National News
Nationwide, the seasonally adjusted housing index rose 1.1% month over month in February and 12% year over year, up from monthly and yearly increases of 0.8% and 11.2% in January, respectively.
The median sales price fell in March to $330,800 from $345,900 in February and rose relative to March 2020, when the median price was $328,200.
The DHS announcement comes in response to businesses reporting an immediate need for supplemental, temporary guest workers for this fiscal year.
As the economy slowly recovers from the early days of the pandemic, the share of loans in forbearance dropped for the seventh consecutive week, signifying a 40-basis-point decrease in the last two weeks.
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.
Housing secretary reaffirms U.S. commitment to closing the racial homeownership gap at a forum with NAR president and top housing officials.
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.
Brokers may use their cell phones to make marketing calls and send marketing texts, if the cell phone does not have an app that will automate the dialing system.
“A credit report and credit score are the gateway to a mortgage,” — NAR President Charlie Oppler.
The National Association of Home Builders published the results of its Special Study for Housing Economics, highlighting the 2020 annual census of who makes up its members.
Nationally, home prices increased by an average of 10.4% over the previous year, representing the largest year-over-year gain since April 2006.
RentPath’s sites, which include ApartmentGuide.com, Lovely, Rent.com and Rentals.com, will continue to operate as normal while their listings are integrated with Redfin.com, a process that is expected to wrap up in 2022.
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.
