According to Real Estate Data, homes are selling quickly amid low inventory levels. Homes are only sitting on the market for an average of 43 days, 20 days less than in April 2020. With homes selling at historical speed, the housing market continues to favor sellers. While sellers are listing [...]
In most metro areas around the U.S., homes in the entry-level market segment have appreciated the quickest in the last year. The price between most and least affordable homes is growing wider, suggesting a great deal of competition between buyers searching for an affordable home. The U.S. property market has [...]
The real estate brokerage firm, Redfin, released its housing market predictions for 2021. Some of the predictions included continued low interest rates, growth in home sales, and an increase in new home construction. As for Tampa, Redfin’s housing market prediction anticipates much growth. Tampa, along with San Antonio and Tucson, [...]
According to a report from property research firm, Zillow, in 2020, the total home value rose by around $2.5 trillion. The lion’s share of these gains is from the appreciation of existing properties, which was $2.2 trillion. These figures constitute the biggest gain in the U.S. home value since 2005, [...]
2021 is expected to be a seller's market for homeowners as homebuyers face continued rising prices. The NAR's housing forecast, released in December 2020, predicts that housing inventory will increase over the coming year despite the disruptive and destabilizing effects of the ongoing Covid-19 pandemic. This will alleviate some pressure [...]
The Tampa-St. Petersburg area experienced healthy growth in October 2020, ranking #5 for homebuilding prospects and #6 for overall real estate prospects, according to a recent PwC report. Growth in Metro Tampa Bay real estate has been strong for years, fueled by a combination of cities investing in public projects and [...]
Although the winter season traditionally is not a good time to sell a home, homes should gain more equity this winter and sell for higher price points. Homes will likely gain more equity over the winter thanks to buyers seeking low mortgage rates and home prices being on the rise. [...]
Despite pandemic disruptions, the October 2020 housing report shows a market in overall improvement. Record-breaking low mortgage rates have prompted buyers to invest in properties and purchase new homes despite uncertain conditions. Market trends continue to look promising. As confidence in the housing market grows, more and more sellers are [...]
In August 2020, Black Knight reported that U.S. homes are more affordable nationwide than in 3.5 years. Furthermore, they found that homes in some markets are seeing their lowest payment-to-income ratios in more than 25 years. The report suggests that although home prices are steadily increasing, low mortgage interest rates [...]
A Forbes article featured interviews with five real estate experts discussing their predictions for the housing market for the remainder of 2020. Each of the interviewees works as an economist and/or data professional at a top real estate company in the U.S. Here is a summation of their opinions on [...]
