2021 was a wild year for real estate and, Atlanta Agent covered it all, from the travails at Zillow Offers and supply shortages to housing-market statistics. Take a look at which stories from the year generated the most interest with our readers.
Of the 99 million residential properties in the U.S., approximately 1.4 million were vacant in the second quarter, with “zombie” home rates increasing both quarterly (21%) and annually (5.6%).
Also during July, the median sales price of U.S. homes rose to $390,500 from $370,200 in June, according to the U.S. Census Bureau and the Department of Housing and Urban Development.
Newly elected President Biden ordered the U.S. Department of Housing and Urban Development to reexamine Trump Administration changes to Obama-era fair housing rules.
The news that Zillow is purchasing ShowingTime for $500 million sent shockwaves through the residential real estate industry in February.
Zillow announced in November that it was ending its iBuyer service, Zillow Offers, and cutting roughly a quarter of its workforce, citing the volatility the service created for the online brokerage as the motivation for the move.
The survey, released in August, found that 37% of respondents expected drones to be the most-impactful technology over the next 24 months, followed by cyber security (34%), 5G (31%) and virtual reality (30%).
The Houzz 2021 Kitchen Trends Study highlights post-pandemic must-haves.
During the four-week period ended July 11, the average weekly share of homes for sale with a price drop passed 4% for the first time since September 2020.
Special questions added to the National Association of Home Builders’ monthly builder survey in May found 90% or more of respondents had experienced shortages of plywood, oriented strand board, framing lumber and appliances, with most other materials also hard to come by.
The nationwide eviction moratorium put into place by the Centers for Disease Control in 2020 was overruled by the U.S. Supreme Court.