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Inflated New-Home Prices Punctures Sales Numbers – April 2021
As new home sales prices inflated to a record high – with the median price in April 2021 at $372,400, up 12.6 percent from the prior month and up 20.2 percent year-over-year, the air was let out of the...
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Existing Home Sales Stutter Slightly in May, Down 0.9 Percent, But Median...
Existing home sales slipped 0.9 percent in May 2021 compared to April based on the Seasonally Adjusted Annualized Rate (SAAR) according to the National Association of Realtors® (NAR). Actual closings...
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Housing Market & Residential Lending Forecast Summary – June 2021
While forecasts from truly respected institutions are valued, unfortunately there is not always agreement from the various parties. The following summarizes monthly forecasts from Fannie Mae and the...
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The Ugly Trifecta Facing Homebuilders — May 2021 New Home Sales
Homebuilders face a trifecta of impediments – not winnings – with new home construction being hindered by shortages of workers, materials (including appliances, fixtures, HVAC and even hot-water tanks)...
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Most & Least Energy-Expensive States 2021 — and a concern for housing...
The combined cost of housing and transportation expenses accounted for one-half (49.8 percent) of all monthly household expenditures in 2019 (prior to the pandemic) according to the Annual Consumer...
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Forecast Update: Home Sales, Residential Lending & Interest Rates by Fannie...
Axioms are truths. If there is ever one complete truth it is that not everyone sees the future equally, nor do they consistently perceive the present. Proof in the statement takes only a glance at...
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Housing Market & Residential Lending Forecast August 2021
Fortunately Fannie Mae and the MBA release monthly forecasts for residential lending volumes, new and existing home sales and interest rates. They do not, however, look through the same glasses when...
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Commercial Real Estate Cycles for Q2 2021 — Dr Glenn Mueller’s Must-Read...
As the pandemic progresses through its lifecycle, the demand for commercial real estate continues to evolve with some property types and markets struggling and others booming. Detailed market-specific...
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Existing Home Sales July 2021, Ditto – National Association of Realtors
Just a data summary this month as very little changed, so ditto. Existing Home Sales July 2021 – National Association of Realtors® (NAR) As of July 2021 Seasonally Adjusted Annualized Sales Numbers...
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Benefits of Buying a Home in the Fall
Did you know that next to summer, fall is traditionally the next best time of the year to buy a home? According to Rocket Mortgage, October allows buyers to get the most bang for their buck because...
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