June 2021 Existing-Home Sales Bounce Back as Home Prices Hit Second Highest Pace
Thu, 22 Jul 2021 18:01:58 +0000Existing-home sales data show that housing market activity this June increased 1.4% from May 2021 and 22.9% from June 2020, with existing-home sales reaching a 5.86 million seasonally adjusted annual rate.
Instant Reaction: Mortgage Rates, July 22, 2021
Thu, 22 Jul 2021 14:55:25 +0000Mortgage rates dropped significantly this week, with the 30-year fixed mortgage rate falling to 2.78% from last week's 2.88%.
https://www.nar.realtor/blogs/economists-outlook/instant-reaction-mortgage-rates-july-22-2021
Existing-Home Sales Expand 1.4% in June
Thu, 22 Jul 2021 12:34:26 +0000In June 2021, month-over-month existing-homes sales were unchanged in the South but rose in the other three major regions of the U.S., and all four regions saw double-digit year-over-year gains.
https://www.nar.realtor/newsroom/existing-home-sales-expand-1-4-in-june
Instant Reaction: Retail Trade Sales July 16, 2021
Mon, 19 Jul 2021 21:28:38 +0000U.S. advance estimates of retail and food service sales for June 2021 saw a 0.6% increase from May 2021, recording a seasonally-adjusted total of $621.3 billion.
https://www.nar.realtor/blogs/economists-outlook/instant-reaction-retail-trade-sales-july-16-2021
May 2021 Existing and Pending Home Sales
Thu, 15 Jul 2021 18:52:48 +0000Price appreciation is occurring in the market at unprecedented levels, with a 24% increase in the median home price from one year ago. Home sales declined for the fourth consecutive month by 1%, while up 45% from one year ago. Record-high home prices and lack of inventory are both limiting potential home sales.
https://www.nar.realtor/videos/may-2021-existing-and-pending-home-sales
June 2021 Foot Traffic
Wed, 14 Jul 2021 14:21:58 +0000In June 2021, home showings decreased in every region except the West: Northeast region (-26%), Midwest (-18%), South (-9%) and West (34%).
Apartment Occupancy Gains Reach Decade-High
Tue, 13 Jul 2021 20:56:24 +0000The apartment market is booming. Based on NAR's analysis of CoStar market data in 138 markets1, net absorption (change in number of occupied units) rose by 207,035 units in 2021 Q2 from the prior quarter.
https://www.nar.realtor/blogs/economists-outlook/apartment-occupancy-gains-reach-decade-high
Housing Affordability Falls in May as Home Prices Rise Faster than Income
Fri, 09 Jul 2021 17:42:33 +0000At the national level, housing affordability declined in May compared to a year ago, as the median family incomes rose modestly by 1.2% while the monthly mortgage payment increased 20%.
Instant Reaction: Mortgage Rates, July 8, 2021
Thu, 08 Jul 2021 14:30:35 +0000The 30-year fixed mortgage rate fell to 2.90% from 2.98% the previous week, and homebuyers continue to benefit from low mortgage rates as home prices reached a new record high at $350,300.
https://www.nar.realtor/blogs/economists-outlook/instant-reaction-mortgage-rates-july-8-2021
Q&A Corner: Foot Traffic and the NAR SentriLock Home Showings Report
Tue, 06 Jul 2021 16:43:05 +0000NAR releases the NAR SentriLock Home Showings Report on a monthly basis. Every month SentriLock, LLC. provides NAR with data on the number of properties shown by a REALTOR®.
