Current Market Data
It’s been barely three months since the federal moratorium on foreclosures expired, but it’s starting to prove costly, as nationally, foreclosures are on the rise, having increased 67% from last year.
While the past year has been unprecedented in terms of economic change and a global pandemic, most U.S. home sellers’ experiences were similar to past years, according to Zillow’s latest consumer housing trends report. Consistent with the past three
As remote work becomes the new norm for many homeowners, real estate professionals are encouraging clients to consider implementing insurance-based smart home technology into their homes.
Miami-Dade County set yet another record for 2021, posting its best August sales month. This was the county’s sixth consecutive record-breaking month for sales.
Asking prices for homes reached an all-time high in September, despite pending sales and new listings cooling.
Mortgage rates rose quickly last week. The 30-year fixed mortgage rate hit 3.01%, up 0.13% from the week prior.
The demand for luxury single-family homes in Martin County spiked in August,
according to the Miami Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system.
Home sales in Palm Beach County continued trending upward in August, according to the Miami Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system.
Housing affordability has changed across all 50 top markets, proving to be more affordable than it was during the previous housing peak, according to First American Financial’s latest Real House Price Index.
All four geographic regions saw increases, led by the Midwest, which clocked a 10.4% rise from July, and the South, where sales rose 8.6%. Pending transactions rose 7.2% in the West and 4.6% in the North.
A new report shows the market cooled in August, at least in terms of the number of prospective buyers looking at homes.
Property values continue to rise and those looking to downsize can make the most of the current market highs, but how much you can save by downsizing can vary significantly depending on where you live.
The 10-city composite index rose 1.4% on a monthly basis and 19.1% on a yearly basis, while the 20-city composite gained 1.5% monthly and 19.9% annually.
Fewer buyers were looking for vacation homes in August, as the demand for second homes dropped for the third month in a row.
The seasonally adjusted estimate of new houses for sale at the end of July was 378,000, representing a supply of 6.1 months at the current sales rate.
Last year’s en-masse move to remote work has driven what Zillow has dubbed the Great Reshuffling, as homeowners working from home have paused and reevaluated where and how they live.
