Renter Households Not Caught Up on Rent Need Rental Assistance

Fri, 11 Jun 2021 17:34:33 +0000

The eviction moratorium is slated to expire on June 30, 2021, but many renters are still struggling to pay rent, and need rental assistance of at least $3.4 billion to avoid potential eviction.

https://www.nar.realtor/blogs/economists-outlook/renter-households-not-caught-up-on-rent-need-rental-assistance

April 2021 Existing and Pending Home Sales

Thu, 10 Jun 2021 16:26:51 +0000

Median home prices were up 19% from April 2020. However, home sales fell for the 3rd straight month, running at a 5.85 million annualized pace in April. Lack of inventory is holding back sales potential.

https://www.nar.realtor/videos/april-2021-existing-and-pending-home-sales

Instant Reaction: Mortgage Rates, June 10, 2021

Thu, 10 Jun 2021 15:17:12 +0000

Mortgage rates dropped this week to 2.96% from 2.99% the previous week, following the trend of the 10-year Treasury yield. NAR forecasts mortgage rates to average 3.2% in 2021.

https://www.nar.realtor/blogs/economists-outlook/instant-reaction-mortgage-rates-june-10-2021

Instant Reaction: Consumer Price Index, June 10, 2021

Thu, 10 Jun 2021 14:10:20 +0000

Inflation rose more than expected in May to the fastest pace since 2008. Over the last 12 months, inflation rate rose 5.0%, compared to 4.2% in April and 2.6% in March, respectively.

https://www.nar.realtor/blogs/economists-outlook/instant-reaction-consumer-price-index-june-10-2021

Tracking Housing Construction at the Local Level: April 2021

Mon, 07 Jun 2021 19:31:43 +0000

Housing construction is trending upward. We are currently building 24% more homes than we typically have built in April in the last couple of decades.

https://www.nar.realtor/blogs/economists-outlook/tracking-housing-construction-at-the-local-level-april-2021

Q&A Corner: Career Choices in Real Estate: Through the Lens of Gender, Race, and Sexual Orientation

Mon, 07 Jun 2021 16:30:38 +0000

The report released in March provided insights differences in why members entered the field, skills important for the field of real estate, and much more.

https://www.nar.realtor/blogs/economists-outlook/qa-corner-career-choices-in-real-estate-through-the-lens-of-gender-race-and-sexual-orientation

Instant Reaction: Jobs, June 4, 2021

Fri, 04 Jun 2021 14:13:10 +0000

The job market continues to make progress with 551,000 net new additions in May. Another 7 million jobs are still needed to get us back to pre-pandemic conditions.

https://www.nar.realtor/blogs/economists-outlook/instant-reaction-jobs-june-4-2021

Instant Reaction: Mortgage Rates, June 3, 2021

Thu, 03 Jun 2021 15:37:23 +0000

The 30-year fixed mortgage rate ticked up to 2.99% from 2.95% the previous week. Expect mortgage rates to increase modestly in the following months as the economy continues to recover, with the 30-year fixed mortgage rate to average 3.20% in 2021.

https://www.nar.realtor/blogs/economists-outlook/instant-reaction-mortgage-rates-june-3-2021

2021 Real Estate Forecast Summit: Commercial Update

Thu, 03 Jun 2021 13:43:29 +0000

On March 10, 2021, NAR held its virtual Real Estate Forecast Summit: Commercial Update event, which provided an outlook on the changing commercial real estate market.

https://www.nar.realtor/events/nar-real-estate-forecast-summit/2021-real-estate-forecast-summit-commercial-update

Q&A Corner with Lawrence Yun: Vacation Homes, Inflation, and Cash Sales

Wed, 02 Jun 2021 17:14:01 +0000

NAR Chief Economist Lawrence Yun shares his thoughts on what's happening in vacation home sales, with rising inflation, and the high number of recent all-cash home sales in the latest data.

https://www.nar.realtor/blogs/economists-outlook/qa-corner-with-lawrence-yun-vacation-homes-inflation-and-cash-sales

Lisa Cromwell, REALTOR®
RE/MAX Premier
602 S King St Ste 202
Leesburg, VA 20175
Direct:
© 2020 Lisa Cromwell, Realtor®
© 2020 Lisa Cromwell, Realtor®
 
RE/MAX Premier is an independently owned and operated real estate brokerage with five offices throughout Loudoun and Fairfax Counties to better serve you!
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