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The 2021 housing market recap by Logan Mohtashami

Housing Wire

A bullish housing market. Retail sales have been off the charts, job openings are at 11 million, GDP growth picked up big time and jobless claims hit a level last seen in 1969. The housing market didn’t crash at all, in fact, more Americans bought homes with mortgages in 2021 than in 2020. What a year 2021 has been.

Marketing 533
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Buyers are being picky — here’s how you can navigate it as a real estate agent

Housing Wire

For what felt like a moment in time, buyers enjoyed the luxury of being incredibly picky, carefully selecting what felt like their dream homes in a market that had shifted towards more favorable conditions. The changing tides Previously, buyers were able to look for over a month, as average days on market continued to climb.

Agents 450
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The Expensive Get More Expensive: Home Value Growth Tops in Highest-Price Markets (March 2024 Market Report)

Zillow Market Reports

All five comprise the most expensive markets among the 50 largest in the U.S. Shoppers in these tech-heavy markets are still experiencing bidding wars as commonplace – they all ranked among the 10 major markets with the highest share of homes sold over asking price in February, the most recent data available. from last year.

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Brand Report: Three Months of Record-Breaking Home Sales

RIS Media

The streak of record-shattering home sales stretched to three months in September, as closings rose 21.1 On average, homes sold in a mere 39 days—a full week faster than in September 2019. percent year-over-year as the number of homes on the market dropped to an all-time low in the 13-year history of the report.

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Why industry experts don’t expect mortgage rates to fall

Housing Wire

Despite new language in the Federal Open Market Committee statement that suggested a potential slowdown in curbing inflation, Federal Reserve Chairman Jerome Powell maintained a hawkish tone on raising the federal funds rates during Wednesday’s press conference. Once inflation is contained, mortgage rates will start to drift lower. “In

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Going, Going, Gone! Homes Are Selling the Fastest in These Markets

Realtor.com

In this blink-and-you-miss-it real estate market, homes in most places are coming on and off the market at a dizzying pace, as buyers (helped by record-low interest rates) are snatching up property at an unprecedented rate. But, as it turns out, not all markets are turbocharged quite to the same degree.

Marketing 133
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Top 20 Most Competitive Rental Markets in 2023

Broke Agent Media

BAM Key Details: According to RentCafe’s Rental Competitivity Report, rental competition has significantly increased in the Northeast as New Jersey overtakes Miami as the hottest rental market in the U.S. Overall, competition has cooled slightly, but low inventory and lack of affordable housing make it a challenging market for all.