Current Market Data
Tampa has been ranked as the 10th moving destination by Penske Truck Rental in its 11th annual Top Moving Destinations list.
“This is a sign that the competitive purchase market, driven by low housing inventory and high demand, is pushing prices higher and weighing down on activity.” — Mortgage Bankers Association Associate Vice President of Economic and Industry Forecasting Joel Kan
In 40% of metro areas analyzed, home prices in the first quarter hit or tied new peaks according to the report, including Miami.
Homes stayed on the market for 19 days less than they did last year, at an average of 72 days.
Nationwide, the seasonally adjusted housing index rose 1.1% month over month in February and 12% year over year, up from monthly and yearly increases of 0.8% and 11.2% in January, respectively.
The boost in inventory shows signs of seasonal norms as supply starts to catch up with demand.
Closed sales, median prices, new pending sales and pending inventory were all up over this time last year, according to new a new report from Florida Realtors. The spring market is off to a good start, but condo and
Year over year, the pace of sales was up 66.8% nationwide.
As the economy slowly recovers from the early days of the pandemic, the share of loans in forbearance dropped for the seventh consecutive week, signifying a 40-basis-point decrease in the last two weeks.
Rent rates nationwide have been decreasing since the onset of the pandemic, but new data shows that in some cities, this could be changing in the near future.