by the Remodeling Futures Program at the...

Home Prices Continue Their Ascent

November 5th, 2021
The median home price for single-family properties and condos has increased to $294,488. And since the pandemic hit in March of 2020, there’s been significant property appreciation across the board, with home values increasing, on average, by more than $41,000,...

Pending Home Sales Rebounded in October

November 29th, 2021
Pending home sales increased in October, rebounding from September’s decline, according to the National Association of REALTORS® (NAR). Overall, contract activity increased monthly in each of the four major U.S. regions. However, on a yearly basis, two regions (West and...

Economic Pessimism Reaches Decade High, Buyers Realize Lack of Leverage

December 7th, 2021
Sellers and buyers are at odds in today’s market as homeowners retain the edge and buyers continue to battle it out for their purchases—a trend that may be waning, however, according to recent reports. The Fannie Mae Home Purchase Sentiment...

Existing-Home Sales Up for Third Straight Month, but Down 2% from Last Year

December 22nd, 2021
Existing-home sales, recording a seasonally adjusted annual rate of 6.46 million in November, bumped down 2.0% compared to last year, according to the latest data from the National Association of REALTORS® (NAR). But while inventory continues to drop and prices...

2022 Could See Another Home-Buying Frenzy

January 6th, 2022
The winter market is heating up as buyers keep a watchful eye on interest rates— expected to rise over the next year—despite a continuing inventory shortage keeping prices and competition high. According to realtor.com®’s recent Monthly Housing Report, December saw...

Real Estate ‘Power Players’ Reshape Luxury Landscape

October 25th, 2021
Which markets are having the biggest influence in the luxury space? A new report from Coldwell Banker Real Estate LLC, “Real Estate’s New Power Players“—part of the brand’s annual “A Look at Wealth” series—highlights luxury real estate’s “movers and shakers”...

October Sees Major Job Bump, But Continued Construction Worker Shortages Pose a Challenge

November 8th, 2021
The U.S. job market had a positive October, with nonfarm payrolls rising more than expected and the unemployment rate decreasing to 4.6%, according to the latest jobs report from the Labor Department. Nonfarm payrolls increased by 531,000 for the month...

Wedding vs. Homeownership: New Survey Measures Modern Priorities

November 29th, 2021
Americans pressed pause on many milestones in 2020, but in 2021 they reignited plans to buy and sell homes. The real estate market is strong according to the National Association of REALTORS® and homeownership is top of mind for Americans. In fact,...

Mortgage Applications Increased Following Rate Declines

December 8th, 2021
Mortgage applications increased 2.0% for the week ending Dec. 3, 2021, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey. The findings: The Market Composite Index, a measure of mortgage loan application volume, increased 2.0% on a...
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