U.S. Real Estate News

U.S. Real Estate News Recap: October 2021

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

+ Nationwide this year, the typical home buyer submitted two offers before one was accepted — double the amount from 2020.

+ Zillow began offloading 7,000 of their iBuyer homes in October and have just announced that they are shutting down Zillow Offers and laying off 25% of their workforce. Zillow CEO Rich Barton stated, “We’ve determined the unpredictability in forecasting home prices far exceeds what we anticipated and continuing to scale Zillow Offers would result in too much earnings and balance-sheet volatility.”

+ More home sellers are cutting their list price. Four experts weigh in on what they think will happen to home prices through the end of the year.

 


 

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U.S. Real Estate News Recap: September 2021

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

+ Single-family homes in the U.S. are less affordable than they’ve been at any point in the last 13 years.

+ Nationally, less homes (46.1%) are selling for more than their initial list price compared to earlier this summer (50.4% at the peak in June).

+ Indicators are showing early signs that the national housing market is beginning to balance. Despite these signs, the market is still historically strong.

 


 

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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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