Low mortgage rates and a historic inventory shortage is leading to an ultra-competitive market in most American cities
by Veronika Bondarenko Today 8:58 A.M.
New single-family home sales catapulted 20.7% to a seasonally adjusted rate of 1.02M in March, according to the US Census Bureau, a high not seen since 2006
Existing-home sales fell 3.7% in March, but the median sales price rose 17.2% to a historic high of $329,100, according to the National Association of Realtors
Nationwide builder sentiment rose by 1 point to 83 in April, according to the National Association of Home Builders/Wells Fargo Housing Market Index
Home prices rose by 11.2%, according to the latest S&P/Case-Shiller US National Home Price Index
The median home sale price in the US rose 14.4% to $336,200 in February
Rent prices are significantly higher than they were at the same time last year, rising by 3.8% nationwide in January, according to a Single-Family Rent Index report released Tuesday
New homes authorized by permits were up 22.5% year over year in January, according to the latest report by the US Census Bureau
San Francisco was the top spot last year, but it didn't even make the list in 2021
Nationwide rent prices rose 3.8% in December, with Phoenix seeing a jump of 10.7%
5.9% of homeowners fell delinquent on their mortgages in November, according to new data from CoreLogic
Home values increased by 9.2% in December, while inventory dropped 24% below 2019 levels
Rising from 8.4% growth the month before, the home price numbers reveal a year in which the pandemic did little to temper sky-high growth, according to new data Tuesday
'We haven't seen the end of pandemic-driven relocation,' Redfin Chief Economist Daryl Fairweather said, adding that an additional 33% of those polled said they would relocate if their current work-from-home situation becomes permanent
In October, 6.1% of mortgages in the United States were in some form of delinquency
Home prices across the country grew by 8.2% in November, jumping 1.1% from the month before