Instant Reaction: Mortgage Rates, January 14, 2021

Thu, 14 Jan 2021 16:14:46 +0000

As 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 +0000

The 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 +0000

The 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 +0000

NAR 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.

https://www.nar.realtor/research-and-statistics/research-reports/global-alliances-international-residential-real-estate-business-survey

Housing Affordability Declines in November 2020 as Incomes Crawl and Home Prices Jump

Mon, 11 Jan 2021 16:47:18 +0000

At the national level, housing affordability declined in November 2020 compared to a year ago but rose modestly compared to October.

https://www.nar.realtor/blogs/economists-outlook/housing-affordability-declines-in-november-2020-as-incomes-crawl-and-home-prices-jump

Raw Count of New Jobless Claims Rose Last Week

Mon, 11 Jan 2021 15:58:14 +0000

New 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 +0000

Nearly 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 +0000

There was a decrease in nationwide foot traffic on a month-to-month basis, but home showings were up 24% year-over-year.

https://www.nar.realtor/blogs/economists-outlook/december-2020-nar-sentrilock-home-showings-report-highlights

December 2020 Foot Traffic

Thu, 07 Jan 2021 19:19:58 +0000

Home 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 +0000

Mortgage 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

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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