Pending Home Sales Decline 1.9% in June 2021 CommercialBy fredjayetAugust 18, 2021 Pending Home Sales Decline 1.9% in June 2021 June’s pending home sales pace declined 1.9% last month and fell 1.9% from a year ago. By: Michael Hyman
Outlying Counties of Metro Areas Show Stronger Housing Conditions Than in Central Counties CommercialBy fredjayetAugust 18, 2021 Stronger Housing Conditions in Metro Outlying Counties Realtor.com data show that housing demand in outlying counties of metropolitan areas is growing at a more robust pace than in the central counties. By: Scholastica (Gay) Cororaton
Instant Reaction: Mortgage Rates, August 5, 2021 CommercialBy fredjayetAugust 18, 2021 Instant Reaction: Mortgage Rates, August 5, 2021 The 30-year fixed mortgage rate fell to 2.77% from 2.80% the previous week, which means more homebuyers can benefit from the historically low rates. By: Nadia Evangelou Mortgage Financing
Instant Reaction: Jobs, August 6, 2021 CommercialBy fredjayetAugust 18, 2021 Instant Reaction: Jobs, August 6, 2021 Job openings are plentiful, with a record high of 9.2 million ‘help wanted’ signs; the unemployment rate is low at 5.4%. By: Lawrence Yun
Average of Nearly $5,000 Paid Out to Renters Applying for Assistance Under the $25B Emergency Rental Assistance Package CommercialBy fredjayetAugust 18, 2021 Average of $5,000 in Asssitance Paid to Renters To prevent widespread evictions, the federal government provided $46.55 billion in emergency rental assistance (ERA) to eligible renter households. By: Scholastica (Gay) Cororaton Rental Properties, Rental Assistance
Instant Reaction: Consumer Price Index, August 11, 2021 CommercialBy fredjayetAugust 18, 2021 Instant Reaction: Consumer Price Index, August 11, 2021 Inflation continued to rise quickly in July. Over the last 12 months the inflation rate rose 5.4%, the same annual rate as in June. By: Nadia Evangelou
Instant Reaction: Mortgage Rates, August 12, 2021 CommercialBy fredjayetAugust 18, 2021 Instant Reaction: Mortgage Rates, August 12, 2021 the 30-year fixed mortgage rate increased to 2.87% from 2.77%. Nevertheless, even with this increase, mortgage rates are still near historic lows. By: Nadia Evangelou Mortgage Financing
Single-Family Home Prices Rose in 99% of 183 Metro Areas in 2021 Q2 CommercialBy fredjayetAugust 18, 2021 Q2 Single-Family Home Prices Rose in 99% of Metro Areas The year started off with strong home price growth and continued for the second quarter of 2021, with double-digit gains in 94% of the markets. By: Michael Hyman
Instant Reaction: Retail Trade Sales, August 17, 2021 CommercialBy fredjayetAugust 18, 2021 Instant Reaction: Retail Trade Sales, August 17, 2021 Retail sales recorded a seasonally adjusted total of $617.7 billion in July, a 1.1% decrease from the prior month. By: Brandon Hardin Retail Properties
Instant Reaction: Housing Starts, August 18, 2021 CommercialBy fredjayetAugust 18, 2021 Instant Reaction: Housing Starts, August 18, 2021 Rents will be soaring in the coming months, especially for apartment units, as homebuilding retreated in July. By: Lawrence Yun