The March national median listing home price climbed to over $400,000, an all-time high and an increase of 13.5% over March 2021 prices. However, the demand for homes is moderating because of rising interest rates. The national inventory of active homes for sale declined by 18.9% over March 2021. The [...]
Highlights The March national median listing home price was over $400,000, an all-time high and an increase of 13.5% over March 2021 prices. Rising interest rates are moderating the demand for homes. As a result, mortgage applications are down 40% from March 2021. Home sellers are seeing a softening market. [...]
The median national home price grew to an all-time high in February and rose faster than is typical for this time of year, making for an early start to the spring buying season this year. © 2022 xpertRealtyMarketing. Sign up to have real estate articles delivered to your website.
Highlights Real estate markets are getting an early start to the spring buying season with an unseasonably high home demand with fewer homes for sale. Nationally, the inventory of active listings declined by 24.5% over last year, while the total inventory of unsold homes declined by 15.3%. February’s national median [...]
Realtor®.com reports that real estate markets are seeing an early start to the spring buying season this year. There is an unseasonably high demand with fewer homes for sale. The imbalance led to typical homes selling faster and pushing list prices to a record high in February. Meanwhile, higher mortgage rates squeezed [...]
Nationally, newly listed homes were down an average of 9.1% in January compared to January 2021. However, homes sale overall are continuing at a rapid pace, spending on average 61 days on the market. Low inventory levels are expected to continue for several months into 2022. © 2022 xpertRealtyMarketing. [...]
Highlights In January, the median home price was $375,000, the same as in December. January’s existing-home sales declined after increasing for three months. Year-over-year home price annual gains ranged from 17.5% to 18.3% as of November. © 2022 xpertRealtyMarketing. Sign up to have real estate articles delivered to [...]
Nationally, the number of homes listed in January was 326,312, down an average of 9.1% compared to January 2021. However, homes continue to sell at a rapid pace. The typical home spent 61 days on the market in January, ten days less than in January 2021, and more quickly than [...]
Most prospective home buyers work with a mortgage lender to finance a home purchase. In fact, according to a U.S. Census statistic in 2020, 64.8% of current homeowners used a mortgage loan to buy their homes. As interest rates fluctuate, borrowers generally lock in fixed rates to ensure that their [...]
The December 2021 U.S. national housing indicators showed overall housing market activity improvement. However, the total number of unsold homes nationwide is down 16.1% from December 2020. This is a minor improvement from November’s 16.2% decline as the inventory share of listings in pending status increased slightly, a sign that [...]
