Instant Reaction: Mortgage Rates, January 14, 2021
Thu, 14 Jan 2021 16:14:46 +0000As expected, mortgage rates rose this week, following the trend of the 10-year Treasury yield in the last couple of weeks.
https://www.nar.realtor/blogs/economists-outlook/instant-reaction-mortgage-rates-january-14-2021
Home Prices: A Closer Look at Local Trends
Wed, 13 Jan 2021 20:17:26 +0000The median existing-home price rose to $310,800 in November; 15% more than a year earlier; 41% more than five years earlier.
https://www.nar.realtor/blogs/economists-outlook/home-prices-a-closer-look-at-local-trends
Instant Reaction: Inflation, January 13, 2021
Wed, 13 Jan 2021 14:34:47 +0000The annual inflation rate rose for seven straight months in December as the economy gradually recovers from the COVID effect.
https://www.nar.realtor/blogs/economists-outlook/instant-reaction-inflation-january-13-2021
Global Alliances International Residential Real Estate Business Survey
Mon, 11 Jan 2021 19:51:28 +0000NAR gathered information on the transactions of respondents with international clients during the reference period of July 2019 through June 2020. The survey defined an international client as one who is not a citizen of the country of the respondent. Respondents were asked about the characteristics of five closed transactions.
Housing Affordability Declines in November 2020 as Incomes Crawl and Home Prices Jump
Mon, 11 Jan 2021 16:47:18 +0000At the national level, housing affordability declined in November 2020 compared to a year ago but rose modestly compared to October.
Raw Count of New Jobless Claims Rose Last Week
Mon, 11 Jan 2021 15:58:14 +0000New jobless claims rose by 77,400 to 922,072 last week, and continued claims, which measure the number of people receiving checks for regular unemployment benefits, rose to nearly 5.4 million.
https://www.nar.realtor/blogs/economists-outlook/raw-count-of-new-jobless-claims-rose-last-week
Job Losses in Leisure and Hospitality
Fri, 08 Jan 2021 22:06:54 +0000Nearly half a million job losses in leisure and hospitality wipe out job gains in December 2020 and lead to rising unemployment rate among Hispanics.
https://www.nar.realtor/blogs/economists-outlook/job-losses-in-leisure-and-hospitality
December 2020 NAR SentriLock Home Showings Report Highlights
Fri, 08 Jan 2021 19:15:05 +0000There was a decrease in nationwide foot traffic on a month-to-month basis, but home showings were up 24% year-over-year.
December 2020 Foot Traffic
Thu, 07 Jan 2021 19:19:58 +0000Home showings on homes with SentriLock lockboxes increased in December compared to one year ago.
https://www.nar.realtor/foot-traffic/december-2020-foot-traffic
Instant Reaction: Mortgage Rates, January 7, 2021
Thu, 07 Jan 2021 15:43:49 +0000Mortgage rates started the new year with a new record low. The 30-year fixed mortgage rate dropped this week to 2.65% from 2.67% the previous week, although the 10-year Treasury yield is moving upwards.
https://www.nar.realtor/blogs/economists-outlook/instant-reaction-mortgage-rates-january-7-2021
