June 2021 Existing-Home Sales Bounce Back as Home Prices Hit Second Highest Pace

Thu, 22 Jul 2021 18:01:58 +0000

Existing-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.

https://www.nar.realtor/blogs/economists-outlook/june-2021-existing-home-sales-bounce-back-as-home-prices-hit-second-highest-pace

Instant Reaction: Mortgage Rates, July 22, 2021

Thu, 22 Jul 2021 14:55:25 +0000

Mortgage 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 +0000

In 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 +0000

U.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 +0000

Price 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 +0000

In June 2021, home showings decreased in every region except the West: Northeast region (-26%), Midwest (-18%), South (-9%) and West (34%).

https://www.nar.realtor/foot-traffic/june-2021-foot-traffic

Apartment Occupancy Gains Reach Decade-High

Tue, 13 Jul 2021 20:56:24 +0000

The 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 +0000

At 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%.

https://www.nar.realtor/blogs/economists-outlook/housing-affordability-falls-in-may-as-home-prices-rise-faster-than-income

Instant Reaction: Mortgage Rates, July 8, 2021

Thu, 08 Jul 2021 14:30:35 +0000

The 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 +0000

NAR 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®.

https://www.nar.realtor/blogs/economists-outlook/qa-corner-foot-traffic-and-the-nar-sentrilock-home-showings-report

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!
Powered by ListingsToGo™
Like
Favorites
Log Out
Log In