U.S. Real Estate News

U.S. Real Estate News Recap: August 2021

Here’s a quick digest of what happened in U.S. real estate last month:

+ CoreLogic forecasts that homes will appreciate a more modest 3.2% over the next year compared to the mind-boggling 17.2% gains they saw over this past year.

+ COVID may have killed open houses, but it hasn’t stopped home sales. Live video and virtual 3D tours are helping the 10% of buyers that purchased homes this year without physically seeing them first.

+ Home prices have risen for the third straight month nationally, which are up 18.6% from a year ago. Denver is one of the six cities leading the hot housing market, seeing record price appreciation over the last year.

 


 

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U.S. Real Estate News Recap: July 2021

Here’s a quick digest of what happened in U.S. real estate last month:

+ Home sellers are still making big profits as home prices keep setting records, but their margins took a hit in the second quarter. Is this a cause for concern? While purchase prices have skyrocketed and length of homeownership has decreased, we haven’t seen a dip in profit margins during the second quarter since 2008.

+ Finding a home to buy can be quite a challenge today — especially when you have one to sell and don’t want to end up without a place to live. NerdWallet offers some strategies to help you avoid this situation. Too much to take in? reach out to us and we’ll walk you through it!

+ The U.S. Supreme Court ruled racially restrictive housing covenants unenforceable, but many property owners are shocked to find these restrictions still remain on paper. State lawmakers are working on legislation to help homeowners remove “whites only” covenants from their property records.


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U.S. Real Estate News Recap: June 2021

Here’s a quick digest of what happened in U.S. real estate last month:

+ Moody’s chief economist believes the real estate market is topping out, but that it doesn’t mean housing prices are about to take a free fall anytime soon.

+ Local courts across the country could see an influx of eviction cases when the eviction moratorium ends on July 31st. What comes next for renters and landlords will largely depend on how states and municipalities manage this potential influx.

+ Historically high lumber prices take a dive as Americans start to go on vacation instead of renovate and supply starts catching up to demand.


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U.S. Real Estate News Recap: May 2021

Here’s a quick digest of what happened in U.S. real estate last month:

+ Even with a housing shortage fueling high demand, builders are reluctant to sign sales contracts for houses as increasing costs are eroding profits.

+ Could home prices could reach unhealthy levels? Logan Mohtashami of Housing Wire believes that without more inventory or higher mortgage rates, we may be heading in this direction.

+ Love cooking on a gas stove or having an alternate source of energy when the power goes out? Stay in the loop about the battle that’s brewing over banning natural gas to homes.

 

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U.S. Real Estate News Recap: April 2021

Here’s a quick digest of what happened in U.S. real estate last month:

+ Many older millennials are burdened by housing costs, and it could keep them from reaching other financial goals.

+ What are the secret economic forces fueling the housing shortage? Inman’s Jim Dalyrymple II says increasingly expensive building supplies (think lumber, steel, and even paint) are driving up the cost of housing. Meanwhile, institutional investors are gobbling up to 20-30% of homes for sale, which is affecting inventory.

+ As ADUs or “granny flats” continue to grow in popularity, here are 4 hidden costs of accessory dwelling units that you should plan for.

+ Looking to sell soon? Find out the one thing you should never do to your yard before selling your house. Bonus: it’ll save you some cash!

 

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U.S. Real Estate News Recap: March 2021

Here’s a quick digest of what happened in U.S. real estate last month:

+ Critics slam the Fed as home prices rise 11.2% in January over the previous year — the largest annual gain in nearly 15 years.

+ “The housing market continues to face both tailwinds and headwinds,” says Nancy Vanden Houten, lead economist at Oxford Economics. “Pent-up demand and a strong economic rebound should support sales as we head into the heart of the spring home selling season. However, tight inventories and home prices at multi-year highs will make homebuying difficult for some households.”

+ Most homes aren’t ready for “aging in place,” but Liz Weston of Nerdwallet offers steps you can take now to make your home better for retirement.

 

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U.S. Real Estate News Recap: February 2021

Here’s a quick digest of what happened in U.S. real estate last month:

+ While inventory has remained low, 5.64 million homes sold in 2020, the most in the last 13 years.

+ New-home construction activity soars to its highest level in over a decade, as single-family homes drove the growth in both housing starts and building permits.

+ The America at Home Study found that COVID-19 has shifted the motivation to buy a home as well as the trade-offs renters are willing to make to buy a home.

 

 

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U.S. Real Estate News Recap: January 2021

Here’s a quick digest of what happened in U.S. real estate last month:

+ Colorado placed in the top 10 states people moved to during 2020, as ranked by U-Haul’s report of 1-way moves.

+ Pros predict that some of the next renovation trends will include a move away from open-concept living, a focus on outdoor space, and a rise in ADUs.

+ Whether you’re buying, selling, or staying put, Dave Ramsey offers his take on how the housing market will shake out in 2021.

 

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Real Estate Finance News Recap: January 2021

Here’s a quick digest of what happened in real estate finance last month:

+ Freddie Mac forecasts moderate house price growth of 0.7-1.3% in 2021-2022 with mortgage rates expected to average around 2.9% until year-end.

+ The difference between second homes and investment properties is important when it comes to financing. Sarah Kuta of Realtor.com explains why it matters and how to keep yourself aboveboard.

 

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U.S. Real Estate News Recap: December 2020

Happy New Year! Here’s a quick digest of what happened in U.S. real estate last month:

+ 27 experts give their take on what the housing market will be like in 2021. Hint… most think prices will continue to climb.

+ Across the country, Generation Z will spending roughly $226,000 on rent before they can own a home, more than any previous generation. In Denver, this number balloons to $320,300. Time to capitalize on low interest rates, if you can!

+ The Case-Shiller U.S. National Home Price Index is showing that home prices have risen 8.4% in the last year, nationwide.

 

 

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