Current Market Data
Since 2016, millenials have comprised the largest share of home-purchase mortgage applications, rising even higher in 2020, when they made up more than half of overall applications, according to a recent CoreLogic report.
Nationally, home sales were brisk, with an average of 38 days on market, just two more than the record 36 days set in November 2020.
Privately owned housing starts jumped 19.4% from February’s revised estimate to a seasonally adjusted annual rate of 1,739,000, according to the U.S. Census Bureau and the Department of Housing and Urban Development
The National Association of Homebuilders expects continued growth in single-family construction through the rest of 2021, although at a slower pace than that of 2020.
Homes listed on a Tuesday, Wednesday or Thursday are selling for more than those listed on the weekend, but how much varies by metro area.
Forty-three percent of respondents to the first-quarter Zillow Home Price Expectations survey expect inventory to improve in the second half of the year, followed by 26% who expect it in the first half of 2022.
The housing supply shortage is expected to get more extreme as homebuyer demand continues to outweigh inventory levels, a new study found.
At the same time, sales activity continues to be strong, with volume rising 33.5% year over year in March.
Rising wages and falling mortgage rates are helping keep homeownership within reach of average wage earners nationwide despite surges in housing prices.
Year over year, however, rents rose, the online listing agent reported.
Nationally, home prices increased by an average of 10.4% over the previous year, representing the largest year-over-year gain since April 2006.
Home prices posted monthly and yearly gains in January across the U.S. as well, according to the S&P CoreLogic Case-Shiller Indices.
Redfin Chief Economist Daryl Fairweather lays out five key predictions for the housing market in a post-pandemic world.
Atlanta’s housing inventory fell to 7,571 homes for sale from 14,962 a year ago, according to the Atlanta Realtors Association.
“The demand for a home purchase is widespread, multiple offers are prevalent, and days-on-market are swift, but contracts are not clicking due to record-low inventory.” — NAR Chief Economist Lawrence Yun
Atlanta was the sixth most-searched U.S. city by Redfin.com users looking to relocate to different metro areas in January and February, the online real estate broker said in a new report. Atlanta’s popularity comes as homebuyers, often freed from
