If you’re like most people, it’s time to finally put 2020 to bed and look toward a fresh start in 2021. Today is January 1st, 2021 and with that in mind today’s infographic from Statista shares with us America’s top New Year’s resolutions for 2021. It would appear that the top resolution is to get rid of those extra [covid] 19 pounds. Indeed….and Thanks be to God that 2020 is finally over. Have a healthy, safe, happy, and most of all prosperous new year!!!! (Happy Friday). Hat tip to Statista.
Author: Brad Beckett
Brad Beckett
Director of Education & Outreach, National Real Estate Investors Association
What will be the top markets for real estate in 2021? Realtor.com says the top 10 markets for 2021 have substantial momentum from 2020 that will carry them into 2021. Indeed… This past year, we’ve all become more reliant on technology to work, learn, and maintain personal connections. The technology hubs that make this possible are thriving, as are their housing markets. Additionally, the relative stability of government jobs in the past year has driven home prices and sales in several state capitals to the top. Home buyers, particularly younger first-time buyers, looking in one of these markets should expect…
According to the latest S&P CoreLogic Case-Shiller Indices, covering all nine U.S. census divisions, the rate of home price increases reported a 8.4% annual gain in October, 2020. Their 10-City Composite annual increase came in at 7.5% and the 20-City Composite posted a 7.9% year-over-year gain. The S&P CoreLogic Case-Shiller Home Price Indices are one of the leading measures of U.S. residential real estate prices, tracking changes in the value of residential real estate both nationally as well as in 20 metropolitan regions. “The surprising strength we noted in last month’s report continued into October’s home price data,” says Craig…
According to November’s U.S. Foreclosure Market Report from ATTOM Data, foreclosure filings were down 14% from one year ago, with just over 10k U.S. properties with foreclosure filings in November. Their analysis also reported that lenders foreclosed (REO) on a total of 2,010 U.S. properties, down 22% from October 2020 and down 86% from November 2019. “It’s not unusual to see foreclosure activity slow down beginning in November and through the holiday season,” said Rick Sharga, executive vice president at RealtyTrac, an ATTOM Data Solutions company. Click here to read the full report at ATTOM Data Solutions.
According to the latest Federal Housing Finance Agency’s (FHFA) House Price Index (HPI), U.S. house prices were up 1.5% in October and up 10.2% from one year ago. The FHFA produces the nation’s only public, freely available house price indexes (HPIs) that measure changes in single-family house prices based on data that cover all 50 states and over 400 American cities and extend back to the mid-1970s. The FHFA’s HPIs are built on tens of millions of home sales and offer insights about home price fluctuations at the levels of the nation, census division, state, metro area, county, ZIP code,…
According to Black Knight’s “first look” report for November, 2020, mortgage delinquencies improved for the 6th consecutive month in November, falling to 6.33% from 6.44% in October. In addition, Black Knight says while early-stage delinquencies have fallen back below pre-pandemic levels, seriously past-due (90+ days) mortgages remain 1.8 million above their pre-pandemic level. Indeed… “Delinquencies Improved Again in November 2020, But Nearly 2.2 Million Seriously Past-Due Mortgages Remain” Click here to read the full report at Black Knight.
With President Trump’s signature on the recent $900 Billion Covid-19 Relief Bill the details are fully emerging and being implemented by the Administration. Among these are an extension of the CDC eviction moratorium through January, 2021 as well as provisions for emergency rental assistance, details of which were discussed in a previous post. Below is an excerpt from a congressional summary document of H.R. 133, courtesy of WSJ.com: Subtitle A — Emergency Rental Assistance Sec. 501. Emergency Rental Assistance. Section 5201 appropriates $25 billion through Treasury to provide to state and local government entities, including $400 million for U.S. territories…
The U.S. Government is reporting that sales of new single-family houses in November, 2020 were at a seasonally adjusted annual rate of 841k which is 11% lower than October’s revised rate, but is 20.8% higher than one year ago. The median sales price of new houses sold in November was $335,300 with an average sales price of $390,100. There were an estimated 286k new houses for sale at the end of November representing a 4.1–month supply at the current sales rate. Click here to read the full report at the U.S. Census Bureau.
The National Association of Realtors is reporting that existing home sales dropped 2.5% in November to a seasonally-adjusted annual rate of 6.69 million (up 25.8% from one year ago). Total housing inventory at the end of November was 1.28 million units, down 9.9% from October and down 22% from one year ago. Unsold inventory sits at an all-time low 2.3-month supply at the current sales pace with properties remaining on the market for around 21 days. The median existing-home price for all housing types was $310,800, up 14.6% from November, 2019. “Home sales in November took a marginal step back,…
Merry Christmas! With that in mind, discount site CouponLawn.com says this Christmas will be unlike any other we have ever seen. This year’s Pandemic has changed our lives in so many ways that it will be some time before a new normal emerges. In fact, This Christmas saw Americans spending less with their gift-giving spirit – not to mention being hindered by the travel restrictions, lock-downs and health issues that many of us or our loved ones experienced. However, the love & spirit of Christmas cannot be taken away and we will emerge better and stronger as we focus on…
